For IT job seekers, recession not over yet
Summer drop in hiring may mean budget cuts in 2011
The Bureau of Labor Statistics shows an overall drop of one-half of one percent in IT professions during September, compared to a year ago. Worst off are telecom workers, whose prospects dropped 5.18 percent and data processers and hosters, whose job market shrank 3 percent.
Janco attributes those drops to a continuing trend toward outsourcing.
Computer system design was up 2.54 percent, though "other information services," a category that includes everything from internal help deskers to public-cloud integrators and salespeople, rose 6.32 percent.
The surveys aren't done yet, but a newsletter on the BLS statistics said Janco's own early data confirm deterioration of the job market over the summer and says the consensus among the execs it interviewed is that the recession is not over, no matter what the fed says, and that budgets for 2011 will probably take a big hit, following a boost in business that caused them to rise as much as five to eight percent.