Only 200 IT jobs were added in May, down from 6,600 new tech jobs in April.
A disappointing U.S. jobs report hammered the stock market in May, and the job market for IT professionals doesn't look any better. The number of tech positions added in May was dismal, according to research from management consulting firm Janco. In the immediate future, IT contractors are in stronger positions than their staffer counterparts. Many CIOs surveyed are looking to address current needs with temporary, hired hands. "There had been some hope that the job market had turned the corner and that confidence was going to be high," says Victor Janulaitis, CEO of Janco. "That is not the case. Companies continue to pull back, with announced staff reductions at HP and several other companies." The outlook isn't expected to improve any time soon. Janco doesn't anticipate a rebound until after the elections as uncertainty over 2013 tax rates keeps companies cautious. More than 105 CIOs took part in the research.
Dennis McCafferty is a freelance writer for Baseline Magazine.
Some of the products that appear on this site are from companies from which QuinStreet receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. QuinStreet does not include all companies or all types of products available in the marketplace.