Layoffs have not slowed the growth of the IT job market
Focus of layoffs is on non-technical positions and the elimination of administrative overhead
Park City – UT – www.e-janco.com – Janco reports that November saw an increase in the number of new IT jobs created. Most of those positions were non-management positions. 12,500 new IT jobs were added to the November IT job market with an additional increase by the BLS of 3,00 jobs for the prior two months.
According to the latest BLS data, analyzed by Janco, there are now just shy of 4 million jobs for IT Professionals in the US. For 27 months in a row, there has been an increase in the number of jobs added to the IT job market. Janco sees this trend continuing but at a slower pace. Layoffs will continue as companies seek to improve productivity levels.
Janco has increased its November forecast for 2022 IT job market growth slightly to 190K from 188K in its forecast last month. That will be less growth than in 2021 but still at record-high levels.
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