IT Jobs Decline in November, But Demand for Tech Talent Remains Strong: TechServe Alliance

The number of IT jobs in the US declined in November compared to October, according to an analysis by the TechServe Alliance, a trade association of the technology staffing and solutions industry.

IT jobs declined 0.12% in November from October. On a year-over-year basis, the number of IT jobs was down 0.35% or 18,900 jobs.

IT jobs totaled approximately 5.39 million in November.

“While layoffs among some high-profile tech companies have been in the news, demand for talent for technology professionals overall remains very strong,” said TechServe Alliance CEO Mark Roberts. “When one sector of the economy reduces its workforce, high-demand skill sets are redeployed to other industries.”

Roberts noted that with an IT unemployment rate of just 2.3% as of the end of the third quarter, most qualified candidates continue to receive multiple job offers with escalating wage growth.

“It remains a candidates’ market,” Roberts said.

The TechServe Alliance, however, reported the engineering sector showed a year-over-year job growth rate of 3.56% in November, representing 94,400 jobs to a total of 2.75 million engineering workers.

Original Article: (https://www2.staffingindustry.com/Editorial/Daily-News/IT-jobs-decline-in-November-but-demand-for-tech-talent-remains-strong-TechServe-Alliance-63948)