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IT Jobs Kick Off New Year Ticking Down
Alexandria, VA, February 26, 2020 – In January, IT employment ticked down 0.01% to
5,351,300 jobs, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions industry. On a year-over-year basis, IT employment grew by only 0.08% since January 2019 adding a mere 4,500 IT workers.
Engineering employment increased by 0.04 percent sequentially to 2,670,400. On a year over-year basis, growth in engineering employment increased by 1.46% since January 2019 or 38,500 engineering workers.
“IT employment growth is anemic, Even without factoring in global and domestic political uncertainty and the potential economic impact of the coronavirus, the ongoing talent shortage and restrictive immigration policies do not foster an environment conducive to meaningful IT job creation. Unfortunately, we do not see downward pressure on IT job growth abating in the foreseeable future,” added an industry insider.
Talent Shortages, Recession Concerns Top CEOs’ 2020 Worries
Company heads and C-suite executives cited attracting and retaining talent and a possible recession as their top internal and external concerns, respectively, in 2020, according to a recent global survey from The Conference Board.
8 Hiring Trends for 2020
With the anticipation of not only a new year but a new decade, the most strategic of companies are seeking ways to remain competitive in an ever-changing workforce.