Numbers not indicative of lack of demand, says expert
An analysis by the TechServe Alliance has revealed that the number of IT jobs in the US remained flat in June compared to May.
A marginal increase of 0.05% was seen month over month in June. When looking at the figures year-on-year, the number of jobs increased by 0.48% (25,700 jobs).
The company also reported an increase in engineering employment 4.16% year over year in June (108,400 jobs).
TechServe Alliance CEO Mark Roberts said: “The flat growth rate in tech employment since the pandemic can be misleading,”
“These numbers are wholly a reflection of the lack of supply of talent and not demand from businesses, as is clearly reflected in the 2.2% and 2.5% unemployment rates for IT and engineering professionals, respectively.”
“While there may be industries where demand for talent slackens, the overall need for technology professionals will continue to outstrip supply for the foreseeable future. At this point, employers cannot become complacent and should continue updating their talent attraction and retention policies to stay competitive.”