After months of dismal unemployment numbers, this morning’s continued growth in the unemployment rate from 9.4% in May to 9.5% for the month of June reinforces the fact that the U.S. is still very much in the midst of recession. Additionally, the U.S. Department of Labor reported today that employers cut 467,000 jobs in June, compared to 322,000 jobs in May. Unfortunately, the tech industry is still feeling the heat of the recession, with the rate of available jobs not improving much from the past few months, according to technology jobs site Dice.com.
Tom Silver, senior vice president of Dice.com, told us this morning that Dice.com is reporting a 44% year-over-year drop in job listings for the month of June. May’s year-over-year decline hovered around 45%. And Silver also points to a rise in the Department of Labor’s unemployment rate for the “Computer and Mathematics sector,” (the area best associated with the tech sector). June’s unemployment rate for the tech sector almost tripled year-over year, from 1.9% in June of 2008, to 5.4% in June of 2009. While Silver says that the tech job market is certainly better than during the fourth quarter of 2008 and the first quarter of 2009, the number of job opportunities have remained stagnant over the course of the past few months.
According to the TechCrunch layoff tracker, layoffs in the tech sector may be slowing down, which we reported in May. Layoffs are still taking place—the tracker has increased by 10,000 lost jobs over the past two months to a total of 340,000 individual layoffs. But there is a marked difference in the pace of layoffs from late 2008 and the first quarter of 2009, when layoffs were increasing by 100,000 every few weeks For instance, it only took three weeks for cumulative tech layoffs to go from 200,000 to 300,000 in February and five weeks for layoffs to go from 100,000 to the 200,000 mark before that in January.
Though companies are cutting back and limiting hiring for the near future, Silver says that there are still certain jobs within the tech sector that are in demand. Developers who are skilled in the areas of virtualization and IT security are among those in high-demand. And Silver maintains that tech companies are always in need of talented and skilled programmers. But for all the marketing and business development folks out there, demand usually picks up in line with the economy.
You can check out CrunchBoard for tech job listings.
Photo Credit: Flickr/Lisa Brewster