While overall job numbers from the last few years have fluctuated like a roller coaster, the demand in the IT channel for impactful talent has kept technology hiring statistics above average. However, it appears as though this may be coming to an end, at least momentarily. According to a report from the blog IT Jungle, the strong job numbers that were reported at the start of the year saw a slowdown in March.
In the piece, an executive from Janco Associates spoke about the latest jobs report from the U.S. Bureau of Labor Statistics, which shows a slowing rate of job creation in the IT job market. In January, it was reported that 9,800 IT opportunities were created. That number dropped to 5,700 in February and fell to 5,400 in March. This is a trend that is expected to continue.
"For the first time since the dot-com bust, Janco's metrics show that hiring by CIOs is at a standstill," said Victor Janulaitis, CEO of Janco Associates, "There is a high degree of uncertainty in the economic climate."
The research firm also conducted a survey last month of nearly 100 CIOs in North America and compared those results with responses from several employed IT professionals. The report found that IT hiring is drastically slowing down, with only 12 percent of executives saying they will be looking to expand the size of their IT departments. Also, the main focus of any hiring would be on replacing any critical staff.
Finding the right technology talent is becoming harder, especially as those solutions become more critical to how businesses operate. As more companies turn toward solution providers to help them meet growing challenges, those MSPs and VARs that have partnered with VAR Staffing can ensure they are offering the best possible options.