January IT Job Market News

IT Job Market Shrinks in CY 2024

e-janco.com – Janco reports the size of the IT Job Market at the end of 2024 reduced significantly due to a reclassification of jobs and the jobs created in November. The unemployment rate for IT Pros spikes up 5.7% with 152K unemployed IT Pros.

The CEO of Janco, M. Victor Janulaitis said, “Many CEOs have given CFOs and CIOs the green light to hire IT Pros. For the most part, most of those positions were to assist in developing and deploying AI initiatives. The BLS reclassified several job titles and adjusted the November and December number of jobs reported down by over 111K. The revised data impacted the total IT job market size and showed a resultant decline in the IT Job market for 2024 of 123,200.”

IT Job Market Growth