March 2014 Jobs Report Marks a Major Milestone

by Modis on April 7, 2014

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March 2014 National Jobs Report Modis

The March 2014 BLS Jobs Report marks a significant milestone: all jobs lost in the 2008 crisis have now been recovered by the private sector. 192,000 jobs were added in March, and many speculate that this could be a sign the winter slowdown was only temporary and this could be a significant positive shift for employees and wages.

The increase in jobs falls slightly short of expert predictions, but that may be attributed to the  lack of growth in the government sector. The unemployment rate remained unchanged at 6.7%.

IT-Specific Stats for March 2014

March 2014 IT Job GrowthA closer look at the IT industry in March shows over 2.95 million people employed. Employment in Professional and Business Services – which includes IT – led the pack in job growth this month by adding more than 57,000 new jobs since February. Of those jobs, 9,600 were specifically in IT.

The new IT jobs consisted of 6,100 computer systems design and related services and 3,500 management and technical consulting services. Additionally, recently released data from the Partnership for New York City shows a 21% rise in tech employment in the area since 2006.

The Bottom Line

This March milestone is a confirmation to our belief in the continued growth of the IT industry. With over 60 branches throughout the US, we’re ready to help you attract top IT talent to your organization. Contact us today.

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