WSJ: IT Unemployment creeping up, hits 4.3%

Sharing is Caring!

The unemployment rate in information technology rose to 4.3% last month, well above the overall jobless rate of 3.8%, an indication that growth in traditional IT careers and entry-level roles could be slowing amid an artificial-intelligence boom.

See also  Thunderstruck! US Unemployment Rate Is 8.7%, More Than Double BLS Estimate Of 4.1% (Mortgage Rates Rising With Declining BLS Estimates)

There were 117,000 unemployed IT professionals last month, an increase from 106,000 in August, according to a report from consulting firm Janco Associates, which based its findings on data from the U.S. Department of Labor. Job reductions in the IT sector, which includes software, telecommunications, information services, and data processing, totaled 14,300 in the last three months.

www.wsj.com/articles/it-unemployment-soars-to-4-3-amid-overall-jobs-growth-2bbb1140

Views: 38

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.