IT employment may be stabilizing after loss of 250,000 jobs

Signs of hope after nearly 12 months of steady job losses, but pay may be declining

The apparent turn in the U.S. economy may have put the brakes on the IT job loss freefall, according to some new data.

Since last November, IT employment has declined by nearly 250,000 jobs, or 6%, after peaking that month at 4.058 million jobs. However, only 1,100 jobs were lost in August, or a .03% decline, according to the TechServe Alliance, an Alexandria, Va.-based industry group that conducts an ongoing analysis of IT occupation data compiled by U.S.

Mark Roberts, CEO of the alliance, which represents IT services companies, consultants and staffing firms that will be among the first to hire out of a recession, said his member firms are indicating that they are expecting more work. IT employment losses began moderating in June.

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