Monthly IT and Technology Jobs Report – October 2020

IT and Technology Jobs Report Oct 2020 Unemployment Rate for IT and Tech Jobs* Oct 2020: 2.8% Sept 2020: 3.5% Oct 2019 (last year): 2.2% Total IT and Tech Jobs* Oct 2020: 5,351,000 Sept 2020: 5,209,000 Oct 2019 (last year): 5,324,000 US Economy Jobs Added Oct 2020: 638,000 Sept 2020: 661,000 Oct 2019 (last year): 185,000 US Unemployment Rate Oct 2020: 6.9% Sept 2020: 7.9% Oct 2019 (last year): 3.6% Source: Bureau of Labor Statistics "Small business optimism about the U.S. economy softens with 53% expecting the economy to improve in the next 12 months, a 3-point decline from last [...]

Monthly IT and Technology Jobs Report – June 2020

IT and Technology Jobs Report June 2020 Unemployment Rate for IT and Tech Jobs* June 2020: 4.3% May 2020: 3.7% June 2019 (last year): 1.5% Total IT and Tech Jobs* June 2020: 5,990,000 May 2020: 5,763,000 June 2019 (last year):  5,443,000 US Economy Jobs Added June 2020: 4,800,000 May 2020: 2,509,000 June 2019 (last year): 182,000 US Unemployment Rate June 2020: 11.1% May 2020: 13.3% June 2019 (last year): 3.8% Source: Bureau of Labor Statistics "over half of SMB of CEOs (54%) believe the economy will improve over the year ahead" Source: Vistage SMB CEO Survey  

Deep Dive in May COVID Job Losses and Gains

Since the COVID Event started, The US has had over 42M unemployment claims and lost 17.7 million jobs. Both numbers are interesting to follow. Keep in mind that when a person goes back to work, the unemployment stops, but they are still tallied in a previous week’s unemployment Typically the unemployment claims and job losses/gains move in a tightly coupled manner. We do not expect to see that for a while. In May we had 9.6M Unemployment claims and added 2.27M jobs back. While 2.27 sounds good, we are still down 17.7M jobs since February. Take the good news [...]

Additional Insight into Corona Virus Related Job Losses

Since the Corona Virus Event started, The US has had over 33 million unemployment claims and lost 21.2 million jobs. First, a quick primer on why the is a 12 million difference between the unemployment claims and job losses. Unemployment claims are a hard tally. Someone had to personally file a claim to get counted. Job losses is a statistical sampling done by the Department of Labor. It relies on companies revealing their interpretation of the job loss. A furloughed job may not count as a loss. The two typically move close in tandem. Not so when there is [...]

Monthly IT and Technology Jobs Report – February 2020

 IT and Technology Jobs Report February 2020 Unemployment Rate for IT and Tech Jobs* February 2020: 2.4% January 2020: 3.0% February 2019 (last year): 2.3% Total IT and Tech Jobs* February 2020: 5,672,000 January 2020: 5,632,000 February 2019 (last year): 5,392.000 US Economy Jobs Added February 2020: 273,000 January 2020: 225,000 February 2019 (last year): 1,000 US Unemployment Rate February 2020: 3.5% January 2020: 3.6% February 2019 (last year): 3.8% Source: Bureau of Labor Statistics “The CEO Confidence Index reached 105.7 in February, a 15 month high.” Source: Vistage CEO Survey