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IT Employment Ticks Up Modestly In May; Year-Over-Year Growth Anemic
[June 12, 2019]

IT Employment Ticks Up Modestly In May; Year-Over-Year Growth Anemic


ALEXANDRIA, Va., June 12, 2019 /PRNewswire/ -- In May, IT employment ticked up .05% to 5,347,500 jobs, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions industry. After three consecutive monthly declines at the beginning of 2019, we have had two months of very modest growth. On a year-over-year basis, IT employment grew by only 0.11% since May 2018 adding a mere 6,000 IT workers.

Engineering employment increased by 0.12 percent sequentially to 2,653,200. On a year-over-year basis, growth in engineering employment increased by 2.19% since May 2018 or 56,900 engineering workers.

"While it goes without saying that any increase in IT employment is better than a decline, the month-over-month growth we have seen in 2019 to-date is underwhelming," observed Mark Roberts, CEO of TechServe Alliance. "In absolute terms, the US labor market has only added 6,000 net IT job or .11% on a year-over-year basis---anemic to be sure. Given the ongoing shortage of IT talent and ever more restrictive immigration polices for high sklled foreign nationals, we do not see these trends abating in the foreseeable future," added Roberts.



For the complete June 2019 TechServe Alliance Employment Indices please visit: https://www.techservealliance.org/files/June 2019 Index_MBR.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.


www.techservealliance.org

 

Cision View original content:http://www.prnewswire.com/news-releases/it-employment-ticks-up-modestly-in-may-year-over-year-growth-anemic-300866606.html

SOURCE TechServe Alliance


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