In April, the US jobs market unexpectedly added 39,000 jobs, yet IT professionals were largely disadvantaged, with a reported loss of 10,600 IT jobs. The unemployment rate for IT professionals slightly fell, contradicting the overall increase in tech unemployment noted by CompTIA. Factors like automation and workforce shifts away from IT roles have contributed to this discrepancy. Janco's analysis highlighted companies' hesitance to hire due to cost-cutting measures, while AI implementations represent a rare area of opportunity within the sector.
"We believe that many low-skilled, legacy-skilled IT pros, or displaced IT professionals, have stopped looking for jobs in the IT sector," he said.
"Companies do not have the desire to hire new staff to meet mandated compliance requirements," the CEO wrote in Janco's April jobs report.
AI implementations are one bright spot in the US tech jobs market, Janco found.
A declining stock market has left companies fearing a downturn and therefore reticent to invest in new talent.
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