Based upon the latest unemployment numbers from the Bureau of Labor Statistics, which showed fewer job losses in May, the labor market is slowly stabilizing. Yet many laid off tech workers have yet to find new jobs, perhaps because some IT positions have been more resilient than others during this recession.
An analysis of the IT employment trends for April and May was recently released by Foote Partners LLC. Although CEO David Foote notes some of May's job losses undoubtedly include technology professionals, other tech jobs have remained stable: "Clearly, job security is more about where you work in IT, not if you work in IT," he says.
Here's a summary of the numbers behind Foote's conclusion:
(It's) important to note the continuing counter trending evident in bellwether IT job segments like technical consulting services, which actually added 2,300 jobs in April and May instead of the other way around. Also communications equipment jobs, which fall under the employment category Computer and Electronics Products. This segment has had a net increase of 200 jobs over the last three months.
Not so lucky were tech workers in the computer systems design and related services jobs segment, which lost 2,800 jobs last month, and the data processing and hosting services segment, with 3,500 fewer jobs. "The latter category was substantially worse than April's loss of 900 jobs," Foote observes.
But I think the more positive story is that the recession has had minimal impact on demand for IT skills and jobs in the areas such as architecture, project management, business process, security, communications, several ERP and infrastructure specializations.
-- Leslie Stevens-Huffman