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DC IT Jobs Increase While Industry Decreases

Posted on December 8, 2008

Amidst an economy that is shedding several technology jobs, DC IT jobs are continuing to grow.

Companies throughout the industry, from large publicly traded companies to smaller startup companies, have eliminated thousands of workers because of the current economic downturn. And the worst isn’t over yet, according to an article by The Wall Street Journal. However, Washington, D.C. seems to be weathering the storm.

A recent Dice.com survey of corporate hiring managers and other professionals who recruit technology workers showed that there will be fewer job options and more layoffs in the technology industry during the next six months. It also was found that of those who responded to the survey, 20 percent said layoffs were likely within their company, a 9 percent increase from June, and 72 percent said the current state of the economy has caused them to reduce hiring during the next six months, up from 53 percent in June.

On Dice.com alone, the number of jobs posted has decreased by about 5 percent for the first eight months of this year, while the number of open jobs is down about 25 percent from last year. At the same time, the number of job applicants has increased by 15 percent. Postings for technology jobs in Silicon Valley have decreased the most, dropping 41 percent from last year.

However, job postings for technology jobs in Washington D.C. have increased by 6 percent, mostly because of federal government hiring. According to the United States Department of Labor Bureau of Labor Statistics, the district’s government industry employed 235,000 workers during October 2008, up from 232,700 during September, and an increase of .5 percent from last year.

“There definitely is a shift,” Tom Silver, Dice.com’s senior vice president and chief marketing officer, said in the article. “There have been changes in overall sentiment and the number of tech jobs is declining as the number of people applying for jobs is going up.”

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