FOR IMMEDIATE RELEASE
Contact: Bill Caldwell, Office of Public Information, Pace University, 212-346-1597, email@example.com
IT Job Market Down Slightly in Manhattan, Remained Flat in Westchester County, New Pace U. Report Finds
New York, NY – January 24, 2011 – The Pace SkillPROOF IT Index (PSII) registered 109 in Manhattan during the fourth quarter of 2010, approximately 8 percent lower than in the previous quarter, and remained flat at 141 in Westchester County.
“The decrease in quarterly demand in Manhattan was minimal considering the impressive overall improvement throughout the year,” the researchers write. “On an annual basis, the IT labor market in Manhattan increased by more than 73 percent compared to the fourth quarter of 2009.
“In Westchester, the year-over-year comparison showed significant improvement, unlike the national labor market,” they write. “Relative to the final quarter of 2009, the Index registered an increase of 37 percent, jumping from 85 to 141. On a yearly basis, six categories increased significantly, three declined and two remained flat.”
Of the eleven categories that comprise the PSII, in Manhattan, seven dropped relatively significantly and four increased slightly. On the down side, the biggest loser during the fourth quarter was Computer Scientists, Research, which dropped by 31 percent but still was up by 57 percent for the year, followed by Computer Programmers, down by 22 percent on a quarter-to-quarter basis, but up 49 percent for the year. On the upside, demand for Other Specialists rose 13 percent this quarter and better than 74 percent for the year.
In Westchester, for the year, the demand for Network Administrators grew by over 900 percent followed by demand for Systems Analysts at more than 370 percent. On the low side, annual demand for Computer Support Specialists decreased by more than 80 percent, even though it showed signs of recovery with an 18 percent increase during the fourth quarter. The one profession demonstrating significant fluctuation in demand was Network and Systems Analysts, which dropped 78 percent in 2010 but had remained relatively flat for the previous three years with a slight increase of 2 percent in the last quarter of 2009.
The PSII is a composite index produced by Pace using data from the SkillPROOF company 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.
“As an IT staffing professional, I concur that the job market in the region improved considerably during 2010 and that the outlook remains promising for 2011,” said Evelyn Sirena, a 1989 Pace computer science graduate and a Partner at Top Prospect Group, in a sidebar of the report. “In Westchester and Fairfield counties, the upswing is mainly due to companies seeking to hire Project Managers, Systems Engineers, Application Developers and Analysts with knowledge of Core JAVA, J2EE, C#.Net, ASP.Net, Oracle, and/or SQL, and 2-7+ years of experience. Additionally, they are also seeking Data Modelers, Data Reporting and Data Warehousing specialists who can help analyze and drive their businesses.
“As for outsourcing, some companies are continuing to outsource various IT functions, but there is a significant demand for local IT talent, especially those with business acumen,” she added.
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 104 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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