Largest Quarterly Gain Since 2004 in Manhattan IT Job Market and Dramatic Growth in Westchester County, New Pace U. Report Shows

The information technology job market showed remarkable strength in Manhattan and an impressive increase in Westchester County, according to the second quarter Pace/SkillPROOF IT Index Report (PSII), out today.

New York, NY – July 22, 2010 – The information technology job market showed remarkable strength in Manhattan and an impressive increase in Westchester County, according to the second quarter Pace/SkillPROOF IT Index Report (PSII), out today.

The index for Manhattan surged from 74 to 110, a 47 percent increase which was the largest quarterly gain since the data were first gathered in 2004. “The increase is particularly reassuring because it follows three consecutive quarters of an improving job market, indicating an enduring recovery for Manhattan IT professionals,” the researchers write.

The 24 percent rise in the index reported for Westchester County during the 1st quarter of 2010 was surpassed by an even more impressive increase during the 2nd quarter. The PSII currently stands at 156, up from 106, representing a robust increase of 50 percent for Westchester.

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.

The largest contributors to overall growth in Manhattan were IT Managers, at 61 percent, followed closely by Network and Data Communications Analysts, at 60 percent. Categories showing smaller gains include Database Administrators, at 14 percent, and Network Administrators, at a 16 percent increase.

In Westchester, although growth was uneven among the 11 standard IT job categories, the leading occupation was once again Computer Scientists, Research, which increased by more than 53 percent. Following people in that category were Network Administrators at 39 percent and IT Managers at 36 percent. Other categories did not fare as well. Two declined and five remained flat. The poorest showing in the second quarter was in the market for Software Engineers, Systems, which declined by over 40 percent.

“In recent years, technical innovation has helped many companies reduce costs, increase efficiencies, and exploit new revenue opportunities,” said Louis A. Trebino, Jr., Senior VP & CIO, The Harry Fox Agency, Inc., in a sidebar of the report. “Indeed, technological innovation has been a key driver to survival during these turbulent times.

“As companies begin to rebound from the recession, IT employment opportunities are likely to increase. Leveraging this innovation and ongoing capitalization of growth opportunities ensures the continuous need for seasoned IT professionals, particularly IT managers.

“In addition, a growing trend is the need for business-savvy technologists who can readily demonstrate the value of IT as a strategic business enabler. This further solidifies the growing demand for IT professionals in what is otherwise a less than favorable employment environment.”

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

Visit Pace on the web: Pace.eduFacebookTwitterFlickrYouTube .

Pace Report: IT Job Market Remains Robust in Manhattan, Maintained Positive Momentum in Westchester

Job postings for IT professionals showed dramatic growth in Manhattan and increased significantly in Westchester County, according to the first quarter Pace/SkillPROOF IT Index Report (PSII), out today.

FOR IMMEDIATE RELEASE

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

INFORMATION TECHNOLOGY JOB MARKET REMAINS ROBUST IN MANHATTAN AND MAINTAINED POSITIVE MOMENTUM IN WESTCHESTER, NEW PACE U. REPORT FINDS

New York, NY – April 16, 2010 – Job postings for IT professionals showed dramatic growth in Manhattan and increased significantly in Westchester County, according to the first quarter Pace/SkillPROOF IT Index Report (PSII), out today.

“The dramatic growth of the IT industry in Manhattan is a significant sign of overall economic recovery,” the researchers write. “All indicators point to this reversal. Consumer spending and confidence are up, as is the hotel occupancy rate. As pointed out in last quarter’s PSII, employment is a lagging indicator. Employers are always cautious in responding to improved market signs as they want to be sure that the recovery is secure before hiring. That sense of confidence was reached this quarter.

“The gain in Westchester was part and parcel of improving national economic news,” they write. “Although the 160,000 new jobs created in March did not alter the unemployment rate, the increase still can be interpreted positively: As the economy shows signs of sprouting ‘green shoots,’ those who have been sitting on the sidelines during the period of rising unemployment have gained a sense of optimism and are renewing their job searches, thereby offsetting the gains in job creation.”

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.

The 1st quarter index of job openings in Manhattan jumped by 11 points, or over 18 percent, from 63 to 74. This level has not been seen since the 2nd quarter of 2008, when the Great Recession began. This went hand in hand with nationwide gains in hard-hit sectors like manufacturing and construction, as well as with the 162,000 increase in employment reported in March. In Manhattan, the overall 18 percent growth of the PSII was led by a 60 percent increase in demand for Systems Analysts, followed by a greater than 30 percent increase for Computer Programmers. The category of Other Computer Specialists was also up by over 24 percent, a further indication of recovery. Although nine of the 11 IT job market categories showed positive gains, the news was less promising for the remaining two. Demand for Computer Support professionals declined by nearly one percent and that for Database Administrators by over half of one percent.

In Westchester, the PSII increased by more than 24 percent, from 85 to 106, a significant increase. The index went above 100 for the first time since the 3rd quarter of 2008. The Westchester IT job market has maintained positive momentum. After resisting improved economic news during the first two quarters of 2009, it gathered strength during the last two. In the IT sector, the 25 percent growth in the PSII is quite impressive; however, it should be noted that it comes primarily from only two sectors. These are Computer Scientists, Research, registering a 29 percent gain, and Computer Programmers, rising by 19 percent. Software Engineers also showed improvement, ranking a distant 3rd with a 6 percent increase. The remaining categories remained flat or declined. The greatest decline in the Westchester job market was for Computer Support Specialists.

“Business and consumer confidence, market activity, and job creation all increased during the 1st quarter, said Kamal Shah, Vice President of Oppenheimer Funds. “This improved outlook is prompting businesses to gear up and develop new strategies to make themselves more responsive to market changes, and client and shareholder needs with better reporting and information.

“The improved economy also has a direct impact on hiring as the year of retooling has begun. Social media, collaboration, and cloud computing are driving the dissemination of information at ever increasing speeds. This will result in increased demand for network administrators, database architects, and those with knowledge of Web 2.0/3.0 and strong collaboration skills in order to generate better information for better decision-making.”

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

Visit Pace on the web: Pace.edu | Facebook | Twitter | Flickr | YouTube . Follow Pace students on Twitter: NYC | PLV

New Pace University Report: Job Postings for IT Professionals Jumped Dramatically in Manhattan, Westchester

Job postings for IT professionals increased dramatically in Manhattan and showed surprising strength in Westchester County, according to the fourth quarter Pace/SkillPROOF IT Index Report (PSII), out today.

FOR IMMEDIATE RELEASE

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

INFORMATION TECHNOLOGY JOB MARKET SHOWS DRAMATIC INCREASE IN MANHATTAN AND SURPRISING STRENGTH IN WESTCHESTER, NEW PACE U. REPORT FINDS

New York, NY – January 21, 2010 – Job postings for IT professionals increased dramatically in Manhattan and showed surprising strength in Westchester County, according to the fourth quarter Pace/SkillPROOF IT Index Report (PSII), out today.

“Our cautious optimism for the 4th quarter was on target,” the researchers write about Manhattan. “As the overall US labor market shed an additional 85,000 jobs in December despite a 4,000 job gain in November, the Pace/SkillPROOF IT Index registered a dramatic 47 percent increase, jumping from 43 to 63. After dropping steadily for the past few years, this increase is certainly a promising indicator.”

The index also jumped dramatically in Westchester County, from 43 to 85, nearly doubling its value. The report says that in the US, “monthly unemployment numbers dropped in November for the first time since the recession began two years ago but failed to hold up in December. However, the local Westchester job market, and the IT job market in particular, fared far better than that of the nation as a whole.”

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.

In Manhattan, the phenomenal increase was widespread across the 11 job categories with the exception of Network and Computer Administrators, the only sector that declined. The most active sector was Software Engineers, Applications, with a 102 percent increase over the 3rd quarter, followed by Systems Analysts with 56 percent and Computer Support with 49 percent.

In Westchester, although the index increased impressively, the increase did not distribute itself evenly throughout all 11 industry categories. Only five showed signs of improvement while one remained flat and five declined slightly. On the positive side, the phenomenal improvement was primarily the result of strong demand in two job categories, Computer Programmers and Computer Scientists, Research. For the former, job postings increased by over 130 percent; for the latter by 110 percent. Of the remaining categories, the index showed improvement in demand for Software Engineers, Applications; IT Managers; and Systems Analysts. The greatest decline in demand was for Network Administrators.

“Technology can help cut costs during a downtrend and drive a business during a recovery,” said Sunil M. Verma, PhD, VP Information Technology, Macy*s, and Chief Information Officer, CIOs Without Borders. “During the last year we’ve seen non-IT companies increasingly turn to technology to streamline their operations.

“In the 4th quarter there also seemed to be resurgence in IT investing to drive market share increases. Cloud computing appears to be keeping the demand for database experts and Web developers strong; recognition of the power of social media and internal knowledge sharing has resulted in increased budgets in corporate marketing and communications departments; and the demand for developers with portal or smart phone application experience is high. “It is still a buyers’ market and companies are looking for innovative IT professionals with technical skills, communication abilities and a willingness to learn the business.”

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

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

Visit Pace on the web: Pace.edu | Facebook | Twitter | Flickr | YouTube . Follow Pace students on Twitter: NYC | PLV

Has Manhattan IT Job Market Bottomed Out?

The rates of decline in information technology job openings slowed in Manhattan, according to the first quarter Pace/SkillPROOF IT Job Index Report (PSII), out today.

FOR IMMEDIATE RELEASE

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

Has Manhattan IT Job Market Bottomed Out?

INFORMATION TECHNOLOGY JOB MARKET SHOWS SLOWING DECLINE IN MANHATTAN, SMALLER WESTCHESTER DECLINE THAN ELSEWHERE, NEW PACE U. REPORT FINDS

New York, NY – May 12, 2009 – The rates of decline in information technology job openings slowed in Manhattan, according to the first quarter Pace/SkillPROOF IT Job Index Report (PSII), out today.

A decline was more pronounced in Westchester County, but even there the IT job market performed significantly better than the IT market in other areas of the New York Metropolitan region, where demand for IT professionals has decreased by more than 60 percent. By comparison, the 31 percent decrease in Westchester appears moderate, according to the new report, even if the Westchester PSII drop of 31 percentage points, from 53 to 37, was the greatest decline since the index was launched in 2006.

Although the labor market for IT professionals in Manhattan followed the general trend of decline, it did so to a much lesser degree. The index dropped from 44 to 42, a relatively insignificant decline, which the data’s analyst, professor Farrokh Hormozi, says should be cause for optimism.

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 standardized categories tracked by this report, the smallest drop in demand was in that for IT Managers; the largest was for Software Engineers, Applications. A promising note is the fact that the end tail of each graph in the report is flat, indicating that the decline in both categories may have bottomed out.

In Westchester, Software Engineers, Applications also had the healthiest increase this quarter, followed by Systems Analysts. On the opposite end of the spectrum, Computer Scientists, Research dropped more than 20 percent.

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

The Index 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 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

New Pace U. Report Shows Decline in Information Technology Job Markets in Manhattan and Westchester

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.

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

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

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.

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

New Pace U. Report Shows Manhattan’s Information Technology Job Market Decline is Slowing

The market for IT jobs in Manhattan continued to decline in the first quarter, but at a much slower rate than in the last, according to the latest Pace/SkillPROOF IT Job Index Report (PSII), out today. Westchester County’s overall job market for IT professionals reversed itself, showing a significant upturn.

FOR IMMEDIATE RELEASE

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

NEW PACE U. REPORT SHOWS MANHATTAN’S INFORMATION
TECHNOLOGY JOB MARKET DECLINE IS SLOWING

Growth in Westchester County defies overall job market

New York, NY – April 9, 2008 – The market for IT jobs in Manhattan continued to decline in the first quarter, but at a much slower rate than in the last, according to the latest Pace/SkillPROOF IT Job Index Report (PSII), out today. Westchester County’s overall job market for IT professionals reversed itself, showing a significant upturn.

The PSII is a composite index that provides a quarterly snapshot of the IT job markets in Manhattan and Westchester County in separate reports. The indexes are based on 11 standard IT job categories defined by the U.S. Bureau of Labor Statistics.

In Manhattan, the behavior of the IT job market during the first quarter of 2008 exceeded expectations, and was contrary to that of the labor market as a whole. While the employment picture in New York City was declining, the IT employment market slowed its pattern of decline of the past three quarters and dropped by only 6 points. Of the 11 job categories, the largest gain was for IT Managers, followed by Software Engineers/ Systems, and Systems Analysts.

Defying the overall job market, IT employment in Westchester County showed significant growth in the first quarter of 2008 after a fourth quarter decline in 2007. Of the 11 job categories, five showed substantial increases, two remained flat and four declined.

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

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

A private metropolitan 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 the Dyson College of Arts and Sciences, Lienhard School of Nursing, Lubin School of Business, 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 New York City, since 2003 it has tracked and analyzed job openings from brand name employers in the United States, using proprietary Internet technology. www.skillproof.com

NY Metro Area’s Information Technology Job Market Shows Declines Due to Turbulent Economy

The trend line for Information Technology jobs in the New York metropolitan area is maintaining an upward slope, indicating a healthy future market for computing experts, according to the fourth quarter Pace/SkillPROOF IT Job Index Report (PSII), out today.

FOR IMMEDIATE RELEASE

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

NEW PACE U. REPORT ON NY METRO AREA’S INFORMATION TECHNOLOGY JOB MARKET SHOWS DECLINES DUE TO TURBULENT ECONOMY

Researchers predict long-term upward trends will hold, demand surges for skill in virtualization and Ajax

New York, NY – January 9, 2008 – The trend line for Information Technology jobs in the New York metropolitan area is maintaining an upward slope, indicating a healthy future market for computing experts, according to the fourth quarter Pace/SkillPROOF IT Job Index Report (PSII), out today.

The PSII is a composite index that provides a snapshot of the IT job markets in Manhattan and Westchester County in separate reports. The indexes are based on 11 standard IT job categories defined by the U.S. Bureau of Labor Statistics.

In Westchester, growth slowed but future projections are promising. Openings for Computer Support Specialists grew the fastest since the third quarter of 2007, with an increase of 16 percentage points, followed by Other Specialists, up three percentage points, and Network Administrators, up two percentage points. Of the 11 categories comprising the index, three declined sharply, three increased moderately and three remained flat.

In Manhattan, most of the 11 categories showed a decrease with the exception of Computer Scientists, Research, which although below the long term trend still had a significant increase.

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

Specialty demand. While the IT job market is tightening, the demand for some technology skills is growing. Two areas not tracked separately in the composite index include Virtualization, a technology that allows multiple operating systems to run on the same computer (demand for this skill grew 70% in 2007 and 183.3% since November 2005) and Ajax (Asynchronous JavaScript and XML), a programming technique to make Web pages more interactive. In 2007, demand for specialists with this skill rose 50% in the NY Metro area.

“Although the financial industry in Manhattan has been hit hard, the IT sector has done better than the labor market as a whole,” said Norman J. Jacknis, Chief Information Officer for Westchester County and commissioner for the county’s Department of Information Technology in White Plains. “Over the long run, it is clear that IT employment in this area is on a steady growth curve, and there is nothing in this report to indicate any decrease in the number one position this area holds as an IT employer.”

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

A private metropolitan 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 the Dyson College of Arts and Sciences, Lienhard School of Nursing, Lubin School of Business, 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 New York City, since 2003 it has tracked and analyzed job openings from brand name employers in the United States, using proprietary Internet technology. www.skillproof.com

Pace and SkillPROOF create index of companies’ demand for information technology specialists

A new quarterly index of major companies’ demand for information technology (IT) specialists was unveiled today by Pace University and SkillPROOF Inc., a high-tech vendor of employment data.

Contact
Christopher T. Cory, Public Relations, Pace University
212-346-1117, cell 917-608-8164, ccory@pace.edu

FOR IMMEDIATE RELEASE
NOTE: The full data are available at www.pace.edu/PSII

Dot.Com Comeback
NEW INFORMATION TECHNOLOGY MEASURE
CREATED BY PACE UNIVERSITY AND SKILLPROOF, INC
TO ASSIST STUDENTS CHOOSING CAREERS, JOB SEEKERS,
HUMAN RESOURCES DEPARTMENTS GAUGING FUTURE SKILL NEEDS

First data from Manhattan and Westchester County, NY prove upsurge in IT openings

Myth that computing jobs are all moving offshore still lingers

WHITE PLAINS, NY, November 20, 2006 – A new quarterly index of major companies’ demand for information technology (IT) specialists was unveiled today by Pace University and SkillPROOF Inc., a high-tech vendor of employment data.

The new tool is intended to help students target their career training, jobseekers target their searches, and human resources officers gauge emerging needs for skills and anticipate areas where high demand will raise salaries, according to Susan Merritt, Ph.D., dean of Pace’s Seidenberg School of Computer Science and Information Systems, which oversaw development of the index. She said the “Pace SkillPROOF Information Technology Index,” or PSII, also should help educators and policymakers spot emerging needs for professional training.

The first data, for the third quarter of this year, showed IT job demand up significantly from the second quarter and from a year ago, as reflected in major companies’ postings for IT jobs in Manhattan and Westchester County, NY.

“The idea that computing jobs are rushing offshore is a myth, and this provides objective proof,” said Merritt.

Improved accuracy. The PSII is more accurate than other measures of job demand because it is based on actual job postings at major firms. In addition, statistical weightings keep a surge in any single category from having a disproportionate and hence misleading influence on the index’s overall snapshot of the market.

The index gauges both overall demand for IT workers and demand in eleven subcategories used by the US Department of Labor. The data are reported separately for Manhattan and Westchester. Henceforth they will be updated and posted on the Pace University Website (www.pace.edu/PSII) on the second Tuesday of each business quarter.

The postings for Manhattan and Westchester come from a sample of Fortune 500 employers which have proven to post reliable job opening information. Firms in the sample include IBM, Google, TimeWarner, Citigroup, General Electric, McGraw-Hill and ADP.

60% jump in Manhattan. The PSII numbers for Manhattan for the third quarter of 2006 showed an increase of better than 60 percent over the same quarter a year ago. Comparing the whole of calendar 2005 with the previous year, the PSII was also up 60 percent.

In a more recent period, the Manhattan PSII was 26 percent higher in the third quarter than in the second.

Manhattan PSII Third Quarter 2006 Second Quarter 2006 Third Quarter 2005
Index 166 140 106

Manhattan gains were greatest in the categories of Software Engineers, Computer Programmers and IT Managers. Categories with smaller increases were Software System Engineers, Network Administrators and Network Systems and Data Analysts (Appendix I).

Westchester IT jobs up 43%. For Westchester, the PSII was 43 percent higher in the third quarter than in the third quarter a year ago, although 27 percent lower than the second quarter.

Westchester PSII Third Quarter 2006 Second Quarter 2006 Third Quarter 2005
Index 104 131 61

Westchester gains also were concentrated in the categories of Programmers, Software Engineers, and by a lesser percentage, IT Managers.

A separate index of how widely changes are spread across the eleven job categories — the “diffusion” index — showed that in Manhattan, the number of categories with increases over the same quarter a year earlier was up significantly – by 73 percent. In Westchester, categories with increases were up by 45 percent.

The partners are contemplating analysis of the regional differences, but say that for now, conclusions will have to come from regional manpower experts.

Building high school awareness. “I think you have a methodology which will raise the awareness of skills shortages in IT,” said Jeff Gibbs, a Relationship Manager with IBM’s Academic Initiative, a group that goes into universities, colleges and high schools to discuss IBM’s open sources technology strategy. He added: “To address the national and local skills shortage, we need to raise the awareness at the high school level that these skills are in high demand.”

WebCrawler methodology. The index uses data obtained by SkillPROOF http://www.skillproof.com/home/SkillProof.asp, a three-year-old company. Every 24 hours the company’s specialized WebCrawler randomly scans the posted Manhattan and Westchester job listings of companies in the sample. SkillPROOF maps the openings into the DOL’s eleven major IT job categories.

Next, the PSII algorithm assigns a mathematical weight to each category reflecting the relative proportion of job openings in that category during the combined baseline years of 2004/2005, the first two years for which SkillPROOF started to collect information.

Finally, Pace calculates year-to-year and quarter-to-quarter changes in the overall markets and their major categories.

Comparisons with other measures. The partners say the PSII is more current, independent and precise than computer job listings on the industry’s more than 20,000 “job boards,” the largest of which is Monster.com.

One problem with online job boards is that many employers place only a fraction of their openings there due to the cost of advertising. In addition, job postings are often duplicated across different job boards, making accurate counts difficult. Finally, other job-tallying services often rely on data collected by sampling firms via telephone calls or forms that employers fill out. Because corporate sites are regularly updated, the SkillPROOF data also avoid the danger that job board counts may erroneously reflect postings that have been filled but not taken down.

The author of the index, Farrokh Hormozi, PhD, a professor of economics at Pace’s Dyson College of Arts and Sciences said: “These numbers reflect the dynamics of the Information Technology market and show that IT skills are still in big demand.”

Henning Seip, the founder of SkillPROOF, is a former Vice President of Management Information Systems at Bantam Doubleday Dell (today part of Random House, a subsidiary of the German publisher Bertelsmann AG). He also sells customized job data to companies, institutions and individuals. He noted: “We hope these kinds of numbers will prove to be useful to companies trying to estimate future labor costs as well as to job seekers and students of all ages who are thinking about careers in this field.”

Pace’s Merritt added: “While there are a lot of reports about IT job opportunities increasing or decreasing, it is hard to know the actual local trends in this exciting field. This index shows those trends based on real data. Moreover, the IT field is broad and diverse and this index shows the trends for the many IT job categories.”

Favorable first reactions. The index has won favorable early comments from business professionals.

The concept was presented in late fall of 2005 to members of the Westchester and Fairfield County chapter of the Society of Information Managers, who expressed strong interest in having this kind of information. One member, who preferred not to be identified, said: “I’m in the market to hire people, and I have to calculate what kind of a deal I need to offer to prospective candidates. If the job market is tight I have to be more lucrative. This index will be very useful as I plan my budgets.”

Pace University. A private university in the New York Metropolitan area, Pace is commemorating 100 years of providing opportunity, educating achievers in business, industry, healthcare, education, government, and law. Pace has a growing national reputation for teaching and learning based on research, fostering engagement with critical issues locally and globally, for international perspectives and measurable outcomes. It is one of ten founders of Project Pericles, developing education that encourages lifelong participation in democratic processes. Pace has seven campuses, including downtown and midtown New York City, Pleasantville, Briarcliff, and White Plains. Approximately 13,700 diverse students are enrolled in undergraduate, graduate, and professional degree programs in the Dyson College of Arts and Sciences, Lienhard School of Nursing, Lubin School of Business, Ivan G. Seidenberg School of Computer Science and Information Systems, School of Computer Science and Information Systems, School of Education, and School of Law. www.pace.edu
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APPENDIX I

PSII Index Data for Manhattan

Stats Date Weights 3/30/2005 6/30/2005 9/30/2005 12/30/2005 3/30/2006 6/30/2006 9/30/2006
IT Manager 0.189 25.6 29.0 32.4 39.4 42.7 49.9 59.4
Scientists Research 0.003 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Programmers 0.208 34.1 41.3 53.3 49.4 54.7 54.5 73.7
Software Engineers Application 0.243 77.1 44.5 44.3 57.5 68.5 80.5 90.5
Software Engineers Systems 0.136 14.5 15.8 22.0 21.3 23.3 21.8 21.0
Support 0.077 4.2 6.0 6.2 5.5 5.2 5.5 5.8
System Analysts 0.058 2.7 3.7 4.2 3.1 3.4 3.4 5.1
Database Administrators 0.013 0.2 0.1 0.1 0.1 0.1 0.1 0.2
Network Administrators 0.026 0.4 0.7 1.0 0.7 0.6 0.5 0.5
Network System and Data Analysts 0.029 0.6 0.7 1.0 0.7 0.5 0.8 0.7
Other Specialists 0.018 0.2 0.2 0.4 0.5 0.5 0.5 0.4
Weighted Sums 159.8 142.0 165.0 178.3 199.5 217.5 257.3
Index 103 92 106 115 129 140 166

Quarterly Summary

Stats Date 9/30/2006 6/30/2006 9/30/2005
IT Manager 59 50 32
Scientists Research 0 0 0
Programmers 74 55 53
Software Engineers Appl 90 81 44
Software Engineers Systems 21 22 22
Computer Support 6 5 6
System Analysts 5 3 4
Database Administrators 0 0 0
Network Administrators 1 1 1
Network System and Data Analysts 1 1 1
Other Specialists 0 1 0
Weighted Sums 257 218 165
Index 166 140 106

PSII Index Data for Westchester

Stats Date Weights 3/31/2005 6/30/2005 9/30/2005 12/31/2005 3/31/2006 6/30/2006 9/30/2006
IT Manager 0.089147 1.0 1.1 0.6 0.7 0.5 0.4 0.5
Scientists Research 0.375194 21.5 11.5 8.5 14.9 21.6 26.3 17.6
Programmers 0.174419 2.4 2.6 5.1 5.7 4.3 5.7 6.9
Software Engineers Application 0.105426 1.0 0.9 1.5 1.5 1.7 1.9 2.3
Software Engineers Systems 0.05814 0.3 0.3 0.2 0.3 0.4 0.7 0.5
Support 0.031783 0.1 0.1 0.1 0.1 0.1 0.2 0.2
System Analysts 0.086047 1.2 0.7 0.9 1.0 0.9 1.2 0.6
Database Administrators 0.006977 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Network Administrators 0.006977 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Network System and Data Analysts 0.053488 0.5 0.1 0.0 0.1 0.1 0.1 0.1
Other Specialists 0.012403 0.0 0.0 0.0 0.0 0.1 0.0 0.0
Weighted Sums 28.0 17.3 16.9 24.2 29.7 36.4 28.8
Index 101 62 61 87 107 131 104

Quarterly Summary

Stats Date 9/30/2006 6/30/2006 9/30/2005
IT Manager 0.5 0.4 0.6
Scientists Research 17.6 26.3 8.5
Programmers 6.9 5.7 5.1
Software Engineers Appl 2.3 1.9 1.5
Software Engineers Systems 0.5 0.7 0.2
Computer Support 0.2 0.2 0.1
System Analysts 0.6 1.2 0.9
Database Administrators 0.0 0.0 0.0
Network Administrators 0.0 0.0 0.0
Network System and Data Analysts 0.1 0.1 0.0
Other Specialists 0.0 0.0 0.0
Weighted Sums 28.8 36.4 16.9
Index 104 131 61

APPENDIX II

Founder Biographies
Farrokh Hormozi, professor of economics and public administration at Pace University, is co-investigator of both the Pace Downtown Index, the first post-9/11 index to track the economic and developmental progress of lower Manhattan, and the newly created Pace IT Index, the first index to track the IT job market in both New York (Manhattan) and Westchester Counties. He is an assistant to the Provost, teaches in the Graduate Public Administration Program at Pace’s Dyson College of Arts and Sciences. He is also an adjunct professor of economics in Pace’s Lubin School of Business. Hormozi was the recipient of the Pace Distinguished Service Award in 2006. In addition, Hormozi serves as senior economist and econometrician at the Michaelian Institute for Public Policy and Research of Pace University, senior economist and economic adviser to Kish International University and statistical consultant to the Westchester County Department of Transportation. In fall 2006, he received the Pace University Distinguished Service Award.
Hormozi has extensive experience as a consultant. He has developed, research and implemented market studies, forecasting programs and analysis, as well as productivity measurement techniques and job designs, for corporations and institutions including market research firms, public universities, government organizations and leading technology companies. His research interest is in applied economics, specifically job design, job complexity, and productivity. He also conducts research in theoretical economics, focusing on catastrophe chaos theory and its application to economic growth and development. His research has appeared in professional journals including the Journal of Mathematical Social Sciences, the Journal of Human System Management and the Journal of Management and Office Information Systems. He is currently conducting research in the macro foundation of microeconomics.
Hormozi received his undergraduate degree from Tehran University. He earned a master’s degree in mathematics at Farleigh Dickinson University, where he studied numerical methods, and a master’s in economics from the New School for Social Research, where he focused on statistical analysis and econometrics. He then studied growth theory at the New School, where he earned his doctorate in economics. He has conducted postgraduate work in topology, numerical methods, and automata theory at the Courant Institute of Mathematical Sciences of New York University.
Henning Seip founded SkillPROOF, Inc. in response to the need for better statistical information about local, national, and global job markets and skills needed by employers. SkillPROOF’s publications supplement labor information provided by the Bureau of Labor Statistics. Mr. Seip is also the founder of The Consultants Network, Inc., a specialty consulting firm advising customers implementing Enterprise Resource Planning (ERP) software. Earlier in his career he also served as a vice president and director of information systems at Bantam Doubleday Dell Publishing (now Random House), a subsidiary of Bertelsmann AG, Germany. In this capacity, he was responsible for the successful restructuring of Bantam’s data centers and enterprise software. Mr. Seip received the degree Diplom-Wirtschaftsingenieur in Industrial Engineering from the University of Hamburg (Germany). He has been a speaker at the national America’s SAP Users Group (ASUG) and is the co-author of Implementing SAP R/3 (1996).

Susan M. Merritt, Ph.D. is founding and current dean of Pace University’s Ivan G. Seidenberg School of Computer Science and Information Systems, where she is a professor of computer science. Founded in 1983, the school was recently the recipient of a $15 million endowment and was renamed for the donor, Ivan G. Seidenberg, the CEO of Verizon, Inc. The School has some 1,500 students studying computer science, information systems, networking and telecommunications, information technology, information assurance and security from the undergraduate through the doctoral level. Under Dean Merritt’s leadership, more than 20 educational programs and several research centers have been developed in computing.
Dr. Merritt received the PhD and the MS in computer science from New York University’s Courant Institute of Mathematical Sciences. She received the BA from the Catholic University of America where she was elected to Phi Beta Kappa and graduated summa cum laude. She has published more than 100 contributions to the computing literature in computer science as well as in the social and educational issues related to information technology. She is the recipient of an IEEE Computing Society Service Award, the Carol S. Russett Award for Distinguished Service conferred by the American Council in Education (ACE) National Women’s Leadership Network and was on the cover and author of the cover story “Women in Computing,” in Westchester Women’s News.

Increased Demands, Upward Trends in Metro IT Job Markets

Despite layoffs in the financial sector of the economy, most job markets for Information Technology (IT) specialists in Manhattan and Westchester County remained strong in the third quarter of 2007, according to the latest Pace/SkillPROOF IT Job Index (PSII). The composite index provides a snapshot of the two IT markets in separate reports, which Pace University released today

FOR IMMEDIATE RELEASE

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

NEW PACE U. REPORT ON METRO IT JOB MARKETS
SHOWS INCREASED DEMAND, UPWARD TRENDS
IN SEVERAL CATEGORIES

Computing school enrollment rises 43 percent

New York, NY — October 10, 2007 – Despite layoffs in the financial sector of the economy, most job markets for Information Technology (IT) specialists in Manhattan and Westchester County remained strong in the third quarter of 2007, according to the latest Pace/SkillPROOF IT Job Index (PSII). The composite index provides a snapshot of the two IT markets in separate reports, which Pace University released today.

The indexes are based on automated counts of actual corporate job postings, sorted into 11 standard IT job categories defined by the U.S. Bureau of Labor Statistics. The reports are available at www.pace.edu/PSII .

In Westchester, four of the 11 categories outperformed their previous quarters — Database Administrators; Network Systems and Data Communication Analysts; IT Managers; and Other Specialists.

In Manhattan, the trends rose in eight of the 11 IT categories — IT Managers; Computer Scientists, Research; Programmers; Software Engineers Systems; Computer Support Specialists; System Analysts; Database Administrators; and Other Specialists. In addition, the Network Administrators category showed a narrow upward trend.

Rising IT enrollment. “The good news about technology seems to be coming to the attention of young people, their families and their teachers,” said Susan M. Merritt, Ph.D., dean of Pace University’s Seidenberg School of Computer Science and Information Systems. “The number of full-time freshman in computing at Pace has increased for the first time since 2001 and is up 43 percent this fall over fall 2006.”

The partners. The PSII was developed and is calculated by Farrokh Hormozi, PhD, professor of economics and public administration in Pace University’s Dyson College of Arts and Sciences, and 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.

A private metropolitan university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,500 students in bachelor’s, master’s, and doctoral programs in the Dyson College of Arts and Sciences, Lienhard School of Nursing, Lubin School of Business, 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 New York City, since 2003 it has tracked and analyzed job openings from brand name employers in the United States, using proprietary Internet technology. www.skillproof.com