Tech Employment Snapshot - Q1 2013

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The unemployment rate for technology professionals averaged 3.5 percent in the first quarter, which compares to 7.7 percent for the overall U.S. workforce. The last time the unemployment rate for IT pros was above the national average — the first quarter of 2004.

According to Dice, reporting on numbers from the Bureau of Labor Statistics, the unemployment rate for tech professionals continues to remain low (3.5 percent) compared to the national average (7.7 percent). Despite a lower than national average rate, however, the number of tech professional voluntarily choosing to quit their positions (380,000 - average for first two months of Q1) is still running under the 10-year monthly average of 402,000. Additionally, the number of layoffs and discharges averaged 386,500 for the first two months. Having more layoffs and discharges than voluntary quits is the job market we have, not the job market anyone wants.

 

Related Topics : A Big Market for Big Data Jobs, Midmarket CIO, IT Management Automation, SharePoint, Technology Markets

 
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