Information Technology JSI August 2008

2008-09-18T21:38:00.001-07:00

Information Technology Job Security Index Continues Recovery

2.2% Growth in JSI for August

The Scorelogix® Information Technology Job Security Index™ rose by 2.2% in August, capping six months of general growth in this sector. Information Technology, which is considered more secure than the overall jobs market, had plummeted between December 2007 and February 2008. The IT JSI has steadily grown since this time, slowly working its way back to its pre-crash levels. It has regained 67.5% of what was lost between December and February.

Since dipping below the National JSI at its nadir in February 2008, the Information Technology JSI has skyrocketed past the National score. This is due to the fact that while IT has recovered over the past six months, National job security has dropped 12.1%. The opposing trajectories have cleaved a 35 point disparity between the two scores.

All nine US census regions posted higher IT job security levels in August than in July. The regions which experienced the largest increase in IT job security were the West South Central and the Mountain regions, increasing by 3.3 percent and 3.2 percent, respectively. The East North Central region recorded the smallest increase in job security at less than 1 percent.

Information Technology Job Security Index for July 2008

2008-09-18T21:38:00.000-07:00

Information Technology Job Security Index Continues Rise

7.2% Growth in JSI for July Bucks National Trend

The Scorelogix® Information Technology Job Security Index™ rose by 7.2% in July, capping five months of general growth in this sector. Information Technology, which is considered more secure than the overall jobs market, had dropped significantly from July 2007 through February 2008, when a recovery began. It still remains far below its July 2007 level.

At the height of this decline, in February, the IT JSI dipped below the National JSI for the first time. This coincided with a decisive, 30 point drop in IT job security from December 2007 to February 2008. This drop coincided with the intensification of economic turmoil in the United States including the credit and banking crises, high inflation, rising energy costs, and a dwindling of disposable income.

Since February, Job Security in IT has jumped 11.97%, and fully regained its edge in comparison to the National score, which has been in decline since April. Despite continued economic woes, IT jobs have become more secure, due in large part the high level of integration of this occupational sector with industry, government, and the private sector. In a non-volatile economy, IT may be expected to play a significant role in

future economic growth.

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To obtain further information about Scorelogix’s Job Security Index, or to receive a more in depth analysis of the data provided above, please email Bill Dougherty @ bill.dougherty@scorelogix.com