Alexandria VA, Jan 10, 2023 \u2013 TechServe Alliance, the national trade association for the Technology Staffing and Solutions Industry, reported that IT employment was flat in December 2023, going down a mere 0.06% month-over-month. Over the past year, IT employment contracted 1.67%, resulting in a loss of 90,000 positions. By contrast, the Engineering sector inched up 0.18% last month compared to November 2023, and posted a year-over-year job growth rate of 1.76%, adding 48,700 jobs during the same period.<\/p>\n
\u201cAs we begin a new year, the IT employment landscape is not easily distilled to a single narrative,\u201d said Mark Roberts, CEO of TechServe Alliance. \u201cWhile demand for IT professionals remains soft in some sectors, other areas of the economy are ramping up. With the IT unemployment rate at 2.4% (Q4) considered to be\u00a0\u201cfull employment\u201d (albeit higher than the 1.9% in Q3),\u00a0tech talent remains constrained in high-demand skill sets such as cybersecurity, cloud computing, and artificial intelligence. While some of the fog has lifted around the prospects for the economy in 2024 and\u00a0buoyed optimism, I believe demand for IT talent is going to continue to range widely based on region, industry, and even between companies in the same sector,\u201d observed Roberts.<\/p>\n