IT Employment

IT employment rate rising


While the rest of U.S. employment picture seems to be bad and getting worse (the current unemployment rate is 5.0), the IT employment picture looks pretty rosy. According to an article in CIO Insight, joblessness among American IT workers (2.1 percent last year) the was the lowest since 2000.

More interesting info from CIO Insight:

In 2007, according to our analysis, 3,758,000 workers in the U.S. held IT jobs; another 79,000 people who consider themselves business-technology professionals were unemployed. IT employment grew 8.5 percent last year. By this calculation, IT managers and staffers represent nearly 2.6 percent of employed U.S. workers in 2007. oOverall job growth in 2007 eked forward 1.1 percent, compared with the 8.5 percent gain within the IT ranks.

About

Toni Bowers is Managing Editor of TechRepublic and is the award-winning blogger of the Career Management blog. She has edited newsletters, books, and web sites pertaining to software, IT career, and IT management issues.

3 comments
Dr Dij
Dr Dij

to put a stop to this boom in IT employment from employing actual citizens of the US. While H1-B visas are booming, even more are L1 visas which allows companies to move employees who have been working for them for a few months to transfer to the US to work in their US offices. The biggest users of course are the outsourcing companies.

MadestroITSolutions
MadestroITSolutions

I mean, I would imagine it costs them more money to bring someone to the U.S. from countries where the basic salary is 1/5 that of the U.S. On the other hand, given the decline of the dollar, there could be a situation where they actually get paid less here....

RickTech
RickTech

Outsourced still in India. Until multi-national corporations such as Cognizant stop deluding the world that they are doing society such a great favor by employing workers oversees in 3rd world countries who are barely surviving on wages nothing will change within IT employment. Jobs lost after Y2K was thought not to be an issue to companies have ended up costing these organizations more then originally bargained. When work fails QA due to substandard metrics used to check the validity of the data it forces companies to spend more time and money to correct errors uncovered once the work comes back to the US. What could have done correctly in this country ends up costing these organizations instead of saving from outsourcing abroad. IT professionals losing jobs to overseas outsourcing can no longer afford to buy goods and services due to loss of their income. Money which is leaving the US, going abroad to companies in India who pay foreign workers what would be considered substandard pay in the US. These dollars never make their way back into our economy as commerce from foreign employment and their work is found in the long run substandard compared to what once was done by IT professionals here in the United States.