Dot-cloud boom? IT hiring strongest since June 1998

Dot-cloud boom? IT hiring strongest since June 1998

Summary: The unemployment rate for technology professionals fell to 3.8% in July, the U.S. Bureau of Labor Statistics reports.

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TOPICS: IT Employment, Cloud
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The folks at Dice.com just sent out this memo:

In the month of July, 3,600 jobs were created in data processing, hosting and related events, according to the latest Bureau of Labor Statistics report.  That’s the single best month of job growth in this category since June 1998.

While the BLS numbers don't dissect the IT jobs in terms of specialty, Dice says its own numbers show growth in the "cloud" category. As the online tech job placement service put it: "Cloud service providers report in this category and their services appear to be increasingly in demand. The number of jobs posted on Dice containing the word 'cloud' hit an all-time high in August and account for six percent of all job postings."

There has been plenty of consternation that the rise of cloud computing means trouble for IT career prospects. But so far, interest in cloud from enterprises has been helping to fuel a boom.

Dice also further parsed the BLS jobs report, noting that the unemployment rate for technology professionals fell to 3.8% in July, from 4.2% in June. For the overall workforce, the unemployment rate stood at 7.4%. Technology consulting added 4,300 positions in July and 40,300 jobs this year.

Dice-July 2013 IT Hiring

(Source: Dice.com)

Topics: IT Employment, Cloud

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  • Not sufficiently granular

    * what positions (apart from "consulting", which is usually the salesman side - not the technical side where real IT work is done)
    * how many are H1Bs
    * how many are undocumented workers
    * the simple temporal logic - short term to set up new infrastructure that, in long term, drives down labor - peoples' consternation is still quite valid. Statisticians, estimators, and people that get to make and deal with charts for a living already know this - or should be able to figure out trends and ramifications fairly quickly.
    * since overall unemployment went from 7.6 to 7.4%, which in a country of 300 million is about 600 thousand... yet only 167k in the general market were made, what happened to the remaining 433 thousand people? I didn't look up the BLS stats, which are still general figures and do not differentiate between H1Bs or others - at least in this article.
    HypnoToad72