IT Employment Drops

After appearing to be largely resilient to the macro-economic trends that have devastated the broader employment market through much of 2008, IT employment finally succumbed to the inevitable.

In November of last year, IT employment dropped by almost 34,000 jobs or 0.87% — the most significant one- month drop in over 3 years. Despite the precipitous drop, IT employment was still up 2.1 percent over the past year.

"Given the continued deterioration of broad swaths of the economy, the marked drop in IT employment was not surprising. While IT employment continues to outperform the general employment marketplace on year-over-year basis, that is small consolation for those companies and individuals affected,” commented Mark Roberts, CEO of the National Association of Computer Consultant Businesses (www.naccb.org).

After appearing to be largely resilient to the macro-economic trends that have devastated the broader employment market through much of 2008, IT employment finally succumbed to the inevitable.

In November of last year, IT employment dropped by almost 34,000 jobs or 0.87% — the most significant one- month drop in over 3 years. Despite the precipitous drop, IT employment was still up 2.1 percent over the past year.

"Given the continued deterioration of broad swaths of the economy, the marked drop in IT employment was not surprising. While IT employment continues to outperform the general employment marketplace on year-over-year basis, that is small consolation for those companies and individuals affected,” commented Mark Roberts, CEO of the National Association of Computer Consultant Businesses (www.naccb.org).

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