Market Overview

IT Job Gains Drop 45 Percent in November

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Leading IT Career Site, ITJobsWeb.com Comments on Tech Employment Trends from the U.S. Bureau of Labor Statistics' Economic Situation Report

Atlanta, GA (PRWEB) December 31, 2016

The IT industry added 7,700 jobs in November, a 45 percent drop compared to October's monthly job gains, according to preliminary numbers released by the U.S Bureau of Labor Statistics' Economic Situation Report on Friday, December 2, 2016.

"The IT industry's drop in job gains is largely attributed to a loss of 2,100 jobs in data processing," said Jay Rollins, owner of ITJobsWeb.com, a leading IT jobs website. "Computer systems design and technical consulting also had minimal gains compared to previous months."

IT job data is collected from 4 unrelated sectors: the data processing, hosting and related services subsector, the computer electronic product manufacturing subsector, the computer systems design and related services subsector, and the management and technical consulting services subsector.

The data processing, hosting and related services subsectors' loss of 2,100 jobs in November comes after a small gain of 400 jobs in October. "Over the past 12 months, the data processing sector has lost 2,600 jobs," Rollins said. "The sectors has fluctuated between gains and losses almost every month this year."

Similarly, the computer and electronic product manufacturing subsector gained 900 jobs in November after having lost the same amount in October.

Computer systems design and related services gained 5,400 jobs in November, while management and technical consulting gained 3,500 jobs.

About ITJobsWeb.com:

ITJobsWeb.com is the leading IT jobs website for IT professionals. ITJobsWeb.com is updated daily with thousands of employment listings in the technology sector. Users can create a profile, upload their resume, apply to positions and engage in our social communities. Employers can post technology and computer job listings opportunities and browse a resume bank for applicants. Thousands of new IT jobs are listed each month by geographic location and specialty, including engineering jobs, software development, system design, server administration, security, Oracle, and Java.

For the original version on PRWeb visit: http://www.prweb.com/releases/it-jobs/november-employment/prweb13952955.htm

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