Janco Reports IT Job Market Shrinks With a Loss Of 3,900 Jobs In November

IT Hiring decays one more time as companies pull back – For the second month in a row there was a net loss in the number of IT jobs!

Janco Associates reports that there was a net loss of 3,900 IT jobs in November according to the BLS. That included the telecommunications job market (2,900 jobs lost), other information services (1,500 job lost), data processing and hosting (1,300 jobs lost), and a small increase in computer system design and related services (1,800 jobs added). In October there was a loss of 5,100 jobs.

The CEO of Janco, M.V. Janulaitis said, "Companies are continuing to watch expenses and IT is no exception. In many companies IT is viewed as a cost center with head counts and capital budgets under constant scrutiny. IT jobs are typically not being cut, rather openings are left unfilled." He added, "Some Chief Information Officers (CIOs) are felling continued pressure to control costs and are looking ahead to 2012 hiring and projects. They are beginning to push those expenses back until the 3rd and even 4th quarters."

The Labor Department reported the economy added only 120,000 jobs in October versus 103,000 jobs in September and 80,000 in October. This continues to be lower than the 10,000 needed for the US economy to stay even with adult population growth. In addition 315,000 people have dropped out of the labor market and are no longer looking for work.

The IT job market continues to see a slowing in the rate of increase in the number of jobs available, See chart below.

Employment Change

Overall, GDP and employment are growing more slowly than the adult population, and the private sector is much smaller than before the Great Recession – even with big boosts in federal subsidies for private health care and federal mandates for large health care spending by the states.

Employment grew in the second and third quarters despite very slow GDP growth because labor productivity fell the first half of 2011. Consequently, real wages, per capita income and living standards are dropping – all exacerbated by hungry state and local tax collectors who refuse to tighten belts as quickly as households and businesses.

A downsizing private sector, falling productivity per capita GDP, and a shrinking share of the adult population employed or even seeking employment are ominous signs of economic decline.

IT Job Market Employment Trends

There has been a slight increase in the overall employment of IT professionals. For the last few months the number of individuals employed in IT has increased (seasonally adjusted) 37,300 in the last 12 months a gain of 34,100 jobs in the last 3 months.

IT Employment change

Standard Edition IT Hiring Kit

IT Salary Survey - The salary survey draws on data collected throughout the year via extensive internet-based survey instruments and completed survey forms from businesses throughout the United States and Canada. The survey data reflects IT salaries in 78 major cities in the United States as well as 23 cities in Canada. Summary data is provided in both the PDF document and a separate Excel Spreadsheet.
Interview and Hiring Guide - Anyone conducting an interview should be aware of questions that are illegal to ask prospective employees. This has all of the tools that you need to keep the process objective and key the enterprise out of court.
Salary Survey Job Descriptions (PDF) The job descriptions are provided as an indexed PDF document for all of the positions surveyed. The PDF file has a copyright date of 2011 and can be viewed and printed.

Silver Edition IT Hiring Kit

IT Salary Survey - The salary survey draws on data collected throughout the year via extensive internet-based survey instruments and completed survey forms from businesses throughout the United States and Canada. The survey data reflects IT salaries in 78 major cities in the United States as well as 23 cities in Canada. Summary data is provided in both the PDF document and a separate Excel Spreadsheet.
Interview and Hiring Guide - Anyone conducting an interview should be aware of questions that are illegal to ask prospective employees. This has all of the tools that you need to keep the process objective and key the enterprise out of court.
Salary Survey Job Descriptions (WORD & PDF) The job descriptions are provided as individual WORD (.docx) and PDF files. The job descriptions have a copyright date of 2011.

Gold Edition IT Hiring Kit

IT Salary Survey - The salary survey draws on data collected throughout the year via extensive internet-based survey instruments and completed survey forms from businesses throughout the United States and Canada. The survey data reflects IT salaries in 78 major cities in the United States as well as 23 cities in Canada. Summary data is provided in both the PDF document and a separate Excel Spreadsheet.
Interview and Hiring Guide - Anyone conducting an interview should be aware of questions that are illegal to ask prospective employees. This has all of the tools that you need to keep the process objective and key the enterprise out of court.
Salary Survey Job Descriptions (WORD & PDF) The job descriptions are provided as an indexed PDF document for all of the positions surveyed. The PDF file has a copyright date of 2011 and can be viewed and printed.
Internet and IT Job Descriptions (WORD) The 243 job descriptions have been extracted from Janco's Internet IT and Position Descriptions HandiGuide^®. Each job description has a copyright date of 2011and comes in WORD 2007 format using long file names.

IT Salary Survey - The salary survey draws on data collected throughout the year via extensive internet-based survey instruments and completed survey forms from businesses throughout the United States and Canada. The survey data reflects IT salaries in 78 major cities in the United States as well as 23 cities in Canada. Summary data is provided in both the PDF document and a separate Excel Spreadsheet.
Interview and Hiring Guide - Anyone conducting an interview should be aware of questions that are illegal to ask prospective employees. This has all of the tools that you need to keep the process objective and key the enterprise out of court.
Salary Survey Job Descriptions (WORD & PDF) The job descriptions are provided as an indexed PDF document for all of the positions surveyed. The PDF file has a copyright date of 2011 and can be viewed and printed.
Internet and IT Job Descriptions (WORD) The 243 job descriptions have been extracted from Janco's Internet IT and Position Descriptions HandiGuide^®. Each job description has a copyright date of 2011and comes in WORD 2007 format using long file names.
Internet and IT Positions Description HandiGuide® (PDF) The Internet and IT Position Descriptions HandiGuide^® contains over 650 pages; which includes sample organization charts, a job progression matrix, and 243 job descriptions. The book also addresses Fair Labor Standards and the ADA. Also included are tools to help you expand, evaluate and define your enterprise's unique additional required. Those tools include:
- Job Evaluation Questionnaire
- Position Description Questionnaire
- Job Progression Matrix (Job Family Classifications)