David Foote and his company, Foote Partners LLC, are well-known trackers and purveyors of IT hiring, salary, and market trends information. A story based on one of their recent analyses of the US Bureau of Labor Statistics’ jobs figures appeared on July 8 at the Information Management website that cites some interesting trends and encouraging figures.
The same slow, steady growth that has characterized the overall economy also plays into IT hiring of late. Though some IT sectors are doing better than others, all remain in positive growth mode.
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That story, entitled “Tech Hiring Ends First Half of 2013 with Widespread Gains” is chock-full of interesting stats and figures, which I will now recite:
- For job segments that represent IT careers, there’s been a net gain of 18,200 jobs for June (versus 9,800 such jobs in May, for a delta of 8,400). This is the highest month-to-month gain since January 2013.
- IT job growth for the first half of 2013 is 43 percent higher than for the same period in 2013.
- The management and technical consulting sector saw 8,400 new hires in June, which more than doubles the same counts for May. Foote observes that this makes for “one of the hottest growth segments for IT and data hiring over the first half of 2013.”
- Computer Systems Design and related services has been another big gainer, with 7,300 new jobs for June alone, and nearly 31,000 new jobs for this sector for the first half of 2013.
- Following four months of declines in the data processing and hosting sector, June witnessed a modest but welcome increase of 1,800 jobs in that sector.
- The telecommunications sector also managed to continue its barely upward but steady rise, with only 700 new jobs in this niche. Nevertheless, according to Foote, this section has enjoyed a increase in job counts for every month of 2013 so far, for the first time since the job market started going south in 2008-2009.
Looking at all of this data and its recent historical patterns, Mr. Foote remains cautiously optimistic that IT hiring “should continue to be a source of job growth through 2013.” Here’s what else he had to say on this subject: “… IT jobs have been on a sustained growth upswing and wages are holding steady if not growing slightly. The bottom line here is optimism for IT workers based on positive momentum that started in October  and has been running through the first six months of 2013.” From my perspective, Mr. Foote is absolutely correct, and clearly understands that there’s no excuse for anything even close to “irrational exuberance” any time soon. The long, dragged-out trend of agonizingly slow and modest recovery appears set to continue for some time to come!