Announcements

  • June 2022 Index: Tech Employment Remains Flat Amidst Strong Demand for Talent but Low Supply

    Job growth in the IT sector remained flat in May with employment up a mere 0.04% from April.  On a year-over-year basis, IT employment was up 0.64% from May 2021, adding 34,500 jobs in the year’s period. according to TechServe Alliance, Monthly Employment Indices for IT and engineering sectors.  
  • May 2022 Index: Tech Employment Remains Flat as Demand Continues to Outstrip Supply

    In April, job growth in IT was effectively unchanged from March. On a year-over-year basis, IT employment was largely flat with just under 1% growth in the year’s period, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions Industry. Engineering job growth shows an uptick over the course of the year, including a slight addition of 10,300 jobs from March to April 2022.
  • April 2022 Index: Tech Employment Remains Effectively Flat Amidst Tight Labor Market

    The U.S. economy and labor markets continued a path to recovery in March, adding 431,000 non-farm jobs with the unemployment rate dropping to 3.6%. However, in labor categories that were already at full employment like the IT sector, growth continued to be elusive continuing its almost year-long pattern of being effectively flat. Employment in IT slipped a tad bit again in March, showing an incremental decline of 0.07%, down 3,800 jobs, to 5,404,200 jobs, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions Industry. On a year-over-year basis, IT employment was up 1.30% since March 2021, adding 69,400 jobs.

  • March 2022 Index: IT Jobs Tick Down in February Reflecting Ongoing Dearth of Talent

    While the overall employment picture was positive with 678,000 non-farm jobs added in February, IT employment ticked down modestly for the first time since August 2020. The IT sector-related jobs showed an incremental decline of 0.04%, down 2,400 jobs, to 5,406,700 jobs in February, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions Industry. On a year-over-year basis, IT employment was up 1.79% since February 2021, adding 95,200 IT workers.

  • Feb. 2022 Index: Talent Shortage Continues to Stymie IT Jobs Growth Rate

    While the economy gave a pleasant surprise with an addition of 467,000 jobs in January (and a sizable bump in December based on the revised numbers) technology-related job gains remained flat. The IT sector added only 4,000 jobs in January. This is a sequential increase of a paltry 0.08% to 5,412,300 jobs, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions Industry. On a year-over-year basis, IT employment was up 2.35% since January 2021, adding 124,400 IT workers.

  • TechServe’s New M&A Service Facilitates the Acquisition of Two Companies

    TechServe Alliance M&A Marketplace, a new service of TechServe Alliance Services Corp., which connects interested buyers with qualified sellers of IT & engineering staffing and solutions firms, recently facilitated the sale of two companies.

    M&A Marketplace facilitated New York-based Mitchell Martin Inc.’s acquisition of TransTech IT Staffing, operating from two Illinois offices in Chicago and Itasca, and a mid-Atlantic firm’s acquisition of a Malvern PA-based IT staffing company.

  • Jan. 2022 Index: IT Jobs Growth Rate Flattens in December

    In line with a second consecutive month of disappointing national employment numbers, the IT sector added only 2,000 jobs in December. This is a sequential increase of a meager 0.04% to 5,390,300 jobs, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions Industry. On a year-over-year basis, IT employment was up 2.72% since December 2020, adding 142,800 IT workers.

  • Dec. 2021 Index: IT Job Growth A Mere Trickle in November Due to Ongoing Supply Shortages

    After a strong recovery in IT employment since last August, employment growth in the IT sector slowed down to a trickle in November. The sector added 2,200 workers last month, a sequential increase of 0.04% to 5,385,400 jobs, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions Industry. On a year-over-year basis, IT employment was up 3.17% since November 2020, adding 165,600 IT workers.

  • Nov. 2021 Index: IT Adds Jobs in October But Rate of Growth Flattens

    As expected, IT employment remained flat in October, with a sequential increase of 0.04% to 5,380,600 jobs, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions Industry. On a year-over-year basis, IT employment was up 3.66% since October 2020, adding 190,200 IT workers.

    Engineering employment grew by 0.42% sequentially to 2,654,900. On a year-over-year basis, engineering employment increased by 3.31% since October 2020, adding 85,100 engineering workers
  • Oct. 2021 Index: IT Employment Growth Starts to Plateau and IT Talent Shortage is to Blame

    In September, IT employment increased by 0.04% to 5,376,700 jobs, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions Industry. On a year-over-year basis, IT employment has increased by 4.15% since September 2020 adding 214,200 IT workers.

    Engineering employment grew by 0.32% sequentially to 2,639,500. On a year-over-year basis, engineering employment increased by 2.84% since September 2020, adding 73,000 engineering workers.

  • Sept. 2021 Index: IT Employment Growth Slows to a Trickle; Engineering Employment Surges

    In August, IT employment increased by 0.06% to 5,374,700 jobs, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions Industry. On a year-over-year basis, IT employment has increased by 4.60% since August 2020 adding 236,400 IT workers.
  • Recently Released: Q2 2021 Top Industries Report

    TechServe’s quarterly Top Industries Employing IT Workers report tracks key IT employment trends, reporting data by industry sector on a geographic basis. The report presents a snapshot view of IT jobs, payroll and business location data for 16 different industry sectors for each of the 22 covered geographic areas.
  • August 2021 Index: IT Employment Posts Gains for Twelfth Consecutive Month

    In July, IT employment increased by 0.09% to 5,369,700 jobs, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions Industry. On a year-over-year basis, IT employment has increased by 4.91% since July 2020 adding 251,300 IT workers.

  • July 2021 Index: IT Employment Reaches Another High

    In June, IT employment increased by 0.19% to 5,364,300 jobs, according to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions Industry. On a year-over-year basis, IT employment has increased by 4.34% since June 2020 adding 223,200 IT workers.