Finally! The latest Employment Situation Summary from the US Bureau of Labor Statistics released this morning shows some welcome and long-overdue signs of improvement in hiring numbers. But although nonfarm employment numbers jumped by 192,000 for February, the unemployment rate stands basically unchanged at 8.9 percent (employment gains from hiring were offset by unemployed persons once again looking for work, thereby boosting the overall employment pool). The big job gains occurred in the following sectors: manufacturing, construction, professional and business services (good news for IT contractors and consultants perhaps, if not for the entire information sector at large — more on this in the next paragraph), health care, and transportation and warehousing. Of course, we need to see monthly numbers jump by 100,000 or more above this level to really make a dent in unemployment, but good news is still good news in this troubled part of the economy.
On NPR this morning, I heard a story that was much more encouraging for beleagured IT workers. Zoe Chace filed an item entitled “Want A Job? You Ought to Be a Tech Geek” In it, she recounts how upcoming and recent IT graduates with programming expertise are finding themselves in the unusual and welcome position of having to decide among multiple offers — sometimes as many as ten or more per job candidate — when it comes to choosing an employer. A strong demand for mobile app developers (there’s a surprise, eh?) is fueling this hiring frenzy, but it’s a strong showing for what has been a grim job market for recent graduates since the economy hit the skids in 2008.
Now, if only that frenzy could extend as far as rank-and-file IT jobs, the doldrums might finally be behind us. My best guess, however, is that we’re at least 12-18 months away from the kind of rising tide that is likely to float all hiring rates higher, especially for cost-center/infrastructure functions like IT. Hang in there, IT troops: looks like the first faint glimmers of improvement are finally heading our way!