IT employment was little changed in July, falling just 0.03% during the month, according to TechServe Alliance. Year over year, IT employment is down 2.17% (-118,400 jobs), while engineering is up 2.49% (+68,200 jobs).
“After steeper declines in IT employment during the second half of last year through the first half of this year, employment levels have stabilized the last three months—coming in effectively flat in both June and July. While many employers shed jobs as part of their effort to correct over hiring during the pandemic and other employers pulled back on hiring amid the fear of recession—a recession that has yet to arrive, we appear to be poised for a shift in momentum,” TechServe Alliance CEO Mark Roberts said in a press release.
He noted that the industry is still being cautious, but that some regions and sectors are showing growth. Computer systems and design services, management and technical consulting services and data processing, and hosting and related services all grew in July. “With pent-up demand amid an unemployment rate of only 2.4% in Q2, we are going to see a return to the full-fledged war for IT talent once employers regain confidence in the economy,” added Roberts.