IT Hiring Stalled in March According to Janco

BLS data shows new job creation is almost nonexistent, hiring is limited to replacing critical staff according to Janco Associates

"Hiring for information technology workers stalled in March, according to a report by Janco Associates, Inc. Companies were reluctant to hire in an uncertain economy, and also were discouraged by the financial impacts of sequester, tax considerations and the cost of healthcare insurance for new employees."   - Wall Street Journal April 9, 2013

"According to BLS there were only 5,400 jobs created for IT professionals – down from 9,800 created in January," said M.V. Janulaitis, CEO of IT consulting company Janco Associates, adding that more people are leaving the job market, contributing to falling unemployment numbers.

"In telephone interviews of 97 US based CIOs in late March, we found that many companies are uncertain of which way the economy is going with sequester, tax increases and unstable world political situation. CIOs continue to closely manage their overall FTE (full time equivalent) headcounts level and adding staff for critical new developments," Janulaitis said, adding that the number of bullish CIOs has declined.

One notable exception is in the health care sector, where the IT job market continues to expand, which Janulaitis attributes to the implementation of electronic patient records (see chart above).

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