IT Job Growth Slowing according to Janco Assoicates

November 09, 2015 (PRLEAP.COM) Business News
November 9, 2015 - Park City UT Data from the BLS shows that the rate of increase in the number of IT jobs is slowing. After reviewing the data and factoring in Janco's interviews with 92 CIOs, Janco has revised its forecast for the number of IT jobs to be created in 2015 from 160,000 to 145,100.

The CEO of Janco, M.V. Janulaitis said, "CIOs are now more cautious in their hiring earlier in the year Granted by October 2015 112,400 jobs had been created in the year versus the 81,200 in 2014. The trend for increased hiring is slowing down." He added, "For the last two months of the year we forecast slightly more than 30,000 new IT jobs will be created."

In addition the CEO said, "From what we have seen of projections that CIOs have with us, we think that the possibility of a major up-turn in new IT hiring is slight at best." Also he added, "With the recent volatility in the financial markets, election year uncertainty, and international instability; CIOs and executive management will need to make some very difficult decisions over the next several months.

Janco is an international consulting firm that follows issues that concerns CIOs and CFOs and publishes a series of IT and business infrastructure HandiGuides® and Templates including a Disaster Recovery/Business Continuity Template, Security Template and IT Salary Survey.

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Janco Associates