U.S. sheds another 35K IT jobs in May, but market may be stabilizing
The IT job market in the U.S. took another hit in May, shedding 34,800 jobs (a 0.9% drop) and posting the sixth straight monthly decline, according to the latest data from TechServe Alliance.
Total IT jobs in the U.S. stood at 3,849,100 at May. That's a 5% decline from November 2008, when IT jobs hit a high of about 4, 050,000 (see chart below).
Nevertheless, TechServe also reported optimistic expectations. Mark Roberts, TechServe CEO, said, "Given that improvement in employment typically lags other economic indicators, the continued decline in IT employment was expected. Despite the generally gloomy IT jobs report, survey data and anecdotal reports from our member companies appear to suggest that there is some stabilization in the IT employment picture."
(Click to enlarge chart)