It’s Yes Vacancy: Tech Hiring Is On The Rise In The U.S.
Tech hiring is on the rise in the U.S. The recession that hit the U.S. is slowing pace and, the U.S. industries are showing positive signs of growth slowly.
Two independent assessments recently have revealed that fresh hiring in the Information Technology arena in the United States accounts close to 10% of the total job growth in the country.
With the rise in job, the recruitment industry is also looking for new avenues of subsidiary services, such as job application tracking system development, employee skill development, leadership improvement programs etc.
After long wait and much speculation on whether the economic scenario will ever alter, here is some good news, finally.
The Job Facts in the U.S.
If we look into the data, these are both encouraging as well as discouraging.
While according to Foote Partners, there is a total gain of 18,200 new jobs alone in the month of June, at the same time companies like IBM, hp, and Symantec are considering trimming down their employee strength.
Good thing, among the ups and downs is that total hiring in June’ 2013 has reached to 4.47 million, amounting to an increase of a little above .51% (22,600 new jobs) compared to May’ 2013.
This data signifies the details excluding the tech manufacturing figures.
Agencies and analysts studying the US job maker and Labor Department data have cited that until the first half of 2013, IT hiring is contributing an average of about 13,500 new jobs per month.
The new jobs added are mostly in part-time position (freelance options) and low-wage full time positions.
The growing tendency of IT jobs segment is further supported by a steady wage, which is another good point at this moment of time.
US Economy Adding More Jobs
In June 2013, the US economy added a little less than 200,000 (195,000) jobs, which in the eyes of certain IT experts is still not a big reason to rejoice.
This is why; apparently, IT companies are not in great hurry to jump into recruitment spree all of a sudden.
This is also the reason why despite good positive signs of IT hiring UNUNIFORM across the industry, the salary has remained flat.
The data of different analysts may vary a bit; however, the general trend is that US economy is gradually picking up the pace.
Maybe, it is because of the extra cautiousness of the recession hit economy, for which US industries have not yet declared the news, but the Labor Department also has revealed in its monthly Job Openings and Labor Turnover Survey (JOLTS) that overall employment rate has ticked up to 3.3% during May 2013.
Leaving aside the recent contributor – IT, these jobs are mostly created in Retail, restaurant and temporary help sectors. Travel and hospitality, which once was among the top contributors, is yet to be back to the list.
Hence, there is every good reason to celebrate.
Reasons, Still to Worry
This time, industry and government, would definitely like to sustain the increased labor employment trend as there is still a relatively high (though has fallen from 10% rate since 2009) unemployment rate of 7.6%.
The grave situation that US economy has already lost 8.5 million jobs so far. However, sighs of positivity have shown up, still with the present optimism, it will take seven more years to fill the JOB LOSS gap.
These analyses just miss out to report properly on the quality of the jobs created, which is indicated by the wages associated. Practically, US economy has not created lucrative job avenues.
Rather, the IT recruitment, which accounts for the recent joy also added more part time and low-wage full time options.
Good news, obviously. But, enough to celebrate? Chances are there, US economy may recuperate in a year or two.
What about the European Union? When I think about the EU, the situation seems critical both in intensity and in nature.
Job market turbulence and unemployment are yet to be properly addressed. Different regions with different issues.
Most of the IT services are outsourced to Asian countries, due to economies of scale.
What About You?
How the job market improvement in the US has gone in your favor? What do you think about the US and EU economic crisis and chances of recuperation. Do you think the job growth will sustain and will catch up in other market domains?
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About the Author
Mohit Aggarwal is a seasoned blog writer and technology enthusiast. He has been contributing to several blogs on topics like technology, cloud computing, social media, internet marketing, travel etc. for past couple of years.