IT Employment Hits Another All-time High in July; Bucking Strong Downdraft of General Employment Market

2008-08-04 16:18:00

IT Employment Hits Another All-time High in July; Bucking Strong Downdraft of General Employment Market

    ALEXANDRIA, Va., Aug. 4 /EMWNews/ -- While the general

employment market remains anemic, IT employment reached another all-time

high in July, according to the National Association of Computer Consultant

Businesses (NACCB), which tracks monthly IT employment.



    The association reported IT employment reached 3,907,000 in July, a

record high. While the July gain was modest (2,800) from the previous month

(following a small downward revision in June's numbers), IT employment has

turned in a strong performance over the past year. From July 2007 through

the current month, IT employment is up 251,000, or 6.7 percent -- far

outpacing the general employment market.



    "While IT has not been immune to the negative macroeconomic trends, it

appears that a number of companies in IT and IT employment are

outperforming the general economy. This is in stark contrast to the last

major economic pullback where IT and IT employment dramatically

underperformed the broader economy and job market," commented Mark Roberts,

CEO of NACCB.



    The IT employment index is published by the National Association of

Computer Consultant Businesses (NACCB), the national trade association

representing IT staffing and solutions firms. For complete IT index please

visit http://www.naccb.org/employment-index/.



    Technical note: NACCB's IT Employment Index is the first specific

measurement of IT employment. This unique measurement of total IT

employment is created monthly by studying the ongoing staffing patterns of

a dozen IT and computer related occupations in 16 industries and industry

sectors employing significant numbers of IT workers including the

manufacturing, wholesale and retail trade, financial, information services,

business and professional services, and education and health industries.

The monthly IT Employment Index is based on U.S. Bureau of Labor Statistics

(BLS) data, which is subject to monthly revisions, with concomitant

revisions to the Index. The IT Employment Index is also subject to annual

revisions of BLS data. The IT Index was rebenchmarked in February 2008 with

the publication of the BLS January 2008 employment report, reflecting

significant revisions of employment data from the past several years.





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