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It Job Market Recovering Faster Than After Dot-Com Bubble Burst

By InfoWorld

January 16, 2013

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More new technology jobs have been created since the end of the past recession than during the same recovery period following the burst of the dot-com bubble and the early 1990s recession, according to a recent Dice.com report. In the 42 months since the most recent recession officially ended in June 2009, 180,600 tech jobs have been created. By contrast, in the 42 months following the end of the recession in March 1991, the total number of U.S. tech jobs dropped by 48,500. In addition, between November 2001 and April 2005, 415,600 tech jobs were lost.

Although the past recessions were damaging to the tech industry, today tech jobs are steadily returning and the unemployment rate among tech professionals is much lower than the overall national average. At the end of 2012, the tech unemployment rate was 4.1 percent, while the national average was 8.7 percent.

The unemployment rate for database administrators is 1.5 percent, the lowest among all tech-related categories. The second lowest rate is among network architects at 1.9 percent, while the rate for software developers is 2.9 percent, followed by computer systems analysts at 3.3 percent and Web developers at 3.5 percent.

From InfoWorld 
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