IT Unemployment Rate is 5.9% with 147,000 unemployed IT Pros

It is taking longer for IT Pros who are unemployed to find new jobs

 Janco reports the overall unemployment rate for IT pros in June rose to 5.9%, higher than the 4.1% for the US national unemployment rate. On the bright side, 7,700 jobs were added to the IT job market in May.

The employment prospects for IT Pros are mixed at best.  There is some growth, however there are fewer open positions than the number of unemployed IT Pros.  In addition, there is a skills mismatch in that the open positions are for “new” technologies like AI and Machine Learning (ML).

The unemployment rate for IT Professionals rose from 4.3% to 5.9% with a trajectory that it will go higher.  The number of unemployed IT Pros rose from 129,000 to 147,000.  There still is a skills mismatch as positions continue to go unfilled as the available IT Pros do not have the requisite training and experience required.  The BLS data shows that around 78,000 IT pros were hired but that 147,000 are looking for work.