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IT Remains a Bright Spot in Gloomy Jobs Data

 
 
 
 
 
 
 
 

Once again, IT employment rose in the face of otherwise horrible job numbers. Today's release of November statistics from the BLS shows a jump of about .2% 2.7% in computer systems design and related services. Management and technical consulting services, meanwhile, rose by an even smaller amount 1.7%. [Thnx to alert reader Bill Reynolds of Foote Partners for pointing out that I initially mistook the absolute job-growth numbers for a percentage gain.]

Manufacturing jobs in computers and electronic products continued to decline; the job losses were not steep -- about 1/2 of 1% -- but they included every sub-sector of the category.

The overall report was gloomy, showing a drop in nonfarm payroll employment of 533,000 jobs, and a rise in unemployment from 6.5 to 6.7 percent.

Last months numbers.

 
 
 
 

3 Comments for "IT Remains a Bright Spot in Gloomy Jobs Data"

  • Jeffrey Fisher December 12, 2008 7:16 am

    During downturns companies strong enough to weather the storm and invest in innovation and product development historically have done well. Firstone tire was a small company and refined tire making process and their tires during the 30's when WII kicked in, they were ready. Now is the time to prepare for next. Get our IT service support steady, track, and automated. Get development processes down for growth. Smart companies growth companies are hiring.

  • bill reynolds December 09, 2008 2:54 pm

    Wrong, Ed. The category "computer systems design and related services" grew up 2700 jobs, not 2.7 percent. That's only a 2/10's of one percent increase. Your other numbers are incorrect by the same account.

  • ted December 09, 2008 10:19 am

    You people clearly belong to the Bush camp of voodoo statistics and ignorance of relaity! Enough, I will read this dribble no more!! Signed Been out ever since these Bush nut cases started dismantling America!

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