Job Market grim for Information Technology professionals

 Job Market grim for Information Technology professionals

Job Market grim for Information Technology professionals as it is leading the way to fewer prospects for new jobs being created.  Just last month there were eight (8) states with unemployment rates in excess of 6%.  That along with the loss of 27,700 jobs makes many wonder if we are facing a possibility of a new recession.

US job market grim
8 states have unemployment in excess of 6% and that is with 94 million individuals who have have dropped out of the labor market making the true unemployment number closer to 13% – depression era levels,
 Job Market grim for Information Technology professionals
IT job market grim – Janco may revise its forecast for the IT job market to shrink if this trend continues.

Job Market grim for Information Technology professionals as 2016 fall behind 2015 in creating new IT jobs

IT Job Market growth is 57,300 worse in 2016 than 2015 as of May
If the loss of jobs continues at this rate all of the recovery achieved in the IT job market over the past several quarters could be lost.
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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.