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Silicon Valley IT Hiring Demand Stalled in August

Juli Morris — Wed, 09 Sep 2009 15:49:28 +0000

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.

Silicon Valley IT Hiring Demand Shows Upward Movement

Juli Morris — Tue, 11 Aug 2009 19:26:50 +0000

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.

Silicon Valley IT Hiring Remains Flat

Juli Morris — Mon, 06 Jul 2009 14:09:41 +0000

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.

Silicon Valley IT Hiring Hits Three-Year Low

Juli Morris — Wed, 20 May 2009 21:04:34 +0000

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.

Silicon Valley Still on Hold for IT Hiring

Juli Morris — Mon, 20 Apr 2009 18:15:32 +0000

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.