IT talent shortage continues to hamper segment’s growth rate

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According to the TechServe Alliance, the national trade association of the IT and engineering staffing and solutions industry, the IT sector added only 4,000 jobs in January, which is a sequential increase of 0.08% to a total of more than 5.4 million jobs.

Although the economy added 467,000 total jobs in all sectors in January, technology-related job gains remained flat.

On a year-over-year basis, IT employment was up 2.35% since January 2021, adding 124,400 IT workers.

Engineering employment grew by 0.15% sequentially to nearly 2.7 million. On a year-over-year basis, engineering employment increased by 3.61% since January 2021, adding 92,900 engineering workers.

“Demand for IT professionals is strong with companies seeking talent to accelerate their digital strategies,” TechServe Alliance CEO Mark Roberts said. “However, IT and engineering staffing executives tell us that many critical job roles stay open for extended periods of time requiring extraordinary recruiting efforts to attract candidates.”