Only 700 net new IT jobs added in US in 2023

In a surprising twist for the tech industry, the U.S. IT job market experienced a steep downturn in 2023, adding only 700 jobs compared to the 267,000 jobs in 2022. This dramatic shift, as reported by Janco Associates using U.S. Bureau of Labor Statistics data, suggests a significant shift in the IT workforce.

The report indicates that while over 21,000 IT jobs were created in the last quarter of 2023, the overall growth remained stagnant due to mass layoffs. Interestingly, despite these layoffs, there remains a surplus of vacant IT roles, with about 88,000 positions unfilled.

This paradox is attributed to a skills mismatch in the industry, with a high demand for professionals skilled in AI, security, development, and blockchain, while entry-level positions are increasingly automated. Salaries in AI-related roles are on the rise, suggesting a pivot towards different skills in the IT sector.

Sources include: The Register

Jim Love
Jim Love
I've been in IT and business for over 30 years. I worked my way up, literally from the mail room and I've done every job from mail clerk to CEO. Today I'm CIO and Chief Digital Officer of IT World Canada - Canada's leader in ICT publishing and digital marketing.

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