Job Market Shrinks for IT Pros
IT Job market shrinks in May. Approximately 27,700 jobs disappeared, with most of those jobs being related to telecommunications.
That along with a comparison with the number of IT jobs created in 2015 paints a fairly bleak picture.
There is an acceleration in the rate of slowdown in the IT Job Market. If this continues, as we think it will, there is a probability that there could potentially be a net decrease in the size of the IT Job Market in 2016. Janco has already lowered our best case forecast for net new IT jobs for the balance of this year and have reduced our prior forecast of 87,700 to 40,300.