U.S. sheds another 35K IT jobs in May, but market may be stabilizing

U.S. sheds another 35K IT jobs in May, but market may be stabilizing

Summary: 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. However, TechServe also noted anecdotal evidence that IT jobs could be stabilizing.

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TOPICS: CXO, IT Employment
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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)

Topics: CXO, IT Employment

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15 comments
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  • Surprise

    I'm surprised that no one has posted a comment here. I would have expected to see somebody expressing their thoughts on the evils of offshoring, or the hatred of the greedy corporations or something.
    bmonsterman
    • greedy corporation

      If we can not get control of our corporations, we are all lost. The clear
      fact is that they are destroying our economy for the short term dollar
      profit. Wealth is being sucked out of the US and placed in other parts of
      the world by our elite.

      How is that, bmonsterman. I think that you my be one of the people that
      still have your job (for now).
      gertruded
      • Greed can be good

        Companies quickly learn where they can and cannot outsource. People think that outsourcing is an evil thing, but we all do it. When you go to a restaurant, you outsource your cooking duty. When you pay someone else to change your oil, you outsource your car maintenance. If you don't like what a certain company is doing, don't buy from that company. Just don't become like a union boss and drive the company out of business and all of its employees out of work.
        MadWhiteHatter
        • Poor Analogy

          When you as an individual hire someone to perform a duty which you yourself can not perform on a daily basis, that is not outsourcing.

          Corporations are not individuals, rather a collection of skilled workers. When forgoing hired staff in favor of external resources to perform functions vital to the corporation's operation, that's outsourcing.

          I agree with your sentiment about boycotting companies though. I wish more people would take an interest with whom they are spending their money. For my money, I will never set foot in a Walmart store. The few measly dollars you save shopping there are at the expense of its employees, while the owners are among the richest people in the world.
          benoddo
      • greedy government

        There is more greed in government. The housing crisis was caused by the government. The dems and the media blame GW and corporations and people fall for this crap. Barney Franks and his merry band of idiots tried to cover it all up. Our corporations are over-taxed (2nd highest tax rate in the world), over-regulated, and unions are ruining them. You want jobs to stay here ? We need tort reform. We need reform for unions. Make it worth their while to keep jobs here.

        Things will only get worse. Do you honestly think cap and trade is a good program ? It is a dismal failure in Europe. That's what government does. It copies failure.

        If trickle-down economics does not work then why are we hemoraging jobs ? It is a known fact that whenever the government charges less taxes they reap more tax money. Our big-brother government does not see it this way.

        I would like to know how the UAW got sweetheart deals from the GM and Chrysler bankruptcies when by law bond-holders and lenders are supposed to go FIRST in the process. they got squat. so what are we saying to people with capital ? risk your millions and get shafted for your efforts ?

        hate the rich all you want....they are the ones putting the captial down that results in your jobs. if you don't like it then start your own business and see what it is like to be hated by the media and the lefties.

        Obozo thinks the economy starts at the bottom. someone point out who these people are that are creating the jobs we need ?
        pizzaman7
        • Lets Blame Obama...YAY!!!

          Pizzaman... you're just another ranting, hating, foaming-mouth rage-pimp. If you must rant while taking all of reality out of context, which is what all of you fascist neo-cons like to do... I think the Fox News site would be a better place to do it.

          Thanks!
          sandshark75
  • RE: U.S. sheds another 35K IT jobs in May, but market may be stabilizing

    It will take some time before the economic stimulus package starts to turn around the steady decrease on jobs...but as I am one without a job I was searching for work the other day and found this website WHICH IS FREE for both employers and employees.
    http://www.bigjobsboard.com/
    very cool I was reading on monster and they charge 3 or 400 bucks just for an employer to post a help wanted ad....no wonder I cant find work....well maybe someone will hear about this site and post a job that I can do. meanwhile back to searching...its funny but I found this blog while looking for work. thanks for the good reading anyway.
    lk2wrk
    • Job Searching

      Don't forget that 65% of all jobs are acquired through social networking. MySpace and Facebook don't count. I have helped others get jobs, and I got my old job through a friend of a friend of someone I just happened to start talking to one day. The main thing to remember is that the job market is never a good place for an introvert. You need to put yourself out there and ensure that you can stand out among your peers. Look for certs you can get to stay up to date. I have seen a number of people who got their last cert in the 90s. To me and others, that makes them like dinosaurs. Get all of the software freebies you can from Microsoft and VMWare and learn the stuff front to back.
      MadWhiteHatter
  • The report indicated 24.5K jobs, not 35K jobs.

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    B.O.F.H.
  • RE: U.S. sheds another 35K IT jobs in May, but market may be stabilizing

    Looking at the graph on a steady decline doesn't appear to me to be "stabilizing". Stablizing would imply the US is not shedding jobs.
    Silent Observer
  • RE: U.S. sheds another 35K IT jobs in May, but market may be stabilizing

    This is a very irresponsible report, and very misleading. The entire picture of lost jobs is not taken into consideration and gives the false impression only IT jobs are being lost. Looking future, you would find these lost jobs as part of the overall situation of lost jobs covering all sectors.

    a.benny9
    • Enite job situation?

      This post is specifically about IT and is not an attempt to talk about the entire job market. If you are in an IT associated job you are of course deeply interested in IT. This post is direct on target.
      kdjkdj1
  • RE: U.S. sheds another 35K IT jobs in May, but market may be stabilizing

    Sorry PizzaBoy:

    I atualy worked in the fallen mortgage biz, working for the largest builder in the country, and as an IT pro, I was in the data and had access to all the numbers facts and figures.

    And it was the Underwriter's they just funded every thing out of the greed of there handalers.

    If the underwriters spoke up, they could have saved there industry.

    Blame your dog, Blame your right hand, Blame your lack of lube, But the one's who let it go in dry where the Underwriters.
    EatMeNow
  • RE: U.S. sheds another 35K IT jobs in May, but market may be stabilizing

    i found some jobs here http://www.bigjobsboard.com/index.php
    a lot of high tech jobs
    howie485
  • RE: U.S. sheds another 35K IT jobs in May, but market may be stabilizing

    I found quite a few techie jobs here http://www.bigjobsboard.com/index.php
    howie485