From DICE, January 21, 2009...
Let’s face it, aside from those working in the Obama memorabilia market, none of us are immune from this terrible economic situation. During the early days of these troubles, there was a lot of speculation the IT industry wouldn’t be hit. But we haven’t been so lucky. Even SAP and Google are laying people off.
The Bureau of Labor Statistics recently said the U.S. lost 260,000 information technology jobs in the fourth quarter, a 6.4 percent drop from the third. That sent IT unemployment to 3.2 percent, its worst level since early 2005, according to InformationWeek.
Furthermore, IT services provider Technisource’s latest IT Employee Confidence Index found IT professionals lost confidence in their job security, their ability to find a new job and how many job openings are out there. Some data points from the report for the fourth quarter of 2008:
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