New Pace report: Job postings for IT professionals show signs of recovery in Manhattan, Westchester

FOR IMMEDIATE RELEASE

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

INFORMATION TECHNOLOGY JOB MARKET SHOWS SLIGHT IMPROVEMENT IN MANHATTAN AND WESTCHESTER, NEW PACE U. REPORT FINDS

New York, NY – November 5, 2009 – Job postings for IT professionals are showing signs of recovery in Manhattan and Westchester County, according to the third quarter Pace/SkillPROOF IT Index Report (PSII), out today.

“Our last-quarter prediction that the Manhattan IT job market was bottoming out is clearly supported by this new data,” the researchers write. “While the overall labor market is still weak and the unemployment rate is at its highest level in more than half a century, we are cautiously optimistic about the Manhattan IT job market.”

The 3rd quarter data also show a slight improvement in the IT labor market in Westchester County. “Given the unemployment level of the nation as a whole, this is encouraging news for those seeking employment in the IT sector of the county,” the researchers say.

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, the index increased by one point from 42 to 43. Of the 11 categories tracked by the PSII, five showed strength, two remained flat and four declined. The consistency of data for the past three quarters is a reassuring sign that market improvement is not an anomaly and that the worst is over, according to the researchers. Database Administrators had the largest increase in openings, followed by Network Administrators and then Software Engineers, Systems.

In Westchester, the index increased from 41 to 43 with seven of the eleven categories of IT professions showing improvement over the last quarter. Among those categories the commanding increase was for Network Systems and Data Communications Analysts, for which the last two quarters had no postings, followed by Computer Support Specialists, with a 31 percent increase and Software Engineers, Systems with 16.8 percent.

The reports are available at http://www.pace.edu/pace/seidenberg/features-special-events/paceskillproof-it-index/

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

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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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