IT Job Market Shows Signs of Recovery in Manhattan and a Slowing Decline in Westchester

FOR IMMEDIATE RELEASE

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

INFORMATION TECHNOLOGY JOB MARKET

SHOWS SIGNS OF RECOVERY IN MANHATTAN

AND A SLOWING DECLINE IN WESTCHESTER,

NEW PACE U. REPORT FINDS

New York, NY – July 20, 2009 – The number of information technology job openings showed a slight increase in Manhattan, according to the second quarter Pace/SkillPROOF IT Index Report (PSII), out today.

“Although it may be premature to say the labor market decline of the past several quarters is finally over, the prediction that the Manhattan job market might bottom out that was made in the 1st quarter Report is supported by the one percent increase in the number of job openings in the 2nd quarter,” the researchers wrote. “The index of job postings rose from 41.7 to 42.2, a slight increase, but significant in its implications.”

The index of IT job listings in Westchester County dropped by 4 points from 45 to 41, but the report suggests that the decline is slowing and may follow Manhattan by year’s end.

The PSII is a composite index produced by Pace 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, of the 11 categories that comprise the index, seven had relatively strong growth, while four declined. Of the categories showing growth, the strongest was Computer Programmers, up by 2 points from 17.9 to 19.9. Of the four declining categories, Software Engineers Applications decreased by 1.5 points from 18.5 to 17.

In Westchester, Computer Support Specialists had the healthiest increase, followed by IT Managers and Data Base Administrators. On the opposite end of the spectrum, Software Engineers, Applications showed the steepest drop among the seven categories exhibiting weakness. The declines in the other six categories, however, were relatively minor.

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

The Index partners. The PSII was developed and is calculated by Farrokh 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 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 103 years Pace University has produced thinking professionals by providing high quality education for the professions 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 nearly 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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