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Good morning, CIOs. The unemployment rate in the information-technology job market fell to 4.6% in April from 5% the prior month.
The IT job market size is also decreasing. Roughly 5% to 6% of unemployed IT professionals left the IT sector last month, according to consulting firm Janco Associates, which bases its findings on data from the U.S. Labor Department.
“They’re what I call ‘midlevel professionals’ that have been let go, who don’t have artificial intelligence experience,” Janco Chief Executive Victor Janulaitis tells the Journal's Belle Lin.
Across all sectors, employment in technology fields fell by approximately 214,000 jobs, according to CompTIA’s analysis of Bureau of Labor Statistics data.
Meanwhile, AI-related job postings have surged. April saw a 184% increase in AI and AI-related positions compared with the same month a year prior, according to CompTIA’s analysis.
But AI's impact is twofold. While demand for AI talent is increasing, the integration of AI technologies into business processes can also slow hiring.
For example, e-commerce firm Shopify notificed employees last month that it would only boost headcount if AI was not yet capable of doing the job. Read the story.
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