Overall IT Job Market Improves; Insurance IT Job Market Down

For the last few months, there has been a steady increase in overall employment for IT related jobs. The number of individuals employed in IT has increased by 7,300 in March, 9,100 in April, 10,000 in May and 45,800 in the last 12 months, according to BLS data analyzed by Janco.

Janco Associates in association with eJobDescription.com analyzed the recent data and confirmed that since January there has been an up-trend in the number of individuals employed in IT jobs. The greatest increase, as a percentage, has been in jobs that are related to the IT support functions as companies are beginning to hire staff positions that were cut earlier in response to the recession. These jobs tend to be the "lower paying" ones within IT’s infrastructure. “The flood gates have not yet been opened for general hiring as CIOs are still being cautious in keeping cost down while trying to improve overall service levels,” says Victor Janulaitis, CEO of Janco.

The finance and insurance industry has seen a different story. In the past 12 months the industry saw a .48% decrease in IT jobs. In May 2010, the Janco reported 5,682,000 jobs in the industry, and in May 2011, 5,657,000.

Employment is on the rise in health care IT and spending will reach $40 billion by the end of this year. Much of that growth will come from spending on electronic health record (EHR) systems, mobile health applications and efforts to comply with new government standards.

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