IT Industry – Jobs. Trends. Insight.

IT Hiring Demand Improves 1.1%

By Charles Thibault on September 29, 2009 in Computer/Math/IT, Hiring Demand Indicators.

Hiring Demand for Computer and Mathematical Occupations has improved 1.1% over the past month, according to data from WANTED Analytics.

There are still 117,000 fewer online job ads for Computer and Mathematical workers compared to a year ago – a drop of 38.7%. However, a month ago, the year-over-year decline stood at 39.8%. This relative improvement of 1.1% is a simple way of controlling for seasonal fluctuations. Over the same period, National Hiring Demand for all occupations improved by 2.9%.

Source: WANTED Analytics

The following double-bar chart compares September's year-over-year drop (burgundy) to August's (gray). Burgundy bars that are shorter than gray ones indicate relative improvement since last month. The chart can be enlarged by clicking on it.

Click chart to view full size

Several occupations are worth noting.

Silicon Valley IT Hiring Demand Stalled in August

By Juli Morris on September 9, 2009 in Computer/Math/IT.

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. Read more »

Hiring Demand up 2.4% in July and Trending Upwards

By Charles Thibault on August 13, 2009 in Hiring Demand Indicators.

Hiring Demand improved 2.4% in July on a seasonally adjusted basis. There were 132,000 more new job ads in July, which now total 1,433,000.

With the exception of a three week period in June, Hiring Demand has been growing an average of 0.8% a week since March, or 3.6% a month for the past 4 months. This corresponds to the rally in the stock markets.

Improvements are spread across most sectors of the US economy. Seven of the top eight Metropolitan Areas improved, as did 19 of 23 broad Occupational groups covered by the Bureau of Labor Statistics.

Four weeks ago, Hiring Demand was down 29.5% on a year-over-year basis. Hiring Demand is now down only 27.1% compared to last year. This relative improvement of 2.4% controls for seasonal fluctuations.

Source: WANTED Analytics

Silicon Valley IT Hiring Demand Shows Upward Movement

By Juli Morris on August 11, 2009 in Computer/Math/IT.

Online job ads for IT professionals by Silicon Valley companies have risen 15 percent after hitting a three-year low in mid-April. Total Hiring Demand, however, 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', and 'Computer Software Engineers, Systems Software'. The direct employers posting the most online job ads 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 5.7 percent in July. Compared to last year, Hiring Demand for IT occupations is now down 35.7 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 show only one of the IT occupations with the greatest demand in Silicon Valley as ranking above the national average: 'Computer Software Engineers, Applications', at 121.26. 'Computer Systems Analysts', and 'Computer Software Engineers, Systems Software' register at 48.54 and 52.28, respectively. The Baltimore-Towson, MD MSA is the nationwide S/D Ratios leader for each those IT occupations. Supply/Demand Ratios measure Hiring Demand for an occupation in a local market, controlling for the national average Hiring Demand for that occupation.

IT Occupations Slip 5.7% in July

By Charles Thibault on July 27, 2009 in Computer/Math/IT, Hiring Demand Indicators.

Hiring Demand for IT Occupations slipped 5.7% on a year-over-year basis compared to last month. Nine of the ten IT occupations classified by the Bureau of Labor Statistics showed decline.

Compared to last year, Hiring Demand for IT occupations is down 35.7%. It was down only 30% last month. "Network Systems and Data Communications Analysts", which had been relatively spared so far, saw the largest relative drop in Hiring Demand, falling 9% to -18.2% compared to a year ago.

Click chart to view full size

Weekly Advertiser Watch

By Charles Thibault on July 17, 2009 in Employer Watch.

In our weekly feature, we detail job postings at the individual company level. Every week, WANTED produces a 'Gazelles' Report, which is meant to detect companies who's Hiring Demand has spiked.

Radio One (NASDAQ:ROIA) was a top gainer on July 17th. Radio One has appeared in three consecutive weekly Gazelles Reports. Its Hiring Demand for advertising, marketing, or sales related occupations marks strong growth in its core business.

Source: WANTED Analytics 2.0

June '09 Hiring Demand Outlook: Slippage, but Poised for Upward Trending

By Charles Thibault on July 8, 2009 in Hiring Demand Indicators.

Last month we reported that National Hiring Demand was improving in relative terms – year-over-year percent changes improved from -32.6% in April 2009 to -28.4% in May of 2009. Hiring Demand has slipped slightly since last month, with year-over-year percentage changes moving from -27.2% in May to -30.1% in June. (Slight revisions to data cause minor variations in Hiring Demand percent changes when compared to previously published results).

This month's slippage is particularly due to a robust month of May – on a seasonally adjusted basis May's Hiring Demand was up 10% compared to April. Because of May's increase in Hiring Demand, in combination with improving month-over-month declines in Nonfarm Payroll Employment (the revised drop for May was -322,000, whereas April's final number was -519,000), WANTED had forecast an optimistic drop of 260,000 in Nonfarm Payroll Employment. Despite the slight slippage this month, Hiring Demand has moved from "being flat" to starting to show signs of a possible uptrend.

The two time-series charts of new online job ads, one weekly series and one monthly series, show that since the drop off in December, Hiring Demand has been slowly inching up. (Usually the series "bounces back" in January, but, given the recession, new job ads did not come back to the previous calendar year's level.) This corresponds to slightly improving UI claims data and slowing in the month-over-month drops in US Employment.

Source: WANTED Analytics 2.0

Silicon Valley IT Hiring Remains Flat

By Juli Morris on July 6, 2009 in Computer/Math/IT.

Online job ads for IT professionals by Silicon Valley companies have risen slightly off of the three-year low in mid-April, but Hiring Demand for the first half of 2009 remains flat.

Silicon Valley Hiring Demand for this sector is down 12.7 percent from its 2009 peak in early February but, overall, appears to have stabilized.

Source: WANTED Analytics 2.0

The IT occupations with the greatest Hiring Demand in Silicon Valley are 'Computer Software Engineers, Applications', 'Computer Software Engineers, Systems Software', and 'Web Developers'. The direct employers posting the most online job ads were Apple, Yahoo!Inc., Google Inc., Motorola, and eBay.

Last week we posted an update to our Hiring Demand Indicator data for the IT sector, which showed that overall conditions had improved slightly for IT professionals nation-wide. 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.

The outlook for the sector remains guarded. Forrester Research now predicts that global IT spending will decline 10.6 percent this year, an increase from the 3 percent it had previously forecast.

WANTED Hiring Demand Indicators – IT Occupations, May '09

By Charles Thibault on June 29, 2009 in Computer/Math/IT, Hiring Demand Indicators.

Year-over-year drops in Hiring Demand for IT workers have improved in relative terms, in parallel with US Hiring Demand. Compared to last May, IT Hiring Demand is down 32.8% – in April, Hiring Demand was down 38.5%.

Source: WANTED Analytics 2.0

8 of the 10 IT Occupations have shown relative improvement in Hiring Demand. Only 'Network and Computer Systems Administrators' and 'Computer Programmers' have shown slight decreases in the level of Hiring Demand.

Click chart to view full size

May '09 Hiring Demand Trend: Flat and Still Well Below Prior Year

By Charles Thibault on June 9, 2009 in Hiring Demand Indicators.

Hiring Demand has stabilized in the United States, and year-over-year drops in Hiring Demand are shrinking, based on data reported by WANTED Analytics.

In April, US Hiring Demand was down 32.6% compared to the same period a year ago. As of May, Hiring Demand was down only 28.4% , an improvement of 4.2%.

Overall, the trend in Hiring Demand is flat, after a significant downward trend in the second half of 2008. The following time-series graph, showing the number of weekly new ads is fitted with log-linear time trends. The pattern of job ad volume since January has been essentially flat.

Source: WANTED Analytics 2.0

In May, 19 of the 22 major occupational groups have shown relative improvements in hiring demand compared to April.

Computer and Mathematical Occupations, down 40% last month compared to a year ago, are down only 30% this month, an improvement of 10%.
Management Occupations, down 37.4% last month, are down 27.5% this month, an improvement of 9.9%.
Healthcare Practitioners and Technical Occupations, down 27.6% last month, are down 19.2% this month, an improvement of 8.4%.
The only occupations to show growth on a year-over-year basis are Farming, Fishing, and Forestry Occupations.

Click chart to view full size

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