Steady job growth continued its onward march for both the information technology and engineering industries in April. Market Watch reported 17,000 additional information technology jobs, a 4 percent increase from prior statistics. This marks the fourth consecutive month of IT employment growth, spurned by several developments in the information technology world.
Cloud computing is on the rise, with greater numbers of Fortune 1000 companies and other ambitious firms assimilating this advantageous data storage technique into their IT schema. TechNavio predicts unrivaled operational gains for companies that readily ascend to the cloud and, in correlation, growth for cloud and SaaS savvy developers. Software Developers will also see gains. The U.S. Department of Labor anticipates vibrant position openings from 2010 through 2020, as application innovators, healthcare groups and electronic medical records firms vie for Software Development dynamos.
Engineering positions saw a 7.4 percent increase according to Department of Labor fact-finding. With petroleum engineering increasing in states like Oklahoma and with overall engineering unemployment at 7.5 – under the new national average of 8.1 – prospects are persistently on the rise.
On the business side, 27 percent of companies confidently reported to Deloitte LLC that they do not plan to seek outside financial funding, suggesting a return to greater stability in corporate accounts. So now, all that remains, as in any instance of potential energy, is a move in the right direction.
Sources: MarketWatch, Dice, Harvard Business School, U.S. Department of Labor