NY Metro Area’s Information Technology Job Market Shows Declines Due to Turbulent Economy

FOR IMMEDIATE RELEASE

Contact: Bill Caldwell, Office of Public Information, Pace University, 212-346-1597, wcaldwell@pace.edu

NEW PACE U. REPORT ON NY METRO AREA’S INFORMATION TECHNOLOGY JOB MARKET SHOWS DECLINES DUE TO TURBULENT ECONOMY

Researchers predict long-term upward trends will hold, demand surges for skill in virtualization and Ajax

New York, NY – January 9, 2008 – The trend line for Information Technology jobs in the New York metropolitan area is maintaining an upward slope, indicating a healthy future market for computing experts, according to the fourth quarter Pace/SkillPROOF IT Job Index Report (PSII), out today.

The PSII is a composite index that provides a snapshot of the IT job markets in Manhattan and Westchester County in separate reports. The indexes are based on 11 standard IT job categories defined by the U.S. Bureau of Labor Statistics.

In Westchester, growth slowed but future projections are promising. Openings for Computer Support Specialists grew the fastest since the third quarter of 2007, with an increase of 16 percentage points, followed by Other Specialists, up three percentage points, and Network Administrators, up two percentage points. Of the 11 categories comprising the index, three declined sharply, three increased moderately and three remained flat.

In Manhattan, most of the 11 categories showed a decrease with the exception of Computer Scientists, Research, which although below the long term trend still had a significant increase.

The reports are available at www.pace.edu/PSII .

Specialty demand. While the IT job market is tightening, the demand for some technology skills is growing. Two areas not tracked separately in the composite index include Virtualization, a technology that allows multiple operating systems to run on the same computer (demand for this skill grew 70% in 2007 and 183.3% since November 2005) and Ajax (Asynchronous JavaScript and XML), a programming technique to make Web pages more interactive. In 2007, demand for specialists with this skill rose 50% in the NY Metro area.

“Although the financial industry in Manhattan has been hit hard, the IT sector has done better than the labor market as a whole,” said Norman J. Jacknis, Chief Information Officer for Westchester County and commissioner for the county’s Department of Information Technology in White Plains. “Over the long run, it is clear that IT employment in this area is on a steady growth curve, and there is nothing in this report to indicate any decrease in the number one position this area holds as an IT employer.”

The partners. The PSII was developed and is calculated by Farrokh Hormozi, PhD, professor of economics and public administration in Pace University’s Dyson College of Arts and Sciences. It is based on labor market data provided by Henning Seip of SkillPROOF, Inc. The index is produced under the auspices of Pace’s Seidenberg School of Computer Science and Information Systems.

A private metropolitan university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in the Dyson College of Arts and Sciences, Lienhard School of Nursing, Lubin School of Business, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu.

SkillPROOF Inc. is a technology firm specializing in job market research. Headquartered in New York City, since 2003 it has tracked and analyzed job openings from brand name employers in the United States, using proprietary Internet technology. www.skillproof.com

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