New Pace U. Report Shows Decline in Information Technology Job Markets in Manhattan and Westchester
FOR IMMEDIATE RELEASE
Contact: Bill Caldwell, Office of Public Information, Pace University, 212-346-1597, firstname.lastname@example.org
WITH SOME EXCEPTIONS, NEW PACE U. REPORT SHOWS DECLINE IN INFORMATION TECHNOLOGY JOB MARKETS IN MANHATTAN AND WESTCHESTER COUNTY
Demand for research computer scientists increases in Manhattan; Westchester posts slight growth of openings in Network Systems and Data Communications Analysis
Computing school dean encourages “long view”
New York, NY – October 16, 2008 – Information Technology job openings in Manhattan and Westchester County showed declines during the third quarter in eight of 11 commonly-used categories, according to the third quarter Pace/SkillPROOF IT Job Index Report (PSII), out today.
The decline was most pronounced in Westchester County, where the IT job market had its worst quarterly slide since the PSII was created in 2005. The index dropped more than 100 points during the third quarter, in contrast to the strong growth of over 40 points reported last quarter.
The PSII is a composite index that provides a snapshot of IT job openings at major firms in separate reports for Manhattan and Westchester County. The 11 standard IT job categories are those defined by the U.S. Bureau of Labor Statistics.
In Manhattan, the IT job market experienced a mild 30-point decline during the third quarter. The category of Computer Scientists, Research maintained its upward trend of the last three quarters. Of the other 10 categories, eight showed a steady decline, and two were essentially flat. Of the latter two, Network and Computer Systems Administrators held steady, and Other Computer Specialists declined slightly.
Even so, “the resiliency of the IT job market in New York City is expected to continue through the next two to three quarters,” the report says.
In Westchester, of the 11 job categories, only Network Systems and Data Communications Analysts exhibited growth with a slight upturn near the end of the quarter.
Long view. “As the nation and the world adopt a ‘wait and see’ economic attitude, we at the Seidenberg School of Computer Science and Information Systems take the ‘long view’ of IT jobs,” said Constance A. Knapp, the Interim Dean. “This issue of the Pace/SkillPROOF IT Index Report provides a context in which to understand the volatility of the labor market in the New York area in general and in the IT field specifically.
“As many IT professionals take stock of their careers at this crossroad, some might decide to sharpen their skills. The Seidenberg School is uniquely positioned to respond to the need for up-to-date education since we offer programs at the graduate level designed to meet the demands of today’s marketplace.”
The reports are available at www.pace.edu/PSII.
The Index partners. The PSII was developed and is calculated by Farrokh Hormozi, PhD, a professor of economics and public administration in Pace University’s Dyson College of Arts and Sciences. It is based on labor market data showing actual, listed openings that is 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. www.seidenberg.pace.edu
For 102 years Pace University has produced “professionals who think” by providing 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