Latest jobs report show mixed outlook for IT hiring
VAR_Staffing / VAR Staffing
Last week, the U.S. Bureau of Labor Statistics released its latest jobs report and the numbers were met with a mixed response. The economy added 195,000 new jobs last month, which surpassed many experts' predictions of 155,000. However, the unemployment rate remained steady at 7.6 percent.
Certain industries experienced a better outcome than others. One of them was the IT channel. According to the report, 9,900 technology jobs were created in June. That is an increase of nearly 2,000 opportunities from May. Over the last 12 months, the IT job market has added 88,900 jobs and the over-participation rate increased to 63.5 percent.
However, a closer look at the numbers show a contradictory outlook, even with new jobs and a growing IT skills gap. It starts with salaries remaining flat, according to the Janco Associates' "Mid-Year IT Salary Survey." Janco CEO Victor Janulaitis said in the report that IT Principals are cautious to add to their technology teams.
"Based on our interviews with over 96 CIOs in the last 30 days, we concluded that CIOs are not in a great hurry to hire new staff except to meet short-term needs until they see a clear trend as to what is happening with the economy," Janulaitis said. "Sixty-seven percent of the CIOs we interviewed do not see any real push to expand staffing over the next 12 months."
It seems clear that even if IT executives are slow to hire, the IT sector is a hotbed of opportunity. While some companies are slow to bring in new hirers, others are adopting technology for the first time and need a hand. However, finding the right combination of skills in a single candidate is not always easy. That is why a partner like VAR Staffing can become a valuable resource to help VARs and MSPs identify impactful talent.