IT executives jobs demand drops in July

Stan Beer
Thursday, 09 August 2007 15:34

IT People - Enterprise

Demand for IT executives has fallen for the second month in a row according to a monthly survey of the major top-end employment sectors.

According to the Executive Demand Index from headhunting firm E.L Consult, the Information Technology index was the one sector to fall in July, losing 3% compared with the previous month. The drop follows a similar fall in demand over June.

Meanwhile, the finance, engineering, management, engineering and marketing sectors all experienced a growth in demand.

According to E.L Consult, the latest news coupled with the performance of the IT jobs sector over the past two years, does not paint a very positive picture of the long-term employment outlook.

"The clearly volatile nature of this index series shows that the IT market cannot be relied upon to provide long-term jobs growth. Despite the general buoyancy of the market in the past two years, the IT market has risen to a lesser extent than other indices," E.L Consult wrote in its report.

To make matters worse, E.L Consult believes that rising interest rates will start to have a negative impact on overall jobs growth. However, this will be offset to a degree by a general federal and state governments spending binge.