As national unemployment improved to 7.5 percent last month, growth of IT jobs has fallen from a peak of 11,700 jobs added in January to only 4,600 added in April, according to this month’s IT jobs report from Janco Associates.
“The impact of sequester is part of the cause, the others are that no manufacturing jobs were added in April and the uncertainty of new taxes,” said Victor Janulaitis, CEO of Janco Associates. “In addition, more people continue to remain out of the job market with the lowest participation rate since 1979 — even as the published unemployment rate goes down. If you look at the stock market you would think that everything is great. However, there is concern that the pace of the recovery is too slow to generate sufficient demand for new technology and systems, which would result in more IT pros being hired.”
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