New IT Job Listings Fall 40% in February

Posted on Posted in IT Jobs, Technology

 

New IT job postings fell 39.4 percent in February, according to Greenwich.HR. The number of days that job postings remain open also increased by an average of 20 percent. Which suggests access to IT talent is getting even tighter.

 

Is This A Sign That IT Spending Is Slowing?

 

“It's too early to say that" said Cary Sparrow, CEO of Greenwich.HR. “Candidates are getting even tougher to find. I would expect the rate of new IT job openings to remain sluggish until the current backlog of open jobs comes down.  Since most of these  job listings precede actual hiring by 30-60 days, IT hiring is likely to ramp up more slowly than expected.  Companies with urgent IT project initiatives can compensate by using contractors more."

 

Demand for project-focused roles, appears to have plateaued during February. Listings for application developers and IT consultants fell by 9.1% and 11.2% respectively. Demand for architecture, data analysis, and security skills remained strong.

 

Greenwich.HR collected its February data from 19.4 thousand companies across the US. For the more complete analysis, visit Greenwich.HR

 

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