Dive Brief:
- Recent data from the Bureau of Labor Statistics suggests that the hiring outlook for IT in 2015 is not as bright as previously predicted.
- About 145,000 IT jobs are expected to be created this year in the U.S., down from an earlier forecast of 160,000.
- In total, Janco estimated about 80,000 IT jobs had been created by summer 2015.
Dive Insight:
Victor Janulaitis, CEO of management consulting firm Janco Associates Inc. said that after reviewing the latest Bureau of Labor Statistics data and interviewing close to 100 CIOs, he thinks “CIOs are now more cautious in their hiring.”
Janulaitis believes that caution can be attributed to “volatility in the financial markets, election year uncertainty, and international instability.”
Overall, the job market is strong, however, as U.S. employers added jobs in October at the quickest pace this year, while boosting wages at the fastest rate since 2009. The unemployment rate fell to 5%.
In August, Janco’s evaluation of BLS data for the IT job market estimated around 12,200 new IT jobs were created in July.
