IT Job Market Expands in the US by 79,800 jobs
The IT job Market Expands to over 3.5 million jobs in the US. The jobs are divided up with 61% of the jobs in Computer Systems Design and Related Services; 21% Telecommunications; 9% in Data Processing, Hosting and Related Services; and 9% in Other Information Services.
In 2018, the total nimber of new jobs grew by 79,800. That was 21,000 more new jobs than were created in 2017.
This expansion of the job market is now twenty months in the making. The expansion is one of the reasons that IT salaries are going up.
In interviews with both CIOs and HR professionals since the election, Janco has found CIOs to be more optimistic about the probability of increased IT spending and hiring. The data on the number of IT jobs created in the prior two months was increased by the BLS.
The three month moving average for IT job market growth trend for IT Professionals is up dramatically. That metric is the change rate in increase and/or decrease in the total number of new hires. What it means is that CIO and HR recruiters are continuing to hire at a rate that is higher than in prior months. When that metric falls below zero then hiring demand will fall back to previous levels.