March Jobs Report Shows Positive Growth for ITApril 4th, 2014 | Articles, Hiring Resources, Job Search, Press Releases and Industry News | No Comments »
The March jobs report has just been released by the U.S. Bureau of Labor Statistics and the numbers appear positive. From the previous month’s original number, non-farm employment has continued to edge upwards, but will the outlook remain sunny?
Baby Steps for Employment
The number of payroll employees added across sectors in March was 192,000, a bit below the 200,000 predicted by of economists surveyed in the Wall Street Journal. At a first glance, this may be disappointing, but a look at the February Job report indicates that the job market is on a positive incline.
BLS findings initially indicated in the February job report that only 175,000 employees were added to non-farm payroll, and that number has been revised up to 197,000 in the current report. Tea leaves take time to settle and we can anticipate higher revisions for the March numbers when the April jobs report is released to the masses.
The Truth behind the Unemployment
The March jobs report indicated that the unemployment rate remained static at 6.7% nationwide. State by state, the February unemployment numbers range from 2.6% in North Dakota to 9.0% in Rhode Island with none breaking the double digit marker.
Moreover, the labor force participation rate inched in the right direction. The March jobs report suggested increased confidence in the job market as participation rose from 63.0% to 63.2%.
Impetus for the IT Industry
The Information Technology sector once again added a respectable number of jobs, increasing its payroll by 7,400 jobs last month. There were a few dips but most disciplines provided very positive numbers.
Let’s get the bad out of the way. Much the same as February, the Data Processing & Hosting sector dropped by 900 jobs. Making up for that was the Computer Systems Design & Telecommunications sectors which added 6,100 and 2,200 jobs, respectively. That suggests that developers, network engineers, QAs, and DBAs can all expect to see greater opportunities in the coming months.
Good News on the Horizon?
Any chance of further winter blizzards are slim. The average workweek was down to 34.2 hours in February, which affected take home pay and productivity for businesses across the United States. Even a rebound of an hour can make huge changes to the money companies earn and their overall hiring power.
Additionally, a recent Dice report suggests that with the increase in malware and security threats, there is potential for more hiring with cyber security companies. That’s not true across the board but AVAST, Kaspersky, and McAfee are all adding professionals to their U.S. teams.
by James Walsh