Posted by: Ed Tittel
when relevant content is
added and updated.
The BLS is the US Bureau of Labor Statistics, a wing of the Labor Department. EmpSitSum is how I’ve come to think of the monthly Employment Situation Summary that this agency publishes, nearly always on the first Friday of each month. Last week I commented on the latest such report in a blog entitled Another First Friday Echoes “Slow Growth Mode”. This morning, an interesting and unexpectedly welcome press release from IT compensation and employment guru David Foote showed up in my inbox, and it’s both radical and inspiring enough to provoke a blog from me.
The title of his piece, labeled “IT News Analysis,” is “Technology employment trends in the July 2012 Bureau of Labor Statistics United States Employment Report: Largest monthly expansion of IT labor force in more than three years as 18,200 workers are added to payrolls in July” (PDF Format). Yes, I know it’s a real mouthful, but the final sub-title really grabbed my attention, as I’m sure it will also grab yours. In his report, he identifies four job segments that he states are “commonly associated with IT professionals.” These are:
- Telecommunications and Data Processing
- Hosting and Related Services
- Management and Technical Consulting Services
- Computer Systems Design/Related Services
Foote reports 4,900 new jobs added in the first two segments above and says this is “notable because this is the first monthly net job gain in these categories since November 2010″ (he quite rightly excludes the data for September 2011, when a large cadre of 45,000 striking Verizon workers returned to their jobs after an August work stoppage). He also reports that an additional 13,300 jobs were added in the other two segments as well, for a total of 18,200 new IT jobs for July. He also indicates that these two segments have continued to grow steadily over the past two years, and have added 242,000 jobs in that time frame.
In my previous blog post, I had wondered whether the latest EmpSitSum was a dark cloud looking for a silver lining, or a silver lining looking for a dark cloud. It appears I overlooked some good news for our own home sector, and I wanted to share the news with my readers as soon as I saw his article. And I have to thank him for helping me find the “Industries at a Glance” section on the US BLS Website, where much more detailed breakdowns by sector and segment are available. Thanks, David!