New Pace U. Report Shows Strong Information Technology Job Markets is Manhattan and Westchester

FOR IMMEDIATE RELEASE

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

NEW PACE U. REPORT SHOWS STRONG INFORMATION TECHNOLOGY JOB MARKETS IN MANHATTAN AND WESTCHESTER COUNTY

Manhattan defies overall employment decline; 44% Westchester growth deemed ‘remarkably robust’

New York, NY – July 16, 2008 – Information Technology job openings in Manhattan and Westchester County showed growth during the second quarter in seven of 11 commonly-used categories, according to the second quarter Pace/SkillPROOF IT Job Index Report (PSII), out today.

The growth was most pronounced in Westchester County, where the IT job market grew at a rate of 44 percent over the first quarter. The overall IT growth in Manhattan was one percent, still a contrast to employment declines in other sectors.

The PSII is a composite index that provides a snapshot of IT job openings at major firms in Manhattan and Westchester County in separate reports. The 11 standard IT job categories are those defined by the U.S. Bureau of Labor Statistics.

In Manhattan, the largest gain was for Computer Programmers, followed by Computer Support Specialists and Network Administrators. Among the few categories that lost ground in the second quarter were Software Engineers Applications followed by IT Managers. Demand for Other Specialists remained flat.

In Westchester, seven job categories showed improvement in the second quarter: IT Managers, Computer Scientists Research, Computer Programmers, Software Engineers Systems, Systems Analysts, Database Administrators, and Network and Data Analysts. The Software Engineers Applications market was one of three IT categories that declined, along with Network Administrators and Other Specialists.

“The market for Other Specialists runs counter to the rest of the IT job market,” said Farrokh Hormozi, PhD, a Pace University economist and co-investigator of the index. “These are the ‘general computer people.’ When the market shows improvement, businesses seem to hire more specialists. As a result, the sharp drop in demand for these generalists – which showed up in both the first and second quarters, may not be a bad sign for the overall industry.”

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

The partners. The PSII was developed and is calculated by Hormozi, a 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.

For 102 years Pace University has provided high quality professional education resting on a firm base of liberal learning amid the advantages of the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, New York, enrolling more than 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, Lienhard School of Nursing, 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 Bridgeport, Connecticut, 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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