Harry Truman (former President of the USA) once quipped something like, “I want a one handed economist because economist always say things like on the one hand things looked good, but on the other hand things don’t look so good.”
This is especially true with the latest economic figures from the Bureau of Labor Statistics for the IT sector.
The information sector includes publishing, movies, broadcasting, telecommunications, and data processing and hosting, the Telco’s shed 2,600 jobs, down to 951,100, while data processing and hosting companies added 2,900 jobs, to 248,900. In the professional and business services sector, the IT-related segment is for companies that are involved in computer systems design and related services, and in this area there are nearly 1.44 million people employed, and in February the number of people employed in this area rose by 8,700.
Finally, management consulting and technical services – which often has an IT component, given the importance of computing to the running of any business – as a group shed 2,100 jobs last month. So… it is not all good new or all bad news.