Employment Picture not looking good
IT Employment Picture is spotty at best. Many CIOs were optimistic at the beginning of this year, but they have pulled back on hiring. After 5 months, there has a net loss of 7,200 jobs in the IT job market. In addition this year is trailing IT job creation of last last year by over 18,100 jobs.In interviews with over 100 CIOs, we found that CIOs are no longer as confident about the economic outlook as they were earlier in the year.
Whit this as a preamble, Janco has reduced its forecast for the number of new IT jobs to be added to be about 77,200 for the whole of 2017. Earlier we had forecast that well over 140,000 new jobs would be created.