Recent reports from multiple research firms have highlighted a significant decrease in the unemployment rate for IT professionals last month, with some sources indicating a drop of nearly 37%. This sudden decline represents a notable departure from previous months characterized by gradual increases and stagnant levels of unemployment.
Industry experts attribute this surge in hiring to various factors, including a robust economy, the growing demand for AI-related skills, and heightened recruitment efforts by small and medium-sized enterprises.
In addition to these factors, smaller companies have been actively recruiting talent that was previously laid off by larger corporations over the past couple of years. According to Janco Associates, an IT industry consultancy that analyzed data from a recent US Bureau of Labor Statistics report, the number of unemployed IT professionals in the US decreased from 148,000 to 98,000 last month.
The influx of more than 78,000 new hires in September has significantly reduced the pool of unemployed IT professionals. Victor Janulaitis, CEO of Janco Associates, noted that job seekers in the IT sector are finding employment opportunities more quickly than expected as organizations rush to fill vacant positions. He predicts this trend will continue in the coming months.
Janco’s analysis revealed that the unemployment rate for IT workers dropped to 3.8% in September from 6% in August. This rate is now lower than the national average unemployment rate of 4.1%, according to Janco’s findings.
While Janco’s data shows a substantial decrease in IT unemployment rates over time compared to other reports, organizations like CompTIA reported a decline from 3.4% to 2.5% between August and September—a noteworthy reduction despite differing figures.
2024-10-22 11:15:02
Original source: www.computerworld.com