IT Employment On The Rise

Julie Shenkman
Posted by in Technology


In November 2008 IT employment reached 4 million, just two months after bankruptcy was declared by Lehman Brothers and Hewlett-Packard announced their plan to lay off 25,000 workers. After this milestone however, the economy began to rapidly worsen and layoffs were increasing. By mid-2009, almost 200,000 IT jobs disappeared. The numerous layoffs hit mainly the older IT workers, especially women above 55 who had an unemployment rate of 9.5%. After three hard years, the IT employment rate is again on the rise and is even surpassing the November 2008 record of 4 million. It has continued to increase for 16 straight months and is presently at 4,009,000 jobs. Unfortunately for Hewlett-Packard, it is being hit hard by slumping PC sales and is down 5% in its personal systems group. Their net profit on revenue is growing however, so hopefully this will promote strong growth in the future.
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  • Michael F.
    Michael F.
    As an unemployed IT guy it is good to see that IT employment is on the rise again. I also recently interviewed with the Hewlett-Packard company for a Print Operator position and have received notification of a second interview. It is good to know that the Hewlett-Packard company's profits are also on the rise.
  • Taimi
    Taimi
    Thanks a lot. You answered my questions

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