IT Employment Growth Rate Increases Modestly---Reverses Nine Month Downward Trend; Engineering Growth Rate Remains Sluggish

ALEXANDRIA, Va., Nov. 12, 2014 /PRNewswire-USNewswire/ -- The number of IT jobs grew 0.2 percent sequentially last month to 4,701,300, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions industry. On a year-over-year basis, IT employment has grown by 3.5% since October 2013 adding 159,300 IT workers.

Engineering jobs also grew more modestly in October, up 0.1 percent sequentially to 2,512,000.  On a year-over-year basis, engineering employment has grown by 1.6% since October 2013 adding 39,100 engineering workers.

"After nine consecutive months of a downward trend in the rate of growth in IT employment, I am pleased to see October's uptick.  While too early to tell whether this is a sustainable trend, the data is certainly consistent with near universal feedback from my member companies who report strong demand and a shortage of available talent in many skill sets," stated Mark Roberts, CEO of TechServe Alliance. "While the employment picture on the engineering side remains more mixed with a declining rate of growth in October, I am optimistic that both IT and engineering employment will improve as we gain greater clarity around the geopolitical and macroeconomic forces that had been contributing to a general sense of uncertainty," added Roberts.

For the complete November 2014 TechServe Alliance Employment Indices please visit: http://www.techservealliance.org/pressroom/documents/IndexReleaseNovember2014.pdf

About TechServe Alliance

TechServe Alliance is the national trade association of the IT & Engineering staffing and solutions industry. Hundreds of IT & Engineering staffing and solutions firms and tens of thousands of affiliated professionals, count on TechServe Alliance to keep their leadership informed, engaged and connected. TechServe Alliance serves as the voice of the industry before the policymakers and the national and trade press. By providing access to the knowledge and best practices of an entire industry and tapping the "collective scale" of hundreds of companies, TechServe Alliance supports its members in the efficient delivery of best-in-class IT & Engineering staffing and solutions for clients and exceptional professional opportunities for every consultant.

SOURCE TechServe Alliance

Related Links

http://www.techservealliance.org

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