The April Jobs Report Reveals Huge Gains in the IT IndustryMay 2nd, 2014 | Articles, Industry News, Job Search | No Comments »
The April Jobs Report is out, and the numbers for the IT industry couldn’t be better. As spring kicks into full gear across the country, the economy – particularly the tech sectors – is experiencing a major revival. While the numbers aren’t perfect overall, there is much to look forward to in the coming months.
According to the April Jobs Report put out by the Bureau of Labor Statistics, 288,000 non-farm payroll jobs were added in March. The BLS numbers from February were also revised upward from 192,000 to 203,000.
The unemployment percentage fell to its lowest point in five years, dropping .4 points from 6.7% to 6.3%. Unfortunately, the labor participation rate also fell from 63.2% to 62.8%, showing that less people overall have entered the fulltime workforce.
Great Gains for the IT Industry
The BLS numbers from the April Jobs Report showed fantastic gains for the IT industry. While the numbers from recent months left certain sectors in the dust, the April report revealed that 11,900 jobs were added to the industry in March. Not one sector posted a loss in jobs.
Telecommunications saw a 2,900 job increase in its numbers, Computer Systems Design was up 8,900, and even Data Processing & Hosting inched upward with 100 jobs added.
There may be skepticism in the economy overall, but there is none to be had when it comes to tech jobs.
What to Look Forward to
Internet security is seeing a huge rise in the wake of the Heartbleed bug that left large portions of the internet susceptible to intrusion. When you combine that with recent data breaches at Target and the Internet Explorer Security Bug, IT security is set to expand in the coming months.
The Supreme Court is also set to rule on several tech cases in the coming months. Already in motion are cases to decide the future of software patents, Internet streaming services (Aereo), and the legality of law enforcement conducting searches on smartphones.
By Kevin Withers