{"id":20163,"date":"2024-02-07T07:17:44","date_gmt":"2024-02-07T12:17:44","guid":{"rendered":"https:\/\/techservealliance.memberhost.io\/news\/it-employment-sprouts-green-shoots-turning-the-corner-in-january\/"},"modified":"2024-10-11T07:31:24","modified_gmt":"2024-10-11T11:31:24","slug":"it-employment-sprouts-green-shoots-turning-the-corner-in-january","status":"publish","type":"reports","link":"https:\/\/techservealliance.org\/reports\/it-employment-sprouts-green-shoots-turning-the-corner-in-january\/","title":{"rendered":"IT Employment Sprouts Green Shoots Turning the Corner in January"},"content":{"rendered":"

First<\/span> Uptick in <\/span>Almost <\/span>Two Years<\/span> Signals<\/span> Cautious Optimism<\/span> for<\/span> 2024<\/span><\/span>\u00a0<\/span><\/h3>\n

Alexandria VA, Feb. 7, 2024 \u2013 After contracting for 23 consecutive months, IT employment inched up 0.08%, adding 4,400 jobs in January, according to TechServe Alliance, the national trade association for the Technology Staffing and Solutions Industry.\u00a0 On a year-over-year basis, IT employment was down 1.24% with a loss of 66,700 positions. Employment in Engineering was up 2.0% in a year-over-year comparison, adding 55,500 jobs during the same period.<\/p>\n

\u201cWhile one month does not make a trend, the TechServe IT Employment index posted its first positive number in almost two years,\u201d observed Mark Roberts, CEO of TechServe.\u00a0 \u201cWhile we saw significant month-over-month contraction beginning in the second half of 2022 and continuing through the Spring of 2023, the declines began to moderate during the second half of the year.\u00a0 Over the last few months, we have seen IT employment numbers come in effectively flat.\u00a0 With the economic storm clouds appearing to have largely dissipated, the first actual uptick in IT employment in almost two years is cause for cautious optimism for 2024.\u201d<\/p>\n

\u201cDespite the good news, it is important to remember that we are not yet in an environment that will ‘lift all boats.’\u00a0 Certain tech companies continue to temper their hiring given the over-hiring during the pandemic. Other sectors of the economy are signaling renewed strength and recovery.\u00a0 While challenges persist, this month\u2019s data echoes a narrative of resilience and gradual progress within IT employment,\u201d Roberts added. \u00a0\u00a0<\/span><\/p>\n

For details, please download PDF<\/em><\/a><\/p>\n","protected":false},"featured_media":20164,"parent":0,"menu_order":0,"template":"","topics":[249,251],"class_list":["post-20163","reports","type-reports","status-publish","has-post-thumbnail","hentry","topics-it-index","topics-research-trends"],"acf":[],"_links":{"self":[{"href":"https:\/\/techservealliance.org\/wp-json\/wp\/v2\/reports\/20163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techservealliance.org\/wp-json\/wp\/v2\/reports"}],"about":[{"href":"https:\/\/techservealliance.org\/wp-json\/wp\/v2\/types\/reports"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techservealliance.org\/wp-json\/wp\/v2\/media\/20164"}],"wp:attachment":[{"href":"https:\/\/techservealliance.org\/wp-json\/wp\/v2\/media?parent=20163"}],"wp:term":[{"taxonomy":"topics","embeddable":true,"href":"https:\/\/techservealliance.org\/wp-json\/wp\/v2\/topics?post=20163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}