How many jobs are available in technology in the US?

Tech sector employment fell by 11,184 positions in February, a modest reduction of 0.2% of the total tech industry workforce of more than 5.5 million.

Unemployment in the tech sector also jumped from 1.5% in January to 2.2%, in February, according to data released today by the Bureau of Labor Statistics (BLS) and CompTIA, a nonprofit association for the IT industry and workforce.

The unemployment rate for tech occupations is still below the national rate of 3.6%, which saw a .1% increase from January.

The number of technology occupations in all industries declined by .6% or 38,000 positions, according to CompTIA’s report. Tech occupations in the US economy still total more than 6.4 million workers. Among all tech industries, tech manufacturing added a net new 2,800 jobs, the fifth consecutive month of positive gains.

Employer job postings for tech positions also declined by about 40,000, to just over 229,000 in February. Most metropolitan markets experienced fallbacks from January to February, with a few exceptions, according to CompTIA.

“As expected, the lag in labor market data means prior layoffs announcements are now appearing in BLS reporting,” said Tim Herbert, chief research officer for  CompTIA. “Context is critical. The recent pullback represents a relatively small fraction of the massive tech workforce. The long-term outlook remains unchanged with demand for tech talent powering employment gains across the economy.”

While there have been hundreds of highly publicized layoffs among tech companies, the vast majority of employees being fired are not in IT positions, according to industry analysts. In fact, there remains a dearth in tech talent to fill more than 145,000 IT job openings. 

IT consultancy Janco Associates offered a somewhat more pessimistic view of the IT job market.

“Layoffs, for the most part, did not hit developers. Rather they were focused on data center operations, administrative and HR roles related to recruiting, and DEI (diversity, equity, and inclusion). Some roles, especially in telecommunications and data center operations are being automated and eliminated," Janco CEO Victor Janulaitis said in a statement. "Driving this is CIOs and CFOs who are looking to improve the productivity of IT by automating processes and reporting where possible. They are focusing on eliminating non-essential managers and staff. They will continue to hire coders and developers."

The highest demand, Janulaitis said, continues to be for security professionals, programmers, and blockchain processing IT professionals. Other industry research shows data analysts and AI professionals are also in high demand. 

“The general belief there will be an economic downturn is high for many CIOs and CFOs. This is impacting all decisions around hiring new IP pros and increasing technology-related expenditures," Janulaitis said.

In 2022, 267,000 new jobs were added to the IT market. Those new jobs were in addition to the 213,000 jobs created in 2021.

In 2023, while there are more jobs being added, that number is declining. In January, for example, for the first time in 25 months, there was a net loss in the number of jobs in the IT Job Market. That trend is continuing, Janco said. In the first two months of 2023, the IT job market shrank by 44,900 jobs.

"CIOs and CFOs have started to slow the rate of creating new IT jobs and hiring IT professionals," Janco said in its report. "The three month moving average for IT job market growth trend for IT professionals shows a significant downward trend. Inflation and recessionary trends are driving this."

Layoffs and economic uncertainty drove CIOs and CFOs to slow IT hiring in February, according to Janulaitis.

"Layoffs at big tech companies are having an adverse on overall IT hiring. More CIOs are looking at a troubling economic climate and are evaluating the need for increased headcounts based on the technological requirements of their specific business operations,"Janulaitis said.

The growth of the IT job market stopped with a decline of 10,000 jobs in January and 13,400 jobs in February, according to Janco. That was the first loss in the number of IT Pros employed in over 27 months. The three-month moving average of IT job market growth went negative with a trend line that shows a further decay in IT job market growth."

Overall US employment rose by 311,000 jobs in February, the Bureau of Labor Statistics (BLS) said. That was vastly higher than the 225,000 jobs predicted by economists polled by the Wall Street Journal. In January, about half a million jobs were added, according to BLS data.

The number of people quitting jobs (3.9 million) decreased, in February, while layoffs and other firings (1.7 million) increased. Even with the unemployment rate ticking up slightly, are still nearly two jobs (10.8 million) for every unemployed worker (5.9 million), according to a BLS data. In 2022, the annual average number of job openings was 11.2 million.

Last month, U.S. consumer spending also rose to its highest level in over nearly two years.

Across all industries, the number of people who were without jobs for a short period of time (less than 5 weeks) increased by 343,000 to 2.3 million in February, offsetting a decrease in the prior month. The number of long-term unemployed (those jobless for 27 weeks or more), changed little in February and accounted for 17.6% of the total unemployed or 1.1 million people.

Job postings for technology positions rose the most in scientific and tech services industry sector (35,257), finance and insurance (24,735) and manufacturing (20,246).

Overall, in the US job market, the average hourly earnings grew 4.6% year-over-year, which was down from last year but above the pre-pandemic pace, BLS data showed.

The ongoing tech talent shortage also lifted IT salaries, but future pay increases will be less than expected, according to Janco Associates.

On average, IT salaries rose by 5.61% in 2022 and were expected to increase by as much as 8% this year, according to earlier reports by Janco. 

"Many CIOs' 2023 IT budgets planned to increase salaries for IT pros to address the inflationary pressures faced by employees are now being reviewed," Janulaitis said. "Given these facts, we believe that median salaries for IT pros in 2023 will be 3% to 4% salary above 2022 levels, not the 7% to 8% that was budgeted.” 

The mean compensation for all IT pros in 2023 is now $101,323; for IT pros in large enterprises it tops $102,000; and for executives it averages $180,000.

"Companies that do not live up to employees’ expectations may find that even if they are able to get candidates in the door, those candidates leave as soon as a better offer comes along," Gartner Research analyst Mbula Schoen wrote in a Q&A post this week.. "Additionally, there are increasingly opportunities for IT jobs outside traditional tech companies, so it’s important to look beyond just the tech provider community to truly grasp the state of the tech talent crunch.”

January 2022

The unemployment rate in the technology job market decreased for the second month in a row, dropping to 1.5% in January from 1.8% in December.

Even with the marked drop in unemployment, it was a mixed bag for the technology marketplace, after the U.S. Bureau of Labor Statistics (BLS) issued its January jobs report on Friday. There was a decline in current employment and an increase in employer job postings for potential future hiring, according to CompTIA, a nonprofit association for the IT industry and workforce.

While the overall US unemployment rate dropped to a figure not seen since 1969 (to 3.4%, from 3.5% a month earlier), the number of technology workers hired in January fell into negative territory for the first time in more than two years. Technology occupations throughout the economy declined by 32,000 for the month, representing a reduction of -0.5%, according to CompTIA. Technology companies also shed 2,489 positions in January, according to CompTIA.

Overall, however, the US added 517,000 jobs in January, according to BLS numbers.

The BLS also said on Friday it had significantly revised its November data, describing it as a “major revision reflecting content and coding changes.”

In November 2022, the BLS indicated U.S. technology companies added approximately 2,500 net new jobs versus the mistakenly reported decrease of 151,900 jobs in earlier reporting.

“The change materially affects the sub-sector of tech companies providing search and platform services, while the revisions were a net positive for sub-sectors such as IT services and data,” CompTIA said.

ComTIA also uses employer online job posting data to predict the number of job postings for future tech hiring, and that number reversed last month’s dip and increased by 22,408 to 268,898 for 2023.

The fact that the unemployment rate in the tech market still dropped in January indicates many laid off workers were re-hired and absorbed back into the labor market, according to CompTIA. The tech unemployment rate is also an indication that many of the layoffs occurring within technology organizations are non-technical workers, such as sales, marketing or related business support positions.

Among industries, the highest volumes of job postings for tech positions were reported in the professional, scientific and technical services (40,712), finance and insurance (30,576) and manufacturing (24,269) sectors.

“Despite the unusual backward revision by the BLS and the routine fluctuations in monthly labor market data, much of the big picture tech employment picture remains the same,” Tim Herbert, chief research officer at CompTIA said in a statement. “Undoubtedly, some companies over- hired and are now scaling back. The low tech unemployment rate and steady hiring activity by employers confirms the long-term demand for tech talent across many sectors of the economy.”

While tech companies shed employees over the past few months in highly publicized reports, overall, 2022 saw an increase of about 264,500 new jobs to the IT job Market, according to IT industry consultancy Janco Associates.  Those new jobs were in addition to the 213,000 jobs created in 2021. 

In January, the growth of the IT job market stopped with a decline of 4,700 jobs.  That was the first loss in over 27 months, according to Janco. The three-month moving average of IT job market growth went negative with a trend line that shows a further decay in IT job market growth. At the same time, there is an excess of 109,000 unfilled jobs for IT Pros due to a lack of qualified candidates.

A lack of qualified candidates has lead to increased demand for tech workers raising overall salaries for all IT positions by 5.6%, with small-and-medium-sized businesses seeing an average increase of 7.74% increase, with their median compensation increasing to $100,434 as reported in Janco’s 2023 IT Salary Survey.

U.S.-based employers announced 102,943 cuts in January, a 136% increase from the 43,651 cuts announced in December, according to global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc. That's 440% higher than the 19,064 cuts announced in the same month in 2022, according to Challenger, Gray & Christmas's report. Forty-one percent of January’s job cuts were in tech.

Yet demand for those to fill jobs requiring tech skills is rising.

"That’s a ton of expertise missing from an industry that needs the brightest to get brighter," said Vince Padua, CTO at Axway, a tech company that sells an API management platform.

And it’s going to get worse, he added, as 86% IT leaders expect an expertise gap increase in coming years.

“As cloud computing, AI and microservices are developed and adopted, the skills required to support them constantly evolve," Padua said. "Companies need more employees with the right skills and experience – plus IT infrastructure and enterprise software experts with specialized skills in cybersecurity, data analytics and cloud architecture."

IT jobs took the top spot in a list of the 25 best jobs in the US, according to online job site Indeed. The top job slot went to full stack developer, which offers a median annual salary of $130,000 and allows for a mostly remote or hybrid workplace..

Eight tech jobs were among the top 10 positions on Indeed’s list this year; that compares with just two tech jobs in the top 10 on last year’s list. In 2022, tech jobs were moving down the top jobs list; now, a year later, tech jobs are surging upward. This year, 11 of the top 25 jobs, or 44%, were tech positions. By comparison, in 2022, just 25% of the top 25 jobs were tech-related.

“Based on our analysis, the IT job market and opportunities for IT professionals are there but not in as broad in scope as in 2022. Layoffs, for the most part, did not hit developers.  Rather they were focused on data center operations, administrative and HR roles related to recruiting, and DEI (diversity, equity, and inclusion),” said Janco CEO Victor Janulaitis.

Some roles, especially in telecommunications and data center operations are being automated and eliminated, Janulaitis noted, but those operations will continue to hire coders and developers.

The highest demand continues to be for security professionals, programmers, and blockchain processing IT professionals, according to Janco. Currently, there are over 109,000 unfilled jobs in the IT job market -- a drop from 216,000 in November.

Janulaitis blamed continued concern over a possible recession as one reason organizations are eliminating jobs.

“More CIOs are looking at a troubling economic climate and are evaluating the need for increased headcounts based on the technological requirements of their specific business operations,” Janulaitis said.

According to the latest BLS data analyzed by Janco, there are now just over 4.2 million jobs for IT Professionals in the US., and layoffs at big tech companies are having an adverse on overall IT hiring.

“The possibility of the economic downturn is very likely and is impacting all decisions that increase technology-related expenditures. Work from home is being minimized as companies are requiring employees to be in the office at least 3 to 4 days a week,” Janulaitis said. “Mid-level managers are now having to justify most positions where the IT Pro is not working in the office.  Companies that are forced to hire replacements, do so with the caveat that payroll costs remain flat. “

The 2023 IT budgets increased salaries for IT pros to address inflationary pressures faced by employees.  Those are now being reviewed. Given those facts, Janco believes that median salaries for IT Pros in 2023 will be 3-4% salary above 2022 levels, not the 7% to 8% that was budgeted at the end of 2022.

“With this as a background, Janco has just revised downward its forecast for the growth of the IT Job Market in 2023 to just over 160,000 from 174,000 new jobs,” Janulaitis said. “That will be less growth than in 2021 and 2022 but still at high levels.”

December 2022

Even as some high-profile layoffs have lead the news over the past few months, the US added 223,000 jobs in December, including 17,600 positions at tech companies, according to the US Bureau of Labor Statistics (BLS) and other research.

Technology job gains were recorded in four of five sector categories. It’s the 25th straight month of net employment growth in the tech industry, according to a report by CompTIA, a nonprofit association for the IT industry and workforce.

The overall US unemployment rate dropped from 3.7% in November 2022 to 3.5% in December, according to BLS data. In the technology sector, the unemployment rate dropped from 2% in November to 1.8% in December, according to CompTIA.

“Another wave of positive tech employment data speaks to the many moving parts of a complex labor market,” Tim Herbert, chief research officer at CompTIA, said in a statement. “Despite the layoffs there continues to be more employers hiring tech talent than shedding it.”

CompTIA’s analysis also showed that 30% of all tech jobs postings are for positions in emerging technologies, such as artificial intelligence, or in roles requiring emerging tech skills.

Within the tech sector, three occupation categories lead December hiring: IT services and custom software development (+7,200 jobs), other information services, including search engines (+6,600 jobs) and data processing, hosting and related services (+5,600 jobs).

The positive news was countered by a second consecutive month of lower employer job postings for future tech hiring. Future tech hiring is one metric CompTIA uses to predict how many job openings will be available over the next year. Future tech hiring declined for the second consecutive month, but still totaled more than 246,000 in December, down from 270,000 in November, 2022.

Also, the organization cautioned, recent layoff announcements by technology companies may not show up immediately in government reports, such as today’s BLS “employment situation” report, a CompTIA spokesperson said.

In spite of that, in the first quarter of 2023, the IT industry will lead all others in hirings, according to a new report from global staffing firm ManpowerGroup.

While companies are expected to hire fewer technology workers this quarter than the previous one (6% less) or even Q1, 2022 (14% less), ManpowerGroup’s survey of just under 39,000 employers in 41 countries revealed overall there will be a 23% increase in hiring.

When considering how staffing levels will change during the first quarter, employers in 39 of 41 countries and territories surveyed anticipate a net positive hiring outlook, the report stated.

Organizations in the IT industry reported the most optimistic outlook for Q1, 2023 with an expected 35% increase in hiring; that was followed by Financials & Real Estate (28%), and Energy & Utilities (+26%).​

Geographically, North American organizations expect to increase hiring by 31%; US organizations expect a 29% increase in hiring and Canadian organizations expect at 34% increase. Large organizations with more than 250 are more than twice as optimistic as small businesses (with less than 10 employees) to hire in the coming quarter with outlooks of 29% and 13%, respectively.

Wanting to hire is one thing and actually being able to find tech talent is another. Currently, there is a dearth of tech talent available.

Despite strong optimism to hire, the industry faces a talent shortage where 76% of IT industry employers report difficulty finding the hard and soft skills needed, according to ManpowerGroup’s survey.

“This recovery is unlike any we have ever seen [and] demand for skills is at record highs in many markets, and unemployment levels remain high while workforce participation stagnates,” the report said.

Because of the lack of available talent, the lead time for filling an open IT position is now several months, according to a new report by business consultancy Janco Associates.

“If the position to be filled is a replacement for some who has left the enterprise, training time has to be factored in. This is just one of the issues faced by CIOs,” Janco stated in its 2023 IT Salary Survey, which included interviews more than 142 CIOs, CFOs, and HR professionals to identify key CIO staffing Issues

Organizations have addressed hiring challenges by removing college degree requirements from job postings and by creating apprenticeship programs to train new candidates.

“With the limited labor supply of IT professionals, every hiring mistake is magnified,” Janco’s report stated.

In Janco’s review of hiring failures based on survey responses, it found two factors that stood out over others. Interpersonal issues associated with these failures (29%) and poor corporate culture fit (28%) with the others. Those issues, Janco argued, can mostly be filtered out during the recruiting and interviewing process.

November 2022

For two straight years, the technology sector has added jobs every month.

In November, US tech companies added 14,400 workers, and tech jobs in all industry sectors grew by 137,000 positions, according to a new report from CompTIA

While the needle on overall US unemployment remained unchanged in November at 3.7%, for the technology sector it dropped to 2% from 2.2% in October, according to Bureau of Labor Statistics figures compiled by CompTIA, a nonprofit association for the IT industry and workforce.

So far this year, tech industry jobs grew by 207,000 positions, according to BLS data.

“The hotter-than-anticipated tech jobs report confirms there are still many more employers hiring tech talent than shedding it,” said Tim Herbert, CompTIA’s chief research officer. “It’s certainly premature to dismiss concerns over the health of the economy, but this should be a reassuring sign for the tech workforce.”

The growth in the tech sector belies an economy beset by high inflation and what many still believe is an impending recession. And although inflation slowed to 7.7%, it is still well over the 2% target set by policymakers at the Federal Reserve Bank.

In November, nearly a dozen big name companies announced layoffs — some in the thousands, including Amazon, Cisco and HP. But experts believe the targeted layoffs, which have been ongoing over the past three months, are mostly a result of poor hiring strategies.

Due to a dearth of tech talent over the past two years, companies rushed to hire, bringing in a raft of tech workers with seven to 10 years' experience and highly specialized skills.

On top of that, the companies tended to pay two to three times more than what they would have for someone with less experience but with the right education, aptitude, and attitude to be part of a sustainable workforce, according to Tony Lysak, CEO of The Software Institute, which offers IT consulting and education services.

“We need them, and can’t get them, so let’s pay more,” said Lysak, summing up how many companies have approached hiring during the past two years.

According to IT employment consultancy Janco Associates, the latest BLS data shows there are now just shy of four million jobs for IT professionals in the US. Janco sees this trend of IT jobs increases continuing but at a slower pace in the future. Layoffs will continue as companies seek to improve productivity levels.

“Based on our analysis, the IT job market and opportunities for IT professionals will continue to be positive but not as broad in scope as in the first three quarters of this calendar year," Janco CEO Victor Janulaitis said in a statement. “CIOs and CFOs are looking to improve the productivity of IT. They are focusing on eliminating 'non-essential' managers and staff. They will continue to hire coders and developers. The highest demand continues to be for programmers, blockchain processing, and security professionals. There still are over 200K unfilled jobs in the IT job market.”

IT salaries for existing IT staff and middle managers increased by just under 3% while new hires were paid 5% to 6% more than existing staff, according to Janco's Mid Year 2022 IT Salary Survey. “In conversation with several CIOs, we observed that starting pay rates for new hires were in the 8% to 10% range a few months back, but this is not the case currently,” Janulaitis said.

November hiring by technology companies was broad-based across occupation categories, led by IT services and custom software development (+8,100). Employment growth also occurred in data processing, hosting and related services (+4,100), other information services, including search engines (+2,100), and computer and electronic products manufacturing (+1,900).

Employer job postings for future tech hiring fell back in November, but still totaled nearly 270,000. Openings for software developers and engineers accounted for about 28% of all tech jobs postings. Demand for IT support specialists, systems engineers, IT project managers, and network engineers was also solid.

While major tech hubs recorded the largest numbers of job postings for tech positions, ‘under the radar’ markets showed notable increases in employment opportunities, including Topeka, Kan.; Virginia Beach, Va.; Worcester, Mass.; and Riverside, Calif. Among industries, the professional, scientific, and technical services sector had the most tech job postings (41,188), followed by finance and insurance (35,132) and manufacturing (31,036).

CompTIA’s analysis also showed 30% of all tech jobs postings are for positions in emerging technologies, such as artificial intelligence, or in roles that require emerging tech skills.

Janco's report also shows corporate executives are challenged by inflation and the economic downturn. Those executives are reluctant to hire replacement employees at salaries that are significantly higher than those who left as part of the Great Resignation. In their 2023 salary budgets for IT pros, "CIOs are trying to address the inflationary pressures faced by employees. We believe that starting salaries for IT Pros in 2023 will be 6% to 7% salary above existing levels," Janulaitis said.

October 2022

Tech firms in October hired between 15,300 and 20,700 workers (depending on who's doing the counting), marking roughly two straight years of hiring growth in the industry, according to two new employment reports.

So far this year, tech industry employment has increased by 193,900 jobs, 28% higher than the same period in 2021, according to a jobs report from CompTIA, a nonprofit association for the IT industry and workforce. 

In contrast, technology job postings by tech and non-tech companies had been on a five-month downward slide until last month. Tech workers employed throughout the economy, regardless of industry, declined by 116,000 last month, according to CompTIA. CompTIA's report is based on the latest US Bureau of Labor Statistics (BLS) data.

“The data is roughly in line with expectations,” Tim Herbert, chief research officer at CompTIA, said in a statement. “Tech hiring activity remains steady, but there are undoubtedly concerns of a slowing economy.”

In October, the number of tech workers employed throughout all industries grew by 10,000 over the previous month, according to CompTIA.

Most of the issues affecting the economy are due to supply chain problems, according to Victor Janulaitis, CEO of Janco Associates, which also released its IT jobs report on Friday.

“If China opens up and supply chains will improve, that should lessen the recessionary pressures that are driving the tech giants to reduce staff,” Janulaitis said in a statement. "Also, the results of the election in the US will provide an opportunity to improve the economic climate."

Tech job postings reflect the total of “help wanted” ads companies listed last month. There were 317,000 such postings in October, according to CompTIA. It was the first time since April 2022 that the number of job postings increased over the prior month.

CompTIA also noted that tech manufacturing employment is up 43% compared to the same period last year.

While the tech industry unemployment rate ticked up slightly to 2.2% in October from 2.1% in September, it remained well below the overall US unemployment rate, according to CompTIA’s report. The overall US unemployment rate also ticked up to 3.7% in October.

CompTIA’s jobs report differs somewhat from Janco Associates's figures. Janco reported 15,300 new hires by tech companies in October; that compares to 13,700 job listings added by the tech industry the previous month.

There are now a total of 3.98 million jobs for IT professionals in the US, according to the BLS data analyzed by Janco.

“Based on our analysis, the IT job market and opportunities for IT professionals will continue to be positive, but not as broad in scope as in the first three quarters of 2022,” Janulaitis said in a statement. “CIOs and CFOs are looking to improve the productivity of IT.  That means they are focusing on eliminating “non-essential” managers and staff. They will continue to hire coders and developers.”

The highest demand in IT will be for programmers, blockchain processing, and security professionals, according to Janulaitis. Much of the hiring will be limited to filling positions that have been approved and are unfilled — not staff expansion.

Within the tech industry, the bulk of new hiring occurred in three sector categories, according to CompTIA:

• IT services and custom software development (+8,800)
• Other information services, including search engines (+6,800)
• Computer and electronic products manufacturing (+5,400)

In Janco’s mid-year 2022 IT Salary Survey, it found IT salaries for existing IT staff and middle managers increased by just under 3%, while new hires were paid 5% to 6% more than existing staff.  “In conversation with several CIOs, we observed that starting pay rates for new hires were in the 8%-10% range a few months back, but this is not the case currently,” Janulaitis said.

The disparity in pay between veteran IT workers and new hires is a point of contention and has likely led to some problems in worker motivation, according to Sinem Buber, lead economist with ZipRecruiter. When new employees are hired, they often come in with pay and benefits equal to or better than veteran employees. Even as companies have raised wages, it’s often across the board, ignoring seniority.

“So, the link between hard work and raises is broken,” Buber said.

Remote work hiring trends on the upswing

Remote work shows no signs of slowing down, according to CompTIA. Employer job postings for tech positions that specify remote work or work-from-home options continue to increase, with a year-to-date rate of 34% compared to 27% in 2021, and 22% in 2020.

Major tech hubs saw significant month-over-month increases in tech jobs postings, including Boston (+2,732), New York City (+1,459), San Francisco (+884) and San Jose (+864). The top industries for tech job postings were professional, scientific, and technical services (50,688); finance and insurance (35,500); and manufacturing (34,488), according to CompTIA.

Positions for software developers and engineers led the October job postings (85,796). “There is also strong demand for IT support specialists, IT project managers, systems engineers and network engineers,” CompTIA said.

September 2022: Janco analysis

IT job growth has continued each month for over a year, and in the last 12 months 202,800 jobs have been added, according to the latest US Bureau of Labor data, which was analyzed by IT consultancy Janco Associates.

At the same time, CIOs and CFOs have started to slow the rate at which they’re creating new IT jobs and hiring due to inflation and recession fears, according to Janco’s latest report.

“Based on our analysis, the IT job market and opportunities for IT professionals will continue to be positive, but not as broad in scope as in the first nine months of 2022,” said M. Victor Janulaitis, CEO of Janco Associates. “CIOs are still posturing to hire staff and expand technologies to address blockchain processing and security applications based on market conditions. However, most hiring will be limited to filling positions open due to attrition, not staff expansion.”

U.S. tech firms added workers for the 22nd consecutive month, and companies across the economy hired an estimated 84,000 new tech workers in September, according to the latest Tech Jobs Report from CompTIA.

Job postings for new hiring were down 12% from August, but still totaled just over 300,000. Positions in software development and engineering, tech support, tech project management, systems engineering, and network engineering were in highest demand, according to CompTIA.

About 30% of all postings were for positions in emerging technologies or in jobs that require emerging tech skills. Positions that offer remote work or work from home as an option surpassed 109,000.

Another new report by UK-based job search engine Hired showed that, unlike 2021, when companies were hiring faster than in years prior, the overall time to hire job seekers in 2022 slowed across the US, UK, and Canada. UK companies are now taking 68 days on average to fill open positions. US companies aren’t moving much faster, taking 60 days (up from 52 days in 2021). In Canada, it’s now 54 days. (Remote roles took 40 days to fill – that's slower than in 2021, but the shortest time to hire overall, Hired said.

“Why? It’s not clear yet," Hired said in its report. "Are jobseekers taking longer to evaluate opportunities? Or are employers moving candidates through the funnel more carefully? While this indicates an increase in the time to fill roles, it doesn’t equal an overall slowdown in tech hiring."

Data from Hired indicates employers offering remote roles have a hiring edge over those requiring hybrid or on-site jobs. Since June 2021, candidates showed a preference for remote-only roles.

In January, 18% of active jobseekers indicated they only wanted remote roles. By May, preference for "only remote" roles climbed to 31% of all active jobseekers on Hired's platform, and rose another percentage point to 32% in June. By June, 93% of candidates showed a preference for remote or hybrid jobs.

Throughout the year, IT salaries in the US and Canada (except for junior candidates with less than two years of experience) saw significant growth. Mid-level US candidates with four to six years of experience saw the biggest jump from $146,000 to $154,000 between 2021 and 2022. Remote salaries for all candidates, except the most junior, also saw significant growth; on average they jumped by $7,000 to $8,000 from 2021 to 2022.

September 2022: CompTIA analysis

Tech companies added 25,500 workers last month, one of the strongest hiring months so far this year, according to new data from the US Bureau of Labor Statistics (BLS) and industry analysts.

So far this year, employment in the tech industry has increased by 175,700 jobs, 46% ahead of 2021 — and 92% ahead of 2019, according to CompTIA, a nonprofit association for the IT industry and workforce. (The total includes all employees —technical and non-technical — on the payrolls of tech companies.)

“Stability in tech hiring continues to be an over-arching theme this year,” said Tim Herbert, chief research officer at CompTIA. “Despite all the economic noise and pockets of layoffs, aggregate tech hiring remains consistently positive.”

According to the latest BLS data, analyzed by IT consultancy Janco Associates, there are now 3.97 million jobs for IT Professionals in the US. For 24 months in a row, there has been an increase in the number of jobs added to the IT job market. Janco sees this trend continuing, according to its latest report released Friday.

The unemployment rate for tech occupations rose to 2.3% in August from 1.7% in July, according to CompTIA. There are likely two reasons for it jump: the overall US unemployment rate increased, as well, and some large tech firms announced layoffs, Herbert noted.

“The other component is we’ve seen a rebound in consumer confidence and worker confidence,” Herbert said. “So, it can also be attributed to tech workers feeling a renewed sense of confidence, and so they’ve quit their job and they’re looking for new opportunities. That was far more prominent earlier this year and last year with the 'Great Resignation.'”

The number of workers quitting their jobs remained above 4 million in August, according to BLS data. Since June 2021, more than 4 million people have quit every month, according to BLS data, giving rise to the trend known as the Great Resignation. The trend reflects a deep dissatisfaction by many workers with their employment situations. The ongoing global pandemic pushed workers to rethink their careers, work/life balance, long-term goals, and working conditions.

Overall employer job postings for tech positions eased in August to just under 320,000 from 372,000 in July, with 31% of jobs posted last month for positions in emerging technologies, such as artificial intelligence, machine learning and IoT, or in roles that require emerging tech skills, such as data analytics and automation software.

“A lot of the technology is mature enough now that a lot of positions are implementing automation solutions, robotic process automation,” Herbert said. “Next-generation roles include cybersecurity, and broad categories of automation, so, marketing automation and HR automation.”

From January through August 2022, tech job postings where employers specify remote work or work from home as an option were up 56% over last year —and up 281% from the pre-pandemic year of 2019, according to CompTIA.

“The one thing that jumped out at me, to no surprise, was the trend toward remote work that I think is now in a semi-permanent state,” Herbert said.

The increase in remote employment was highlighted by the leap in tech job postings in states such as Wyoming, Montana and Alaska, Herbert said.

Even as hiring was up, the number of job openings dropped, indicating the pace of new job vacancies could be slowing, according to Janco Associates. Its data is based on the latest BLS statistics.

There is some slowing in hiring as fears of a significant downturn or recession are on the horizon, Janco's report stated.

“CIOs and CFOs now are more cautious than they were in the first quarter.  CIOs do not have a clear understanding of how a downturn will impact their bottom line.  Most still are hiring but at a slower pace,"Janco CEO M. Victor Janulaitis wrote in the report. "Some companies have stopped hiring and started laying off employees."

"With all that, the IT job market remains tight with an average of 200,000 IT professionals jobs that are not filled due to a lack of qualified candidates," Janulaitis continued. "The number of unfilled IT jobs has peaked from over 260,000 in April to 210,000 in July. That should still be enough of a buffer to keep hiring of IT pros on a positive track.”

Janulaitis also said new IT hires are on average receiving salaries that are 5% to 6% above pay for existing positions -- and in some cases as much as 10% higher; The higher starting pay is needed to attract the best IT candidates. That salary disparity, however, is driving dissatisfaction and an increase in attrition rate among existing employees, according to Janulaitis.

"The challenge CIOs face will be how to keep the balance between the existing budget, providing salary increases to existing employees that address inflation and higher commuting costs, and having sufficient resources available to achieve the enterprise’s technology and bottom line objectives," Janulaitis said.

The BLS doesn't track tech industry jobs directly. Instead, the agency uses the "information sector" as a proxy for tech employment because there are tech jobs in most industries, and therefore technology is not an industry in and of itself.

The nation’s unemployment rate rose from 3.5% to 3.7% in August, with the number of unemployed rising by 344,000 to 6 million. 

Overall, the US economy added 315,000 jobs in August, which was more than economists had predicted, but still far less than the 526,000 positions added in July – a record month for jobs.

Professional and business services added 68,000 jobs in August, according to the BLS. Within the industry, computer systems design and related services added 14,000 positions; management and technical consulting services grew by 13,000; and scientific research and development services increased by 6,000. Over the past 12 months, professional and business services has added 1.1 million jobs, according to the BLS.

“CIOs and CFOs now are more cautious than they were in the first quarter. CIOs do not have a clear understanding of how a downturn will impact their bottom line,” Victor Janulaitis, CEO of Janco Associates said in a report last week. “Most still are hiring, but at a slower pace. Some companies have stopped hiring and started laying off employees.”

With all that, the IT job market remains tight, with an average of 200,000 IT professional jobs that are not filled due to a lack of qualified candidates, according to Janulaitis. If there is a major recession, many companies will choose not to fill those new open positions.

“That should be enough of a buffer to keep the hiring of IT pros on a positive track,” he said.

August 2022

Despite a number of sizeable layoffs at high-profile companies in recent months, the tech sector continued to lead all others in low unemployment rates in July, according to a new report from CompTIA, a nonprofit association for the IT industry and workforce.

Tech occupations across all industry sectors increased by an estimated 239,000 positions last month, according to an analysis of US Bureau of Labor Statistics (BLS) data by CompTIA.

Tech industry employment saw a net gain of 12,700 workers, the 20th consecutive month of growth. So far this year, the tech sector has gained 143,700 jobs, an increase of 55% year-over-year, according to CompTIA. The unemployment rate for tech jobs was just 1.7% in July (1.3% for women, 1.8% for men), roughly half the overall US unemployment rate of 3.5%.

Employer job postings for tech positions approached 484,000 in July, a slight decrease from the previous month but still at a near record level. Through the first seven months of 2022, US companies listed approximately 3.1 million jobs postings for tech positions, up 49% compared to 2021.

“The tech jobs market has repeatedly outperformed in the face of real and perceived economic weakness,” Tim Herbert, chief research officer at CompTIA, said in a statement. “The data confirms that for every layoff announcement there are other employers stepping in to take advantage of tech talent hiring opportunities.”

Meanwhile, since June 2021, more than 4 million people have quit their jobs every month, according to BLS data, part of a trend known as the Great Resignation. The trend  reflects a deep dissatisfaction by many workers with their employment situations. The ongoing global pandemic has enabled workers to rethink their careers, work/life balance, long-term goals, and working conditions.

Some of the top reasons workers quit this year are unhappiness with how their employer treated them during the pandemic (19%), low pay or lack of benefits (17%), and a lack of work-life balance (13%), according to a survey by employment listing website Joblist.

The BLS doesn't track tech industry jobs directly. Instead, the agency uses the "information sector" as a proxy for tech employment because there are tech jobs in most industries, and therefore technology is not an industry in of itself. 

Within the tech sector, three occupation categories recorded job growth in July – other information services, including search engines (+6,800); data processing, hosting and related services (+4,100); and computer and electronic products manufacturing (+3,300). Hiring in the IT services and custom software development category was flat, while telecom-related occupations declined (-1,400), according to CompTIA.

About one in five tech job postings in July were for positions requiring two years or less of experience. About half specified three to five years of experience, while 13% sought candidates with nine or more years of experience, CompTIA said.

Many employers, even those in tech industries, are ending college degree requirements for many job openings. Instead, organizations are focusing on the skills, experience, and personality traits of job candidates. The sea change opens up tech jobs to a more diverse pool of candidates.

Software developers and engineers are the most in-demand positions employers are looking to fill — accounting for nearly 148,000 job postings last month. There is also a strong job market for IT support specialists, IT project managers, systems engineers and architects, and network engineers and architects. Positions in emerging technologies or jobs requiring emerging tech skills accounted for one-third of all postings in July.

Faced with a dearth of workforce talent, many tech companies and others are hiring through non-traditional approaches that include coding bootcamps, low-code training, and a focus on population areas outside the norm.

July 2022

Over the past three months, IT job openings for entry-level positions have declined significantly, according to a new report.

Job openings for entry-level tech workers declined from 29,500 in April to 24,000 in May and to 18,400 in June, according to IT employment consultancy Janco Associates.

Janco’s report, which was compiled from US Bureau of Labor Statistics (BLS) and survey data, said the downward trend is the result of several factors — the most critical of which is an increasing belief among C-level executives that we are already or soon will be in a recession.

In creating its May forecast for future IT hiring, Janco found that almost all 217 CIOs it surveyed are planning on:

• Limiting the extension of existing contracts for contract workers and consultants beyond the 3rd quarter of the year.
• Managing the full-time employee headcount to budgeted levels through the end of this year.
• Not replacing departing employees who do not have critical IT skills and/or enterprise-specific operational knowledge.

“In our interviews, we have found that Wall Street has stopped hiring, and a number of job offers for recent IT college graduates have had offers that were extended pulled back,” Janco’s report stated. “The initial indicators from the monthly BLS data for June seem to be reinforcing those findings.”

Janco’s report noted that some organizations have already started the process of layoffs.

• Netflix, PayPal, Getir, Klarna, Bolt, and Carvana instituted layoffs in May.
• Coinbase will cut 1,100 jobs, about 18% of its global workforce.
• Microsoft is slowing down its hiring “to better align its resources.”
• Meta (Facebook) and Twitter have frozen hiring for some departments.

Gartner research shows that just 4% of US companies have started laying off employees, while 7% have frozen hiring and 15% have started to slow down hiring.

Hiring is still robust for experienced IT pros —particularly for certain job titles, including security-related positions and in-demand technology, such as blockchain and e-commerce positions — but entry-level candidates are finding it more difficult to find new jobs, according to Janco.

Overall, the number of open jobs in the US at the end of May was 11.3 million, a drop from 11.7 million in April, according to the BLS's May Job Openings and Labor Turnover Survey (JOLTS) report. Despite the drop in open requisitions, the U.S. added 390,000 jobs in May; The unemployment rate also held at 3.6%, and there were almost two job openings for each unemployed American. The number and rate of workers quitting their jobs remained almost unchanged at 4.3 million and 2.8%, respectively.

The impact of inflation and the potential of a significant downturn is not reflected in the preliminary budgets for 2023. Most CIOs and CFOs are trying to determine what they will do if that downturn occurs, Janco reported.

Janco also publishes a biannual salary survey in January and July. The just-published survey results showed that IT salaries were on the rise in the first six months of 2022. For the first time, median salaries for all IT pros in large enterprises exceeded $100,000.

Midsized companies were offering the greatest salary increases, which averaged north of 4% for IT middle managers and staff. IT executives saw an average 3.04% salary increase this year.

Large enterprises were more miserly, with staff receiving a 3.27% average increase and executives and middle managers earning a 3.47% and 1.20% average boost, respectively.

The unemployment rate for tech occupations fell to a near-record low in May, and employer job postings for tech positions passed 443,000, according to an analysis of the latest labor market data by CompTIA, a nonprofit association for the IT industry and workforce.

“The already tight labor market just became even tighter as competition for tech talent reaches near-record levels,” said Tim Herbert, chief research officer at CompTIA. “For any employer relying on the old hiring playbook, it’s time to rethink approaches to recruiting and retention.”

Employers throughout the US economy are stepping up their search for tech workers and tech companies continue to expand payrolls, according CompTIA. Specifically, tech firms added 75,200 workers through the first four months of 2022.

More than 190,000 new IT jobs will be created in 2022, according to IT employment consultancy Janco Associates. The IT job market now has more than 3.85 million positions in the US, with about 130,000 of those positions unfilled, Janco’s report stated.

Some of the top tech jobs in terms of hiring and pay include software developer/engineer, IT project manager, IT support specialist, systems engineer/architect, and network engineer/architect, according to CompTIA’s jobs report.

Tech workers employed in the cloud space saw some of the greatest salary increases over the past year, according to a new salary survey from O’Reilly Media, an online IT training provider. According to the report, cloud-focused workers are the most sought-after tech talent as a growing number of organizations of all sizes utilize cloud tools and services.

The survey revealed that cloud professionals are paid an average yearly salary of $182,000. Report findings also show the impact of the great reshuffle within the tech sector, with 20% reporting they’ve already changed employers over the last year, and 25% of respondents planning to find new employment with better compensation, raising a question of whether the great reshuffle will continue.

The average salary increase over the past year for cloud workers was 4.3%. The average salary for women, unfortunately, is 7% lower than the average salary for men, the survey also found.

The highest-paid job titles include directors ($235,000) and executives ($231,000), followed by architects, “leads,” and managers ($196,000, $190,000, and $188,000, respectively).

“During the pandemic, we witnessed millions of workers resign from companies in an effort to reconfigure their careers and take deliberate steps toward new job opportunities with higher wages and better alignment between their work and life goals,” said O’Reilly President Laura Baldwin. “With these workers in such demand, we anticipate the great tech exodus to continue unless employers step up with competitive pay, substantial benefits, remote work flexibility, and on-the-job learning and development.”

June 2022

Technology companies added workers for the 18^th consecutive month and employer job postings for tech occupations reached a new high in May, according to an analysis of the latest employment data by a nonprofit association for the IT industry and workforce.

Technology industry level companies added 22,800 net new workers in May. Through the first five months of 2022 employment increased by 106,700 positions and is 69% ahead of the same period versus 2021, according to an analysis of the U.S. Bureau of Labor Statistics (BLS) jobs report by industry association CompTIA.

Employer hiring activity as measured by job postings for tech positions totaled 623,627 for the month of May and nearly 2.2 million year-to-date, which represents a 52% increase versus the same period of the previous year.

“The data speaks to the broad-based nature of the tech workforce,” Tim Herbert, chief research officer at CompTIA, said in a statement. “It also speaks to the many factors affecting employment and situations where sectors or companies easing up on hiring may be offset by sectors or companies increasing hiring.”

The unemployment rate for the IT sector did edge up slightly in May to 2.1% from 2.0% the previous month . The unemployment rate for tech occupations, however, remained remarkably low compared to the overall national unemployment rate of 3.6%.

“In an analysis of the latest BLS data we have found the number of jobs created for IT professionals continues to grow. However, there are some clouds for IT pros' job prospects six to twelve months in the future.” said M. Victor Janulaitis, CEO of  IT employment consultancy Janco Associates. “The primary driver is inflation and high energy costs which is causing concerns that the economy will slow later in the year and potentially have an extended recession in 2023.”

Janco Associates, which did its own analysis of the BLS jobs report, found over the past year more than 20,000 new IT positions were added each month. That surge has begun to cool a bit with 17,000 new IT jobs created in May. 

All signs point to that growth continuing but at a slower rate of 13,000 to 14,000 new jobs added per month through out the rest of the year. By the end of 2022, Janco forecasted that 191,000 new IT Jobs will be added.

Currently, there are more than 3.9 million unfilled IT job positions in the US, according to Janco.

"That is driven by the fact that qualified candidates can not be found," Janulaitis said. “The first sign that the growth of the IT job market is slowing will be the reduction in that number as companies will just pull back on trying to recruit those unfilled positions."

So far in 2022, the IT job market has grown by 93,400 jobs, which is 43,000 more  than the for the same period in 2021. If there is a downturn, as some predict, one of the reactions by CEOs will be to implement hiring freezes that will result in a decrease in the growth of the IT job market, according to Janulaitis.

“Based on our analysis, the IT job market and opportunities for IT professionals will continue to be positive but not as broad in scope as last year. CIOs are still posturing to hire more staff and expand technologies to address blockchain processing and security applications based on market conditions," Janulaitis said. "However recent events, increased energy cost, and the specter of high inflation will harm IT job market growth.”

Positions for software developers and engineers (204,084) accounted for nearly a third of all employer tech job postings in May, an increase of more than 77,000 from April, according to CompTIA. IT project managers, IT support specialists, systems engineers and architects and network engineers and architects also saw market increase in hiring.

One-third of all job postings were for positions in emerging technologies or jobs requiring emerging tech skills.

Industries that saw some of the hottest hiring trends includeded scientific and technical services, finance and insurance, manufacturing, information, retail trade, health care and social assistance, public administration and educational services. The search for tech talent was widely dispersed across geographies, as well. Four metro areas (New York City, Dallas, Los Angeles and Washington) recorded tech jobs postings totals that surpassed 31,000 positions.

Hiring in the IT services and custom software development category led May’s tech sector job growth with more than 13,100 new positions. Hiring in data processing, hosting and related services, computer and electronic products manufacturing and other information services, including search engines also increased. Conversely, jobs in telecommunications declined, according to CompTIA's report.

April 2022

The IT job market size grew by 17,000 jobs in April, according to new data from IT employment consultancy Janco Associates.

Over the past three months, 43,200 Jobs have been added to IT Job Market, a pace of expansion exceeds 2021, the firm stated in its latest research post.

In 2021, 213,100 jobs were added to the IT Job Market. That not only replaced the jobs lost during the pandemic, but it also expanded the growth to a level that exceeded the pre-pandemic levels. (Janco bases its information on data from the US Bureau of Labor Statistics — the BLS.) 

"In interviews with both CIOs and HR professionals, Janco has found that hiring IT professionals is at a record high level. This, even with inflation and the specter of a possible economic downturn," Janco stated. “All signs point to that growth continuing."

While all IT jobs lost during the pandemic have been recovered, the hiring of IT professionals is now being hindered by a lack of qualified individuals, according to the latest statistics.

The April monthly tech jobs report released by the CompTIA industry association showed the tech industry added 12,300 jobs from February to March, 2022. Software developers (3,613) and systems engineers/architects (3,126) led the pack in terms of new positions available.

Software developers and engineers are far and away the most sought-after positions companies need to fill, with more than 115,000 job postings across the US, according to CompTIA. IT support specialists, IT project managers, systems engineers and architects, and network engineers and architects are also in high demand.

“By all accounts this was an exceptionally strong start to the year for tech employment,” said Tim Herbert, chief research officer at CompTIA. “The arms race in recruiting and retaining tech talent undoubtedly challenges employers in direct and indirect ways.”

The unemployment rate for tech occupations fell to a near-record low, as tech firms added workers for the 16th consecutive month and employer job postings for tech positions surpassed 400,000 in March, according to an analysis of the latest labor market data by CompTIA.

“The already tight labor market just became even tighter as competition for tech talent reaches near-record levels,” Herbert said in a statement. “For any employer relying on the old hiring playbook, it’s time to rethink approaches to recruiting and retention.”

IT jobs across the US increased by 19,000 in March. The unemployment rate for tech occupations is 1.3%, its lowest level since June 2019 and about one-third the current national unemployment rate (3.6%).

Janco is forecasting more than 138,000 new IT jobs will be created in 2022. The IT job market now has more than 3.85 million positions in the US. As of December 2021, Janco reported 3.72 million IT positions in the US.

“Based on our analysis, the IT job market and opportunities for IT professionals will continue to be positive, but not as broad in scope as in the last quarter of 2021,” Janco CEO M. Victor Janulaitis said in a statement. “CIOs are still posturing to hire more staff and expand technologies to address blockchain processing and security applications based on market conditions. However recent events, increased energy cost, and the specter of high inflation will harm IT job market growth.”

According to the BLS, employment in computer and information technology occupations is projected to grow 13% from 2020 to 2030, faster than the average for all occupations. IT is projected to add about 667,600 new jobs, with demand for those workers stemming from a greater emphasis on cloud computing, the collection and storage of big data, and information security, according to the BLS.

The median annual wage for computer and information technology occupations was $94,729 in January 2021, which was higher than the median annual wage for all occupations ($45,760). In January 2022, the median wage for IT positions had increased to $96,667 – an uptick of about 2.05%.

Conversely, new IT hires in the last quarter of 2021 were paid 5% to 6% more than existing staff, according to Janco.

“In conversation with several CIOs, we learned that increases for new hires in the 9% to 12% range were not uncommon,” Janulaitis said. “ It is not uncommon for IT pros who are highly skilled and experienced (over 10 years) to be offered salaries at $125,000 and above. Salary disparity is a driver of dissatisfaction and an increase in attrition rate among existing employees.”

December 2021

Hiring of IT professionals is at record pace with 197,000 more IT jobs so far this year than at the same time last year, according to the US Bureau of Labor Statistics (BLS).

There has been growth in the IT job market each of the past eight months, according to IT employment consultancy Janco Associates. 

"Information-Technology leaders say they are boosting compensation packages and flexible work options to widen the pool of prospective job candidates, as demand surges for tech talent," M. Victor Janulaitis, Janco’s CEO, stated on the company's website. 

To entice employees and retain existing tech staff, CIOs are offering flexible work options, such as a combination of in-office and remote work. The median salary for IT professionals is expected to grow to between $96,000 and $97,000, up from just over $94,600 in January and $95,600 in June, Janulaitis wrote.

"Most CIOs have not recruited at this rate before. Janco attributes the hiring push of some CIOs to meet their company's goals to recruit talent related to security, compliance and cloud computing, Those IT jobs are difficult ones to fill," he said.

In 2019, 90,200 new IT jobs were created. As a result of the global pandemic. By contrast, 33,200 were lost in 2020. In 2021, almost 150,000 jobs were added to the IT job market.

All job markets included, nearly 100 million working-age people were excluded from the labor force in November 2021, according to Janco Associates, which is based on BLS data. Most, of course, are still in school, retired ill or disabled and unable to work, according to the BLS data. But, those excluded from the labor force also include 471,000 "discouraged workers," which represents an increase from 460,000 last month. Among the reasons cited for not re-joining the workforce were the continued impact of vaccine mandates, travel restrictions, and new virus variants.

Roughly 34.4 million people have quit their jobs this year as they reevaluate their work lives, according to job-search company Joblist. A survey of 26,000 employees recently published by Joblist showed nearly three-quarters of respondents said they were actively thinking about quitting. And, roughly 34.4 million people have quit their jobs this year during 2021 as they reevaluate their work lives.

About 46% of the remaining workforce is considering leaving work because they're not being allowed to work remotely, according to the Work Trend Index study by Microsoft Corp.  

"There are 94.438 million who just do not want work at all. That is a increase of almost 612,000 individuals from the same month last year," according to Janco Associates's website.

Baby boomers retiring is another factor in the continued fall in the Labor Participation rate.

Overall, though, the IT job market in the U.S. has added an average of about 13,000 positions during each month of 2021, up from a typical monthly average of between 5,000 and 8,000 jobs.

Job growth in the US IT industry had slowed and took a dip in October, adding just 4,800 positions, according to the BLS data that were included in the figures from Janco Associates. That was down from 8,900 positions added in the revised September figures.

In October, the overall growth in IT positions was even as the highly infectious delta variant of COVID-19 continued to hinder overall job growth, mainly due to slowdowns in the restaurant, entertainment, and service sectors.

The IT industry’s bigger challenge is finding qualified candidates for those IT jobs, Janulaitis said in a statement at the time. And the challenge won’t end soon, he said:

From data that we have reviewed, shutdowns resulted in fewer computer science candidates graduating from universities and trade schools. Those in the pipeline for those degrees were reduced as well. One of the drivers of that trend was that the closing of borders limited the number of foreign nationals who could qualify for that training and education.

Many of the new positions that CIOs are trying to fill are in new technologies. There is a shortfall of individuals who have the training and skills necessary. There are open positions that cannot be filled. … At the same, time attrition rates are on the rise in many IT organizations.

US IT job growth was stronger earlier in the year, before the delta variant and the talent shortage: August saw a surge of 25,400 new jobs on the heels of about 18,500 in June and 9,900 in July (all are revised figures), reflecting continuing business recovery from the pandemic. In fact, IT job growth has occurred for 15 consecutive months, though it was uneven through May. I has averaged 13,000 new jobs each month so far in 2021.

The IT job situation in the US continues to look very much like the pre-pandemic state: more positions than candidates. In fact, businesses would have filled more IT positions in September had they found enough qualified candidates, Janulaitis said. Finding web developers and cybersecurity and compliance pros remains the toughest task for CIOs, he said — and is causing HR to focus more on IT staff retention.

That talent shortage has put even greater pressure on businesses to increase salaries, Janulaitis said — and US IT salaries had already been trending up in 2021.

Janco still expects 2021 to have greater IT job growth — there were 189,000 new positions in 2021 as of Oct. 31, with two more months of hiring left in the year — than in any previous year, more than making up for jobs lost due to the pandemic. The last high was 2015, when 112,500 new positions were created. In 2018, 104,600 new IT positions were added; in 2019, the increase was 90,200; and in 2020, the industry lost 33,200 positions.

There are now 3.72 million IT pro jobs in the US, Janco estimates.

The monthly tech jobs report released by the CompTIA industry association also showed slower hiring growth in October. CompTIA calculated that there were 8,300 new US tech-sector jobs last month, down from September’s 18,700, August’s 26,800, July’s 10,700, and June’s 10,500 jobs. The US tech sector’s job numbers remain above their March 2020 peak of 4.76 million positions, nudging just past 4.81 million in October 2021, according to CompTIA data.

CompTIA calculates both technical and nontechnical positions at tech vendors, with roughly 44% being technical and 56% being nontechnical; Janco looks at IT positions, including software developers, in all industries.

CompTIA calculated the estimated unemployment rate for the tech sector at 2.1% in October, down from 2.2% in September but up from 1.5% in August and July. The current tech unemployment rate is within range of its 2018-19 lows, where it ranged from 1.2% to 2.4%. The national unemployment rate in October was 4.6%, down from 4.8% in September, according to the BLS.

October 2021

The job growth in the US IT industry slowed in September, adding 16,700 positions, according to US Bureau of Labor Statistics (BLS) data reported in the latest figures from IT employment consultancy Janco Associates. That’s down from 22,000 positions added in the revised August figures.

Overall growth in IT positions comes even as the highly infectious delta variant of COVID-19 continued to hinder overall job growth, mainly due to slowdowns in the restaurant, entertainment, and service sectors.

That August surge followed job growth of about 18,500 in June and 10,100 in July (both are revised figures), reflecting continuing business recovery from the pandemic in the US. In fact, IT job growth has occurred every month this year, though it was uneven through May, averaging 13,000 new jobs each month so far in 2021.

The IT job situation in the US continues to look very much like the pre-pandemic state: more positions than candidates. In fact, businesses would have filled more IT positions in September had they found enough qualified candidates for them, Janco CEO M. Victor Janulaitis said in a statement. Finding web developers and cybersecurity and compliance pros remains the toughest task for CIOs, he said — and is causing HR to focus more on IT staff retention.

That talent shortage has put even greater pressure on businesses to increase salaries, Janulaitis said — and US IT salaries had already been trending up in 2021.

Janco expects 2021 to have greater IT job growth — 145,000 to 152,000 new positions — than in any year since 2015, when 112,500 new positions were created. In 2018, 104,600 new IT positions were added; in 2019, the increase was 90,200; and in 2020, the industry lost 33,200 positions.

There are now 3.72 million IT pro jobs in the US, Janco estimates.

The monthly tech jobs report released by the CompTIA industry association also showed slower growth in September hiring. CompTIA calculated that there were 18,700 new US tech-sector jobs last month, down from August’s 26,800, but still a jump over both July’s gain of 10,700 and June’s gain of 10,500 jobs. The US tech sector’s job numbers remain above their March 2020 peak of 4.76 million positions, reaching 4.81 million in September 2021, according to CompTIA data.

CompTIA calculates both technical and nontechnical positions at tech vendors, with roughly 44% being technical and 56% being nontechnical, whereas Janco looks at IT positions, including software developers, in all industries.

CompTIA calculated the estimated unemployment rate for the tech sector at 2.2% in September, up from 1.5% in August and July, and the same as in June. The current tech unemployment rate is within range of its 2018-19 lows, where it ranged from 1.2% to 2.4%. The national unemployment rate in September was 4.8%, according to the BLS.

September 2021

The job growth in the US IT industry accelerated in August, adding 25,400 positions, according to US Bureau of Labor Statistics (BLS) data reported in the latest figures from IT employment consultancy Janco Associates. That growth in IT positions comes even as the highly infectious delta variant of COVID-19 slowed overall job growth, mainly due to slowdowns in the restaurant and entertainment sectors.

The August surge follows job growth of about 18,500 in June and 10,100 in July (both are revised figures), reflecting continuing business recovery from the pandemic in the US. In fact, IT job growth has occurred every month this year, though it was uneven through May.

The IT job situation in the US continues to look very much like the pre-pandemic state: more positions than candidates. In fact, businesses would have filled more IT positions in August had they found enough qualified candidates for them, Janco CEO M. Victor Janulaitis said in a statement. Finding web developers and cybersecurity and compliance pros remains the toughest task for CIOs, he said — and is causing HR to focus more on IT staff retention.

That talent shortage has put even greater pressure on businesses to increase salaries, Janulaitis said — and US IT salaries had already been trending up in 2021.

Janco expects 2021 to have greater IT job growth — 132,000 to 152,000 new positions — than in any year since 2015, when 112,500 new positions were created. In 2018, 104,600 new IT positions were added; in 2019, the increase was 90,200; and in 2020, the industry lost 33,200 positions.

There are now 3.7 million IT pro jobs in the US, Janco estimates.

The monthly tech jobs report released by the CompTIA industry association also showed a surge in August hiring. CompTIA calculated that there were 26,800 new US tech-sector jobs last month, a jump over both July’s gain of 10,700 and June’s gain of 10,500 jobs. The US tech sector’s job numbers have now exceeded their March 2020 peak of 4.76 million positions, reaching 4.79 million in August 2021, according to CompTIA data.

CompTIA calculates both technical and nontechnical positions at tech vendors, with roughly 44% being technical and 56% being nontechnical, whereas Janco looks at IT positions, including software developers, in all industries.

CompTIA calculated the estimated unemployment rate for the tech sector at 1.5% in August, the same as in July and down from 2.2% in June. The current tech unemployment rate is approaching its 2018-19 lows, where it ranged from 1.2% to 2.4%. The national unemployment rate in August was 5.2%, according to the BLS.

August 2021

The job growth in the US IT industry continued at a steady pace in July, adding 11,200 positions, according to figures from the US Bureau of Labor Statistics (BLS) reported in the latest figures from IT employment consultancy Janco Associates. June saw an increase of 11,400, reflecting continuing business recovery from the COVID-19 pandemic in the US. In fact, IT job growth has occurred every month this year, though it was uneven in the first five months of the year.

Today, the jobs situation looks very much like the pre-pandemic state: more positions than candidates. “With reopening, more organizations are actively recruiting,” Janco CEO M. Victor Janulaitis said in a statement. “In full-employment states, there are many positions for IT pros that remain unfilled due to the lack of qualified candidates.”

That’s put pressure on businesses to increase salaries.

Janco expects 2021 to have greater IT job growth — 108,000 new positions — than in any year since 2015, when 112,500 new positions were created. The year 2018 saw 104,600 new IT positions; 2019 saw 90,200; and 2020 saw a loss of 33,200 positions.

There are nearly 3.7 million IT pro jobs in the US, Janco estimates.

The monthly tech jobs report released by the CompTIA industry association calculated that there were 10,700 new US tech sector jobs in July, similar to June’s gain of 10,500 jobs and following gains the entire year. The US tech sector’s job numbers have now essentially matched their March 2020 peak of 4.76 million positions, according to the CompTIA data.

CompTIA calculates both technical and nontechnical positions at tech vendors, with roughly 44% being technical and 56% being nontechnical, whereas Janco looks at IT positions, including software developers, in all industries.

CompTIA calculated the estimated unemployment rate for the tech sector as 1.5% in July, down from 2.2% in June. The current tech unemployment rate is approaching its 2018-19 lows, where it ranged from 1.2% to 2.4%. The national unemployment rate in July was 5.4%, according to the BLS.

July 2021

The US IT industry has seen strong job growth so far in 2021, according to revised figures from the US Bureau of Labor Statistics (BLS) as reported in the latest figures from IT employment consultancy Janco Associates.

The BLS has adjusted its figures on job growth for all of 2021, bringing the total hires to 69,000 IT staffers through June. The agency had previously reported 47,700 jobs through May, a figure now revised upward to 57,100. June saw an additional 11,900 hires, and it's possible the BLS could revise its figures again in future reports.

Janco also confirmed previously reported preliminary data on US IT salaries from its own surveys. As the jobs market remains steady in its post-COVID recovery, IT salaries have started to increase as organizations struggle to fill some positions.

That salary survey shows that IT execs in large enterprises are getting the largest salary boosts, with a median increase of 3.2%. Those in midsize enterprises are seeing median rises of 1.2%. For lower-level positions, IT pros do better at midsize enterprises than at large ones: Middle managers at large enterprises are seeing 0.6% boosts, while those at medium-sized firms are seeing 1.3% increases.

IT staffers are seeing the least improvement — an ongoing phenomemon across all company sizes, in which IT execs continue to be rewarded more. Staffers at large enterprises are realizing 0.4% gains; those at midsize enterprises are seeing 0.7% gains. 

At its worst, more than 100,000 IT jobs were lost during the depths of the pandemic in spring 2020, though two-thirds of those came back as the year progressed. Still, 2020 ended with 33,200 fewer IT jobs in the US compared to 2019. With the 69,000 estimated job gains so far in 2021, the US IT job market at the end of June is at 16,700 ahead of the 2020 peak in February — and nearly 140,000 jobs ahead of the 2020 nadir in July.

There are more than 3.6 million IT pro jobs in the US, Janco estimates.

The monthly tech jobs report released by the CompTIA industry association calculated that there were 10,500 new US tech sector jobs in June, following gains in each previous month of 2021. The US tech sector’s job numbers have now essentially matched their March 2020 peak of 4.76 million positions, according to the CompTIA data.

CompTIA calculates both technical and nontechnical positions at tech vendors, with roughly 44% being technical and 56% being nontechnical, whereas Janco looks at IT positions, including software developers, in all industries.

CompTIA’s data does show a softening of hiring, with small reductions in job postings in several roles, such as for software developers and systems analysts, as well as in several cities, including Washington, D.C., Atlanta, and San Francisco. By contrast, postings grew for positions in San Jose, Calif. The data show more variability, indicating perhaps some settling of hiring activities.

CompTIA calculated the estimated unemployment rate for the tech sector as 2.2% in June, down from 2.4% in May. The current tech unemployment rate is approaching its 2018-19 lows, where it ranged from 1.2% to 2.4%.

June 2021

As the US IT jobs market remains steady in its post-COVID recovery, salaries have started to increase as organizations struggle to fill some positions. That’s based on a survey to be releasd June 15 by IT employment consultancy Janco Associates. Janco provided Computerworld a preview of that survey.

That salary survey shows that IT executives in large enterprises are getting the largest salary boosts, with a median rise of 3.2%. IT execs in midsize enterprises are seeing median rises of 1.2%. For lower-level positions, IT pros do better at midsize enterprises than at large ones: Middle managers at large enterprises are seeing 0.6% boosts, while those at midsize enterprises are seeing 1.3% rises.

IT staffers are seeing the least improvement — an ongoing phenomemon across all company sizes, in which IT execs continue to be rewarded more — with those at large enterprises registering 0.4% gains and those at midsize enterprises seeing 0.7% gains. 

The US IT employment data from the Bureau of Labor Statistics (BLS) has been very volatile in 2021, with the agency reducing its prior-month estimates several times this year. The agency, for example, reduced its 2021 job gain count by 14,100 from earlier estimates. The BLS data shows a May rise in IT hires of 7,700, and — even with the downward BLS revisions for prior months — the net growth for US IT jobs this year stands at about 47,700, according to Janco’s analysis.

At its worst, more than 100,000 IT jobs were lost during the depths of the pandemic in spring 2020, though two-thirds of those came back as the year progressed. Still, 2020 ended with 33,200 fewer IT jobs in the US compared to 2019. With the 47,700 estimated job gains so far in 2021, the US IT job market at the end of May is at 13,500 more than the 2020 peak in February — and nearly 150,000 ahead of the 2020 nadir in July.

There are more than 3.6 million IT pro jobs in the US, Janco estimates.

The monthly tech jobs report released by the CompTIA industry association calculated that there were 10,500 new US tech sector jobs in May, following gains in each previous month of 2021. CompTIA calculates both technical and nontechnical positions at tech vendors, with roughly 44% being technical and 56% being nontechnical, whereas Janco looks at IT positions, including software developers, in all industries.

Still, the US tech sector’s job numbers have not yet matched their March 2020 peak of 4.76 million positions. As of last month, there were 4.74 million, a number that continues to grow.

CompTIA’s unemploment rate estimate for the tech sector stood at 2.4% in May, within its range over the last few months — versus 5.8% in May for the national rate for all industries. For previous months, CompTIA calculated a 2.5% tech unemployment rate in April, 1.9% in March, and 2.4% in February. The rise in the overall tech unemployment rate may reflect a loss of sales jobs in the tech sector, even as technologist jobs grew.

CompTIA also saw the number of tech-related job listings jump in May, to about 365,000 versus the 307,000 estimated for April. Job postings have grown by about 158,000 so far in 2021.

Software developers constituted the largest pool of listed openings at 112,200, with listings for IT support specialists coming in second at 28,200 and for system engineers and architects third at 27,200 — all represent significant increases from May.

The top sector for tech job postings in May was manufacturing, which had 70,970 positions open. Professional and technical services followed at 58,783, then finance and insurance at 31,054, and information services at 20,244.

The Washington, D.C. metro area had the most job postings, 21,611, followed by the New York metro area with 20,481; the Dallas metro area with 14,796; the Los Angeles metro area at 12,825; and the Atlanta metro area at 12,825. The San Francisco metro came in sixth at 11,918, just 117 more postings than in April. And the adjacent San Jose metro came in ninth at 8,746.

The Chicago metro had the greatest decline in postings, with 10,526 postings — down 1,025 from April. On the West Coast, slight declines in job postings were recorded in the Los Angeles area (205 fewer), the Seattle area (51 fewer, for 80,080 in May), and the San Jose metro area (466 fewer, wiping out the 117 gain in the adjacent San Francisco metro).

May 2021

Nearly all the US IT jobs lost in 2020 during the COVID-19 pandemic have come back, with IT employment enjoying eight straight months of growth. Of course, some of the replacement jobs were in IT specialties other than the jobs lost, as there has been a steady trend of declining data center and telecommunications positions in favor of software development jobs; that was true, even before the pandemic.

At its worst, more than 100,000 IT jobs were lost during the depths of the pandemic in spring 2020, though two-thirds of those came back as the year progressed. Still, 2020 ended with 33,200 fewer IT jobs in the US compared to 2019.

So far in 2021, 30,400 IT jobs have been added, nearly erasing the 2020 net losses.

And IT jobs in 2021 are set to continue to grow, according to the latest figures from IT employment consultancy Janco Associates. It expects another 70,000 IT jobs to be available this year. Janco’s numbers come from the US Bureau of Labor Statistics (BLS) monthly reports.

When adjusted for seasonality, March saw 6,500 new IT jobs, February saw 9,400, and January saw 14,400. The January and February numbers were revised up significantly from BLS’s original estimate of 8,500 and 6,000, respectively.

The Janco figures jibe with a report released by the CompTIA industry association. It calculated that there were 9,700 new US tech sector jobs in March, following a gain of 7,700 in February and 19,500 in January. CompTIA calculates both technical and nontechnical positions at tech vendors, whereas Janco looks at IT positions, including software developers, in all industries.

Using a much broader definition of IT, including sales positions, CompTIA estimated that 50,000 IT-related jobs were added in March across all industries, following a 178,000-job gain in in February and a 78,000-job gain in January. That reflects an unemployment rate of 1.9%, down from 2.4% in February 2021 and the lowest rate since August 2019.

Nationally, for all jobs, the US unemployment rate fell from 6.2% in February to 6.1% in March, according to the BLS. But the national unemployment rate is closer to 9% if those who have given up looking are included, estimates Oxford Economics; the BLS reports the level of these discouraged workers has remained steady.

CompTIA also saw the number of IT-related job listings grow by about 30,000 in March, passing 307,000. That follows a rise of 44,300 listings in February and 26,000 in January.

Software developers constituted the largest pool of listed openings at 93,000, with listings for IT support specialists coming in second at 25,800 and for system engineeris and architects third at 23,200.

April 2021

Nearly all the US IT jobs lost in 2020 during the COVID-19 pandemic have come back, with IT employment enjoying eight straight months of growth. Of course, some of the replacement jobs were in IT specialties other than the jobs lost, as there has been a steady trend of declining data center and telecommunications positions in favor of software development jobs; that was true, even before the pandemic.

At its worst, more than 100,000 IT jobs were lost during the depths of the pandemic in spring 2020, though two-thirds of those came back as the year progressed. Still, 2020 ended with 33,200 fewer IT jobs in the US compared to 2019.

So far in 2021, 30,400 IT jobs have been added, nearly erasing the 2020 net losses.

And IT jobs in 2021 are set to continue to grow, according to the latest figures from IT employment consultancy Janco Associates. It expects another 70,000 IT jobs to be available this year. Janco’s numbers come from the US Bureau of Labor Statistics (BLS) monthly reports.

When adjusted for seasonality, March saw 6,500 new IT jobs, February saw 9,400, and January saw 14,400. The January and February numbers were revised up significantly from BLS’s original estimate of 8,500 and 6,000, respectively.

The Janco figures jibe with a report released by the CompTIA industry association. It calculated that there were 9,700 new US tech sector jobs in March, following a gain of 7,700 in February and 19,500 in January. CompTIA calculates both technical and nontechnical positions at tech vendors, whereas Janco looks at IT positions, including software developers, in all industries.

Using a much broader definition of IT, including sales positions, CompTIA estimated that 50,000 IT-related jobs were added in March across all industries, following a 178,000-job gain in in February and a 78,000-job gain in January. That reflects an unemployment rate of 1.9%, down from 2.4% in February 2021 and the lowest rate since August 2019.

Nationally, for all jobs, the US unemployment rate fell from 6.2% in February to 6.1% in March, according to the BLS. But the national unemployment rate is closer to 9% if those who have given up looking are included, estimates Oxford Economics; the BLS reports the level of these discouraged workers has remained steady.

CompTIA also saw the number of IT-related job listings grow by about 30,000 in March, passing 307,000. That follows a rise of 44,300 listings in February and 26,000 in January.

Software developers constituted the largest pool of listed openings at 93,000, with listings for IT support specialists coming in second at 25,800 and for system engineeris and architects third at 23,200.

March 2021

As the overall US economy showed continued glimpses of recovery in February, the IT job market continued the rebound that began in the fall, though at a slower pace than in January.

Growth last month was 13,700, according to the latest figures from IT employment consultancy Janco Associates. January saw 8,600 new IT jobs. When adjusted for seasonality, February saw 6,000 new IT jobs, and January saw 10,900, down dramatically from the US Bureau of Labor Statistics’ (BLS') original estimate of 18,200.

Still, the overall trend for IT — whose US jobs number 3.6 million — remains on an upward trajectory.

The Janco figures jibe with a report released by the CompTIA industry association. It calculated that there were 7,700 new US tech sector jobs in February, following a gain of 19,500 in January. CompTIA calculates both technical and  nontechnical positions at tech vendors, whereas Janco looks at IT positions, including software developers, in all industries.

Using a much broader definition of IT, including sales positions, CompTIA estimated that 178,000 IT-related jobs were added in February across all industries, following a 78,000-job gain in January. That reflects an unemployment rate of 2.4%, down from 3.0% in December 2020.

Nationally, for all jobs, the US unemployment rate fell from an adjusted 6.3% in January to 6.2% in February, according to the BLS. But the national unemployment rate is closer to 9% if those who have given up looking are included, estimates Oxford Economics; the BLS reports the level of these discouraged workers has remained steady.

CompTIA also saw the number of IT-related job listings grow by about 44,300 in February, passing 277,000. That follows a rise of 26,000 listings in January. Software developers constituted the largest pool of listed openings at 88,000, with listings for systems engineers and architects coming in second at 22,700. But Janco CEO M. Victor Janulaitis expects that over the next several years, coders will find jobs scarcer as low-code development gains traction, even as demand for software developers overall increases.

February 2021

Even as the overall US economy struggled in January — adding just 6,000 private sector jobs and 49,000 jobs overall — the seasonally adjusted IT job growth last month was 18,200, according to the latest figures from IT employment consultancy Janco Associates. The past two months saw 55,000 new IT jobs, revised up from the 18,000 total reported a month earlier, based on revisions from the US Bureau of Labor Statistics.

Still, compared to January 2020, US IT jobs have decreased by 35,800, a loss of about 1%. Last spring, more than 100,000 IT jobs were lost due to the COVID-19 pandemic, representing about 3% of the IT workforce.

The Janco figures jibe with a report released by the CompTIA industry association. It calculated that there were 19,500 new US tech sector jobs in January. CompTIA calculates both technical and  nontechnical positions at tech vendors, whereas Janco looks at IT positions, including software developers, in all industries.

Using a much broader definition of IT, including sales positions, CompTIA estimated that 78,000 IT-related jobs were added in January across all industry sectors. That reflects an unemployment rate of 2.4%, down from 3.0% in December 2020. Nationally, for all jobs, the US unemployment rate fell to 6.3% from 6.7%. But the national unemployment rate is closer to 9% if those who have given up looking are included, estimates Oxford Economics.

CompTIA also saw the number of IT-related job listings grow by about 26,000 in January, passing 232,000.

Over the coming decade, Janco CEO M. Victor Janulaitis expects 11% growth in US IT jobs. “Most of the growth in the IT job market will be with software developers, quality assurance, and testers," he said in a statement. "This will be driven by [work from home] as it is will be embraced by more enterprises in normal operations and internet-centric applications are developed and deployed.

"The projected growth for that sector alone will be almost 18%,” he said. 

January 2021

For the first time since the dot-com bust of 2000-2002, US IT salaries were flat in 2020, rising a negligible 0.08% to an average of $94,609 per year, according to the most recent survey of IT executives by management consultancy Janco Associates. The year also ended with 55,900 fewer jobs than the US IT industry had on Jan. 1, 2020 — a drop of 1.5% for the year. (Last week, the US Bureau of Labor Statistics [BLS] revised its figures for 2020, resulting in a revised drop of 55,900 versus the 81,100 reported previously.)

A separate survey by the industry association CompTIA, using BLS data, showed that the broad US tech industry showed job growth of 391,000 positions (22,000 of which were at tech vendors) in December 2020 — even as the US as a whole lost 140,000 jobs. About 44% of those tech sector jobs are for positions such as IT staff, software developers, and IT project managers; the rest are support positions such as sales, marketing, and management.

Janco’s survey focuses specifically on IT jobs, mainly people in a CIO’s organization, whereas the CompTIA survey looks at the entire tech sector.

The December growth in tech and IT jobs still left the broader tech sector below December 2019’s level, with 4.68 million jobs in December 2020, down from 4.73 million a year earlier. CompTIA’s survey shows a steady increase in tech jobs since July 2020, after a steep drop that began in March 2020 due to the COVID-19 pandemic.

The Janco survey showed that IT middle managers lost the most pay ground in 2020, with an average 0.08% salary reduction at large enterprises and 0.07% reduction at mid-sized enterprises. IT staff saw 0.03% average salary increases in large enterprises and 0.04% in medium enterprises. Executives did the best, of course: their salaries were up 0.59% in large enterprises and up 0.35% in medium ones.

April and May were the worst months for US IT jobs in 2020, Janco’s data shows. In those months, 116,000 IT pros lost their jobs due to COVID-19 pandemic shutdowns. Hiring partially recovered in later months, but the total of 3.58 million US IT jobs in 2020 remained below 2019’s 3.64 million (but slightly above 2018’s 3.54 million).

Janco notes that IT consulting and contract positions meant to augment IT staff were all but eliminated in 2020 and hiring growth stalled in the second wave of lockdowns that began in the fall as COVID-19 infections resurged. Those infection rates continue to grow in early 2021; Janco’s interviews with 101 US CIOs reveal that they don’t expect IT job or salary growth in 2021.

Still, IT was fortunate in 2020 compared to many other industries. The COVID-19 pandemic devastated many industries, eliminating jobs at an unprecedented scale in the travel, hospitality, entertainment, and events businesses. Retailers with physical stores faced massive job losses as well, though manufacturing has largely bounced back. The US overall had 9.4% fewer jobs as of June 30 (the latest data available) compared to 2019, the BLS reported. The tech unemployment rate has been roghly half that of the national rate throughout the pandemic, ending at 3% in December 2020 versus 6.7% for the economy as a whole, CompTIA reported.

Despite those massive losses in multiple industries, the average US salary rose 2.6% in 2020, according to the PayScale salary survey, which was last updated on Oct. 12. The latest data from the BLS, which covers the first half of 2020, showed an 8.6% average salary increase from a year earlier. Some of the salary increases reflect higher pay for grocery workers, delivery drivers, and warehouse workers whose jobs became more critical during the lockdowns and who were at greater risk of contracting the virus in their work.

Of course, people who lost their jobs aren’t included in salary surveys, so those figures reflect the pay of the still-employed.

CompTIA reports that software developers had the largest employment gains (4,700 hires) in December, triple that of the next-largest group, systems analysts (1,400 hires).

December 2020

After three months of rebound, the US IT job market reversed course in November, shedding 8,300 jobs. That loss follows a 9,300-job gain in October, a 13,500 gain in September, and a 4,500 gain in August. For the year, the net loss of US IT jobs now stands at 81,100, still down from a peak high of 102,900 job losses this year as of August, according to the most recent survey of IT executives by management consultancy Janco Associates. 

In November, “the major loss of jobs for IT professions was in [small businesses] and consulting firms that service them; 7.5 million small to mid-size business are disproportionately impacted by shutdowns,” said Janco CEO M. Victor Janulaitis. He said many of these closures escape notice because they shut down before their debt levels require going through bankruptcy court.

Large companies have also shuttered or retrenched, he said.

Three quarters of the lost IT jobs in the US are concentrated in two segments, he said. One is data processing, hosting, and related services, the other is computer systems design and related services.

“Hiring of IT professionals has all but stopped due to the uncertainty about the recovery,” Janulaitis said. And the resurgence of the COVID-19 pandemic this fall, and the likelihood that vaccinations will be largely complete only in summer 2021, suggests that IT jobs will be at risk for the foreseeable future, he said, as many businesses continue to shrink and many others put off anchoring until there’s more economic certainty.

November 2020

IT jobs lost at the outset of the COVID-19 pandemic and its lockdowns continue to recover slowly, with an additional 12,700 US jobs added in October — bringing the total recovered jobs since August to 27,800. Those autumn gains bring the loss of US IT jobs to 75,100 for the year, down from a high of 102,900 job losses as of August, according to the most recent survey of IT executives by management consultancy Janco Associates.

The IT job market continues to struggle with the closure of many small- and medium-sized businesses and of many retail operations, in addition to broad cutbacks in all industries meant to preserve cash, said Janco CEO M. Victor Janulaitis.

In addition, the percentage of data center jobs has dropped from 10% of the US IT workforce to 9% since the pandemic began, indicating more severe cutbacks in back-end IT services as part of a shift to the cloud.

A separate report by Foote Partners, which conducts salary surveys on IT jobs and certifications, shows a mixed bag for IT pros in 2020, with some skills increasing in compensation despite (or because of) the pandemic, and others losing value. On average, though, IT compensation has held steady.

Gainers include a variety of positions involving security, Apache ZooKeeper distributed configuration, the Hbase SQL database, the Ethereum blockchain, Oracle Coherence caching, Marketo marketing automation, the Apache Flink stream-processing framework, natural language processing, master data management, and the Keras deep learning API.

Decliners include BusinessObjects and Cognos application development, Google App Engine and JSON web development, Oracle Application Server, SAP Enterprise Business Applications, SNA networking, mobile device management, Cisco’s UCCX call center platform, big data analytics, Windows NT, Suse Linux, and Tibco Enterprise Messaging Service.

October 2020

Although the  IT and telecommunications job market in the US is still expected to shrink by 64,000 jobs this year compared to 2019, the recovery of IT jobs lost during the early days of the pandemic continued for a second month. The most recent survey of IT executives by management consultancy Janco Associates shows that about 12,200 IT jobs were added in September following a net gain of 6,900 in August. 

At the outset of the pandemic, more than 105,000 US IT jobs were lost as companies retrenched in the face of COVID-19, more than erasing the 90,200 jobs added in all of 2019. Those losses have been partially addressed since through rehiring and new hires. As a result, over the last nine months, IT jobs were down by 85,000.

However, Janco doesn’t forecast a recovery in the IT job marked until spring 2021, as the US economy suffers new waves of infections that slow or even reverse prior gains. In October, an additional wave of IT layoffs is expected as airlines furlough tens of thousands of workers now that federal job subsidies have ended for that industry.

Companies are leery about expanding during uncertainties around government action, particularly the stalled stimulus efforts, said Janco president Victor Janulaitis. The November presidential election is another cause for companies to wait and see. “Spending for IT products and services has all but stopped as companies reevaluate the state of the economy globally as new waves of selected shutdowns occur,” he said.

September 2020

By Ken Mingis, Executive Editor, Computerworld

Although the U.S. IT and telecommunications job market is still expected to shrink by 64,000 jobs in 2020 versus 2019, the worst may be over – and about a third of the IT jobs lost during the COVID-19 pandemic are expected to have come back by 2021. That’s according to the most recent survey of IT executives by management consultancy Janco Associates.

For the first time in six months, August saw a net gain in the number of IT jobs: up 6,900. The U.S. Bureau of Labor Statistics also revised the number of IT jobs lost in July, showing 4,400 fewer jobs were lost than originally reported. Still, over the last 12 months, IT jobs fell by 81,800, nearly erasing the 90,200 jobs gained in 2019.

“IT hiring will remain soft but improving slightly. …Major many companies are resuming existing operations slowly, but are holding back on any expansion until after the [Nov. 3] election,” said Janco’s latest report.

But some sectors will continue to lose jobs, it noted, including the airline industry, which is poised to lay off tens of thousands of employees across all roles, not just IT, as federal COVID-related subsidies end on Sept. 30. Cities such as Portland, Ore. that have seen ongoing civil unrest due to protests over police killings of Black citizens will also see deferred hiring until the unrest subsides, Janco said.

IT organizations remain cautious on spending, with very few new initiatives or expansions of current efforts being funded beyond the initial rampup in work-from-home and social-distancing technology investments at the start of the crisis.

August 2020

Coronavirus spikes in parts of the U.S. in July have worsened hiring conditions for IT professionals, and management consulting firm Janco Associates now doesn’t expect any rebound in hiring until late this year or early in 2021.

Janco now estimates that just 25,000 new IT jobs will be created in 2020; there are now more than 163,000 fewer tech jobs than a year ago. In July alone, another 10,900 IT positions disappeared, the company said.

“We have found that a number of companies have already shuttered their doors or are expanding layoffs that impact the IT job market,” Janco CEO Victor Janulaitis said in a statement. “This includes oil and gas drillers like Whiting Petroleum and Diamond Offshore, retailers like J Crew, manufacturers like Briggs & Stratton, and grocers like Dean and DeLuca. As a result, IT professionals working for those companies are looking for new employment opportunities.

“Until after the election..., when the public feels [it] can go back to a normal life [and]  more companies open their doors, hiring for new positions in IT will be limited at best,” he said. “In addition, the continued civil unrest is slowing confidence by the public, which in turn, hinders corporate confidence.”

He noted the stalemate in Washington, D.C. over new efforts to prop up the U.S. economy, as several states deal with increasing numbers of COVID-19 cases.

“Spending for IT products and services has all but stopped as companies reevaluate the state of the economy globally as new waves of selected shutdowns occur,” Janulaitis said. “With more companies adopting [work from home] to address ‘social distancing’ and avoid in-office contacts, fewer companies are taking an aggressive approach to any additional spending for IT products and services. It does not help that the U.S. Congress and the president are at a stalemate on pandemic relief.”

July 2020

The wave of IT layoffs caused by the COVID-19 pandemic did not end in May 2020 as expected, with June seeing 6,000 more layoffs as business uncertainties rose because of the increase in coronavirus infections in the U.S., according to new data from management consulting firm Janco Associates. The pandemic’s economic fallout had already led to about 117,000 job losses in U.S. IT positions in April and early May 2020.

The increase in COVID-19 infections across most U.S. states in June prompted the additional layoffs, and Janco’s June survey of U.S. IT organizations shows that further layoffs – though at the relatively small scale seen in June – are expected given business uncertainties. That survey also said that salary increases for IT staffers are “a thing of the past.”

The job losses were exacerbated by the extensive protests over the police killings of George Floyd and others, Janco said. That led to additional economic uncertainty, particularly in the retail industry hit by looting, leading to additional closings, deferred reopenings, and unexpected costs.

In addition, a Trump Administration decision last month to pause the use of H-1B visas, which are commonly used to fill IT positions, will not help U.S. IT pros in the near term, Janco noted. Because it applies to new hires it does little to free up existing positions.

IT organizations don’t expect to begin hiring again until late 2020 or early 2021, assuming that the infections are under control and the economic reopening interrupted in June can resume. Without a sustained reopening, companies won’t see demand for goods and services that provides the money for new and replacement hires.

Janco CEO Victor Janulaitis now expects the net number of new U.S. IT jobs in 2020 will be about 30,000, versus the 94,500 it had expected before the epidemic struck. In 2019, the U.S. IT job market grew by 90,200.

June 2020

The wave of IT layoffs caused by the COVID-19 pandemic has ended, according to new data from management consulting firm Janco Associates. The pandemic’s economic fallout resulted in about 117,000 job losses in U.S. IT positions in April and early May 2020.

But Janco’s May survey of U.S. IT organizations shows that further layoffs are largely not expected. But neither is much IT job growth. IT organizations don’t expect to begin hiring again until late 2020, assuming that the gradual economic reopening now in progress continues and demand for goods and services resumes, providing the money for new and replacement hires.

Janco CEO Victor Janulaitis expects that the net number of new U.S. IT jobs in 2020 will be about 35,000, versus the 94,500 it had expected before the epidemic struck. In 2019, the U.S. IT job market grew by 90,200.

May 2020

It’s not yet at the level of “Brother, can you spare a dime?” for IT workers, as it is for many workers in retail, entertainment, and hospitality. But as it becomes apparent the road to recovery from the COVID-19 pandemic will be take several years, IT pros are seeing layoffs in the U.S. and diminished prospects for future work, both as staff and as contractors.

In April 2020, IT pros saw 102,300 layoffs in the U.S., according to management consulting firm Janco Associates. And Janco has now more than halved the expected IT job growth in 2020 that it predicted just a month ago – to 40,000 versus the earlier prediction of 95,400 IT jobs.

Janco’s current projection for U.S. IT jobs this year is now 3.6 million, down from 2019’s 3.7 million U.S. IT jobs.

Companies have essentially stopped filling IT positions and halted new contract work, Janco CEO Victor Janulaitis said, based on conversations with CIOs and CFOs. That means IT pros who lose their jobs will have little prospect of employment or contract work in 2020.

“Until the public begins to feel they can go back to a normal lifestyle and companies open their doors, IT hiring will be nonexistent,” he said.

Janulaitis noted that there had been a surge in IT contract work at the beginning of the COVID-19 crisis to help set up work-at-home environments, from collabration tools to VPNs. “The demand for contractor help in this effort was high initially, but now is non-existent,” Janulaitis said. The tech startup sector is also in crisis.

Janulaitis does expect IT hiring to begin picking up at the end of the year. That’s in line with the current thinking for the economy as a whole; various U.S. Federal Reserve executives and economists have said they expect the current effective jobless rate of about 23% to fall back but still be about 10% in 2021. The official jobless rate stands at 14.7% – versus 3.5% in 2019 – but that count misses recent layoffs, laid-off people not looking for work during the crisis, and the self-employed.

Broadly, expectations of a V-shaped recovery have given way to expectations of a prolonged decline and then slow recovery, since there is no vaccine for COVID-19, treatments and testing are not available at meaningful levels to determine who can work safely, it’s not known whether infected people develop immunity, and the ramifications of the various efforts now under way to reopen parts of society and economy remains unknown.

The fate of IT positions is not immune from these general economic factors. “All of this has put IT professionals the same state as the rest of the labor market,”Janulaitis said.