August 6, 2012 – There was a net increase of 20,400 seasonally adjusted IT jobs in July, according to the latest data from the Bureau of Labor Statistics. This marks the first time in several months that there were gains in the total number of jobs in all sectors of the IT job market.
There was an improvement in computer system design and related services accounted of 10,400 jobs, 7,000 in telecommunications, 1,900 jobs in data processing, hosting and related services, and another 1,100 jobs in other information services.
“This looks like a marked improvement in the job prospects for IT professionals,” said Victor Janulaitis, CEO of Janco Associates. There still is an issue with the fall in the percentage of individuals looking for work; however, we see more CIOs looking to reduce their expenses by replacing consultants and contractors with full-time employees.” He added, “This a not a gain in the total number of IT jobs, but it does increase opportunities for IT professionals who are not consultants or contractors.”
Employment is also on the rise in health care IT. Spending in this sector will reach $40 billion by the end of this year. Much of that growth will come from spending on electronic health record (EHR) systems, mobile health applications and efforts to comply with new government standards.
Boosted by increased spending on health care software, which is needed for the rollout of EHR systems, the U.S. healthcare IT market is expected to grow at a rate of about 24 percent per year from 2012 to 2014, the study said. Spending on health care software rose 20.5 percent in the past year, from $6.8 billion in 2010 to a projected $8.2 billion this year. Recent mergers and acquisitions in the health care IT market also point to growing private-sector interest in software, which will see sales grow at rate of more than 30 percent annually from 2012 to 2014.
This story originally appeared at Insurance Networking News.