IT and Engineering Job Growth Continues To Decelerate

Mar 09, 2016, 12:55 ET from TechServe Alliance

ALEXANDRIA, Va., March 9, 2016 /PRNewswire-USNewswire/ -- The number of IT jobs grew 0.2 percent sequentially last month to 5,074,900, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions industry. On a year-over-year basis, IT employment grew by 3.8% since February 2015 adding 186,500 IT workers.

Engineering employment was essentially flat up only 0.02 percent sequentially to 2,530,500. On a year-over-year basis, engineering employment grew by an anemic 0.6% since February 2015 adding 15,700 engineering workers---continuing to underperform the overall workforce.

"During the first two months of 2016, IT job growth has trended below the growth rate we saw in 2015.  On the engineering side, employment was essentially flat," stated Mark Roberts, CEO of TechServe Alliance. "As with all indices that track aggregated employment data, these numbers mask some of the underlying dynamics of particular industries and skill sets. While some high demand skill sets continue to show considerable strength with an acute shortage of talent, unemployment rates have risen in occupations that serve industries such as energy which remain under pressure," observed Roberts.

For the complete Mar. 2016 TechServe Alliance Employment Indices please visit: http://www.techservealliance.org/files/Index%20Release%20March.%202016MBR.pdf

About TechServe Alliance
TechServe Alliance is the national trade association of the IT & Engineering staffing and solutions industry. Hundreds of IT & Engineering staffing and solutions firms and tens of thousands of affiliated professionals, count on TechServe Alliance to keep their leadership informed, engaged and connected. TechServe Alliance serves as the voice of the industry before the policymakers and the national and trade press. By providing access to the knowledge and best practices of an entire industry and tapping the "collective scale" of hundreds of companies, TechServe Alliance supports its members in the efficient delivery of best-in-class IT & Engineering staffing and solutions for clients and exceptional professional opportunities for every consultant.

 

SOURCE TechServe Alliance



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