Announcements

  • While IT Jobs Tick Down Modestly in November, Demand for Tech Talent Remains Strong

    In November, IT employment ticked down 0.12% from October, according to TechServe Alliance. On a year-over-year basis, IT employment was down 0.35% from November 2021, down a net of 18,900 jobs.  

  • IT Job Growth Rate Remains Flat Due to Ongoing Worker Shortage

    In September, IT employment dipped 0.13% over August’s numbers, according to TechServe Alliance, the national trade association of the Technology Staffing and Solutions Industry. While there have been small month-to-month variances, IT employment has been effectively flat for more than a year. 
  • Plenty of Demand but Lack of Talent Means Tech Employment Remains Flat

    September 2022 Index: August saw no change in IT job growth; it continues to remain flat, down 0.05% in August compared to July, according to TechServe Alliance, the national trade association of the Technology Staffing and Solutions Industry.
  • August 2022 Index: Flat Tech Employment Growth Indicative of Continued Talent Crisis in High-Demand

    Amidst troubling macroeconomic trends and talks of a possible recession, hiring defied all expectations with U.S. businesses adding 528,000 jobs in July. Compared to the broader employment trend, job growth in the IT sector remained essentially unchanged from June, down 0.02% in July ...
  • 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.