It’s recruiting season and the forecast looks sunny for job seekers, so long as they’re talented and willing to work at landing employment.
That’s the consensus among analysts, students and big company recruiters who are struggling to find enough qualified applicants to fill their posts.
The overall unemployment rate for the computer industry at the end of last quarter was 2.1 percent, which is even lower than the 2.3 percent rate during the same quarter in 2000, the peak of the dot-com boom. Things are particularly bright for software engineers, whose unemployment rate was down to 0.9 percent last quarter, compared to 1.9 percent during the same period in 2000, according to the U.S. Department of Labor.
Jobs openings have peaked in the last nine months, said John A. Challenger, chief executive officer for Challenger, Gray & Christmas, whose placement firm crunches job market data. “In total of tech jobs, we’re probably in a better position than we’ve ever been.”
This year’s batch of students with degrees in engineering and computer science can take advantage of a job market that’s grown steadily over the last four year years. Challenger cited Labor Department statistics showing unemployment for recent tech grads down to 2 percent.
“In the tight labor market there are many companies which are eagerly awaiting the new graduates,” Challenger said. “They bring in new skills and expertise and they are not as high priced.”
Silicon Valley, a bellwether for the overall tech industry, has also seen this steady growth, said Sean Norris, branch manager for Sapphire Technologies’ San Francisco Bay Area IT recruiting office.
“From being an employers’ market four years ago, it’s now an employee-driven market,” Norris said.