Online job ads for IT professionals by Silicon Valley companies ended the month of August up 15 percent from their three-year low in mid-April. Available ads reached a new 2009 high in mid-August; however, the last week of August saw a five percent drop from the prior week that erased the August gains. Total Hiring Demand remains 56 percent below its three-year high in October 2007.
Source: WANTED Analytics 2.0
The IT occupations with the greatest Hiring Demand in Silicon Valley are 'Computer Software Engineers, Applications', 'Computer Systems Analysts', 'Web Developers', 'Computer Software Engineers, Systems Software', and 'Computer Programmers'. The direct employers with the most available online job ads this month were Apple, Yahoo!Inc., Google Inc., eBay, and Motorola.
Our most recent update to our Hiring Demand Indicator data for the IT sector showed that overall conditions had worsened for IT professionals nationwide, dropping 2.3 percent since mid-July. Compared to last year, Hiring Demand for IT occupations is now down 40.1 percent. The HDI for IT Occupations presents national year-over-year growth broken down by 6-digit SOC codes, and indicates the occupations within IT that have seen the most severe drop in hiring demand, along with those that are weathering the recession better than average.
WANTED's Supply/Demand Ratios™ for the San Jose-Sunnyvale-Santa Clara MSA for August now show four of the IT occupations with the greatest demand in Silicon Valley as ranking above the national average ('Web Developers' falls under 'Computer Programmers'): 'Computer Software Engineers, Applications', at 121.80, 'Computer Programmers', at 111.26; 'Computer Software Engineers, Systems Software', at 106.14; and 'Computer Systems Analysts' at 103.2. Supply/Demand Ratios measure Hiring Demand for an occupation in a local market, relative to the labor supply in that market, and controlling for the national average Hiring Demand for that occupation.
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