Why is the IT Job Market So Unpredictable

BLS data is constantly being revised

First much of the discord you are seeing is due to the MIS-REPORTING of employment data by the Biden Administration’s BLS. In 15 of the last 18 months, they had control they would report several new jobs in a month, then the next month they would adjust the number of jobs reported the prior month down. Then they would use the new lower base number of employment to show a greater increase in the number of jobs for the month that was currently recorded as being more positive.

This came to a head in the November data that was just reported. To try and correct the problem they reclassified a number of jobs which impacted the size of the job market significantly. We have adjusted this in the data that we use in our reporting.

While this has been going on there has been a monumental shift in the IT labor market as AI has taken hold and many legacy positions in the IT function have been automated out of existence. For example, try to talk to Microsoft on a technical issue. ALL of their phone numbers have been redirected to web sites. This has impacted the US labor market somewhat, but the real unemployment has been in the offshore job markets.