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IT Hiring Demand Robust in October – Trending up 4.9% per Month (update)

By Charles Thibault on November 9, 2009 in Computer/Math/IT, Hiring Demand Indicators.

Hiring Demand for "Computer and Mathematical Occupations" grew by 6.5% in October on a seasonally unadjusted basis according to data from WANTED Analytics 2.0. This confirms the positive trend we saw begin in June, when Hiring Demand starting growing at an average monthly rate of 4.9%. This positive trend has affected most US metro areas.

WANTED Analytics tracks the number of online job ads on over 1,000 employment websites:

Source: WANTED Analytics

Source: WANTED Analytics

IT Hiring Demand grew faster than the rest of the economy – national Hiring Demand, all Occupations considered, grew by 4.0% over the same period. Removing the positive effect that IT workers had on the national average, national Hiring Demand grew by only 3.3%. (In other words, IT occupations contributed 0.7% to the overall growth in national Hiring Demand).

The table below details changes in Hiring Demand by occupation. Occupations are defined by the Bureau of Labor Statistics and their Standard Occupational Classification (SOC) System. Five occupations saw increases in Hiring Demand, while three saw drops. Drops were concentrated in "Computer Software Engineers", both "Applications" and "Systems Software".

SOCSOC DescriptionPercent Change, OCT (NSA)
000000All Occupations4.0%
150000Computer and Mathematical Occupations6.5%
151071Network and Computer Systems Administrators9.5%
151021Computer Programmers9.1%
151061Database Administrators7.9%
151081Network Systems and Data Communications Analysts7.7%
151041Computer Support Specialists5.7%
151051Computer Systems Analysts-1.2%
151031Computer Software Engineers, Applications-5.9%
151032Computer Software Engineers, Systems Software-27.0%

What's more, IT Hiring Demand is growing faster now than it did during the "boom times" of 2006/2007. The following table and weekly time series chart, where the count of online job ads is taken as a natural log to facilitate trending analysis, clearly shows this:

PeriodMonthly Growth Rate
Oct.2006 – June 2008+1.2%
July 2008 – May 2009-6.5%
June 2009 – Current+4.9%

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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

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.

Chart

Click chart to view full size

Several occupations are worth noting.

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