The Evolving IT Labor Market

We’re constantly hearing in the news about a still sluggish economy, unemployment stuck around 7 percent and only moderate job gains in the monthly employment situation report.  But in the very next sentence we hear of shortages in skilled talent and companies struggling to fill their labor needs.  How does this translate for companies sourcing IT talent in North America? The IT labor market is in a state of evolution. Unemployment rates for IT labor, before, during and after the recession, have typically been low. In some markets for some critical IT skills, unemployment is as low as one percent or less! This, combined with other factors, drives up bill rates and makes for very challenging sourcing conditions. This infographic traces out specifics and shares third-party and proprietary data to paint a very realistic picture of this in-demand talent pool.

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For more information on contract labor please click here now to view Allegis Group Services’ latest research on the best practices in managing the contingent workforce.

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Krista Palmisano
Krista Palmisano is a lead research analyst, labor market analytics, for Allegis Group Services.

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  1. […] The IT labor market is in a state of evolution. Unemployment rates for IT labor have typically been low, and combined with other factors, this drives up bill rates and makes for challenging sourcing conditions. Krista Palmisano provides an infographic that traces out specifics and paints a picture of this in-demand talent pool in a new blog post in The Staffing Stream. Palmisano is a lead research analyst, labor market analytics, for Allegis Group Services. To read the post, click here. […]

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