IT and Engineering Employment Growth Rates Continue To Decelerate

ALEXANDRIA, Va., Nov. 18, 2016 /PRNewswire-USNewswire/ -- The number of IT jobs grew 0.1 percent sequentially last month to 5,170,600, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions industry. On a year-over-year basis, IT employment grew by 2.9% since October 2015 adding 146,500 IT workers.

Engineering employment remains sluggish, growing only 0.02 percent sequentially to 2,538,600.  On a year-over-year basis, growth in engineering employment was anemic increasing by only 0.6% since October 2015 or 15,100 engineering workers.

"While the rate of growth in IT employment is at its low ebb for the year, the slowdown is not uniformly distributed across all skill sets and sectors. The unemployment rate for some IT occupations is under 2%--below what would be considered full employment.  Further, there remains a significant imbalance between supply and demand for highly sought after skill sets in both IT and engineering," stated Mark Roberts, CEO of TechServe Alliance.

For the complete November  2016  TechServe Alliance Employment Indices please visit: http://tsa.prod2.classfive.com/files/Index%20Release%20Nov.%202016%20-%20MBR.pdf

About TechServe Alliance

TechServe Alliance is the national trade association of the IT & Engineering staffing and solutions industry. Hundreds of IT & Engineering staffing and solutions firms and tens of thousands of affiliated professionals, count on TechServe Alliance to keep their leadership informed, engaged and connected. TechServe Alliance serves as the voice of the industry before the policymakers and the national and trade press. By providing access to the knowledge and best practices of an entire industry and tapping the "collective scale" of hundreds of companies, TechServe Alliance supports its members in the efficient delivery of best-in-class IT & Engineering staffing and solutions for clients and exceptional professional opportunities for every consultant.

www.techservealliance.org

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/it-and-engineering-employment-growth-rates-continue-to-decelerate-300365975.html

SOURCE TechServe Alliance