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October 05, 2012

Most IT Pros Not as Concerned about Unemployment as Overall U.S. Workforce

The recent good news about lower U.S. unemployment in September was not a major issue for many technology professionals – their rate of unemployment was relatively low anyway.

The overall U.S. unemployment rate fell to 7.8 percent in September, according to government data released on Friday. The overall rate was 8.1 percent in July.

Total nonfarm employment increased last month by 114,000, the U.S. Bureau of Labor Statistics reported. The sectors with increases included healthcare, transportation and warehousing. In September, job losses occurred in computer and electronic products (-6,000).

In addition, the unemployment rate for technology professionals during September was 3.5 percent, according to the BLS report.

Even in July, the IT professional unemployment rate was half of the national average – based on data from Q1 2012, according to Mashable.

The Dice Report said in July that the most difficult IT employees to find, hire and retain were Java developers, mobile developers, .NET (News - Alert) developers and software developers. Other sought after positions were security, SAP, SharePoint, Web developer, active federal security clearance and network engineers.

As of this summer, the Dice Report also said that managers expect tech pros to stay with their current employers for about three years.

The overall unemployment rate continues to be a major issue in the presidential campaign. The lower number of unemployed Americans was good news for President Barack Obama. But Republican challenger Mitt Romney is sure to urge for more job creation through lower taxes and other strategies.

The Washington Times called the latest improvement in unemployment numbers a “modest pick-up in job growth.” The 7.8-percent rate is also a four-year-low – “exactly where it was when President Obama took office nearly four years ago,” according the report carried on TMCnet.

One additional jobs report will be released before the November presidential election.




Edited by Braden Becker
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