November 10, 2023
IT employment within the US edged down by 3,700 jobs in October from September to a complete of 5.3 million, based on an evaluation by TechServe Alliance, a commerce affiliation representing the expertise and engineering staffing and options trade.
On a year-over-year foundation, the variety of IT jobs contracted by 101,200.
“After steeper declines in IT employment in the course of the second half of final yr by means of the primary half of this yr, employment ranges have been primarily ‘working in place’ for the final six months,” TechServe Alliance CEO Mark Roberts mentioned in a press assertion.
Whereas hiring has slowed as many employers proceed to attend for the recession “shoe” to drop, the expertise provide remains to be tight in high-demand talent units, based on Roberts.
“Paradoxically, we’ve got softer demand, however IT unemployment in Q3 stood at just one.94% — effectively under full employment. It stays a bizarre market,” he mentioned.
The TechServe Alliance additionally reported engineering employment fell by 2,900 jobs in October from September to a complete of roughly 2.8 million jobs. Nevertheless, engineering employment remains to be up by 50,100 jobs on a year-over-year foundation.
