IT&T jobs fall off a cliff, graduates hit hardest

Stan Beer
Friday, 31 October 2008 10:51

IT People - Enterprise

Jobs in the IT and Telecoms space are disappearing at an ever increasing rate with figures for October capping off the worst year for the sector since the dot com bust, according to a new report.

According to new figures from the Olivier Job Index, from recruitment firm Olivier Group, after four years of solid growth, 2008 may well be remembered as the year when it all fell apart for IT&T jobs.

Olivier has been tracking jobs across professional sectors, including IT&T, on the major Internet jobs boards for a number of years and the latest figuresshow little cause for comfort.

The jobs decline is accelerating at a frightening pace, with the last three months proving to be the worst quarter by far in the past year.

The IT&T jobs sector fell 2.28% in October and is down 23% over 12 months. What's more the IT&T sector has been in decline for all of 2008.

A spokesman for Olivier Group said the latest figures for the IT&T jobs sector showed that there was a quickening in the decline.

Of the 23% decline over the past 12 months, 20% has been in the past six months and 13% has been in the past 3 months.

"The rate of the decline has been increasing and the (downward) curve is getting steeper," the spokesman said.

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