Janco and NFIB agree hiring stalls in March

Janco and NFIB agree hiring stalls

Unemployment TrendThe National Federation of Independent Businesses (NFIB) data confirms the analysis presented by Janco Associates on April 7 that hiring has stalled.  Their data shows that the share of firms that are planning to increase headcount minus the number of firms that are looking to decrease headcount is now zero.  That is the lowest it has been in the past 12 months as it fell from 4% in the prior month.

A Janco Associates survey of 97 chief information officers in North America finds that only 12% are looking to expand the size of their information technology departments.

“For the first time since the dot-com bust, Janco’s metrics show that hiring by CIOs is at a standstill — there is a high degree of uncertainty in the economic climate,” said Janco CEO Victor Janulaitis.

Hiring Trend Moving Average

Just 5% of CIOs are looking to increase their IT staffs for new initiatives, a low level not seen since the dot-com bust began in March 2000, he told IBD.

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Author: Victor Janulaitis

M. Victor Janulaitis is the CEO of Janco Associates. He has taught at the USC Graduate School of Business, been a guest lecturer at the UCLA's Anderson School of Business, a Graduate School at Harvard University, and several other universities in various programs.