IT Industry – Jobs. Trends. Insight.

Advertiser Watch: General Dynamics; Bank of America; Avon Products; Dr.Pepper Snapple Group; US Army

By Charles Thibault on June 3, 2009 in Employer Watch.

Several companies are expanding their workforce, despite the ongoing recession. In a weekly feature, we discuss five companies whose recent online job advertising has spiked, courtesy of the WANTED Gazelles™ report, which uses proprietary data mining algorithms to detect sudden shifts in online recruitment advertising.

General Dynamics (NYSE: GD) has increased its number of IT job postings by 63% in the past month. It posted over 3,900 new IT job ads in April, compared to 2,500 for March. General Dynamics has continued strong activity over the past three weeks as well, posting 2,200 jobs just last week. This uptick in IT job listings is also supported by increases in both the number of Management and Engineering job listings, although the volume for these two occupations is in the 700 range. Most of the jobs are located in the Washington, DC area, and most General Dynamics job postings have recently been seen on CareerJournal and JobServe. General Dynamics stock is up 70% since the 52 week low in early March of this year.

Source: WANTED Analytics 2.0

WANTED Hiring Demand Indicators – IT Occupations, April '09

By Charles Thibault on May 22, 2009 in Computer/Math/IT, Hiring Demand Indicators.

Information Technology hiring demand is still declining, according to data gathered from WANTED Analytics 2.0. Overall hiring demand is down 38% compared to the same period last year. Last month, hiring demand was down only 30% on year-over-year basis.

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What's more, IT workers have been hit harder than the national average this month. Last month, both IT and National hiring demand was down 30%, year-over-year. This month, National hiring demand is down 32%, whereas IT is down 38%.

The number of new job ads is expected to continue to decline through the end of May, not only because of the downward trend for IT workers, but also because May has typically displayed a downward seasonal effect. The past three years, there has been an average drop of 18,000 new job ads during the last week of May.

We expect that June will show month-over-month increases in hiring demand, mostly again because of seasonal effects. However, we expect the overall downward trend to continue through at least June. Read more »

Silicon Valley IT Hiring Hits Three-Year Low

By Juli Morris on May 20, 2009 in Computer/Math/IT.

After watching all of the growth in hiring demand experienced since mid 2006 disappear by the end of 2008, online job ads for IT professionals by Silicon Valley companies hit a new three-year low in mid-April.

Source: WANTED Analytics

Since we last reported on Silicon Valley IT hiring a month ago, hiring demand has dropped 16 percent from its first quarter peak in early February. Despite a couple of very slight upticks at the end of April, levels of hiring demand remain below the prior three-year low seen in early January.

While quarterly earnings reports for major tech stocks such as Oracle and Google create some cautious optimism for a rebound, disappointing earnings news from Silicon Valley giant Hewlett-Packard could keep that optimism in check. Palo Alto-based Hewlett-Packard yesterday estimated a drop in fiscal 2009 earnings of four to five percent and announced that it is planning to eliminate an additional 6,400 workers over the next 12 months due to poor sales numbers for PCs and printers.

Later this week, we will post an update to our Hiring Demand Indicator data for the IT sector. 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. March HDI data for IT Occupations may be found here.

WANTED Hiring Demand Indicators – IT Occupations, March '09

By Juli Morris and Charles Thibault on April 23, 2009 in Computer/Math/IT, Hiring Demand Indicators.

Year-over-year hiring demand growth for all Computer and Mathematical Occupations (SOC 150000) has kept pace with the national average for all occupations, at -30%. The various occupations within the IT sector, however, have been hit differently by the recession.

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WANTED's Hiring Demand Indicators show that the IT occupations losing the least ground from March 2008 to March 2009 are high-value IT workers and those responsible for maintaining corporate IT infrastructure: Network and Computer Systems Administrators; Network Systems and Data Communications Analysts; and Computer Software Engineers – System Software. Hiring demand is down only 11% or 12% for these occupations. Database Administrators are the exception, losing 33%.
Read more »

Silicon Valley Still on Hold for IT Hiring

By Juli Morris on April 20, 2009 in Computer/Math/IT.

WANTED's Hiring Demand data for the IT industry in Santa Clara County, California–the Silicon Valley home of Google Inc. and numerous high-technology players–indicates that after a 15% rise in job ad postings in January, IT hiring demand has dropped back to the level of its December 2008 three-year low.

Source: WANTED Analytics

Later this week, we will post Hiring Demand Indicator data for the IT sector showing national year-over-year growth broken down by 6-digit SOC codes, showing which occupations within IT have seen the most severe drop in hiring demand, and those that are weathering the recession better than average.

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