While IT Jobs Tick Down Modestly in November, Demand for Tech Talent Remains Strong
Wednesday, December 21st, 2022
In November, IT employment ticked down 0.12% from October, according to TechServe Alliance, the national trade association of the Technology Staffing and Solutions Industry. On a year-over-year basis, IT employment was down 0.35% from November 2021, down a net of 18,900 jobs. The Engineering sector showed a year-over-year job growth rate of 3.56%, with the addition of 94,400 jobs during the year.
"While layoffs among some high-profile tech companies have been in the news, demand for talent for technology professionals overall remains very strong. When one sector of the economy reduces its workforce, high demand skill sets are redeployed to other industries," said TechServe Alliance CEO Mark Roberts. "With an IT unemployment rate of just 2.3% as of the end of Q3, most qualified candidates continue to receive multiple job offers with escalating wage growth. It remains a 'candidates' market'," added Roberts.