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January 11, 2006

New BLS Projections: IT jobs to grow by more than a million between 2004 and 2014

At the CRA Bulletin, Jay Vegso has the first part of what will be a three-part look at the new Bureau of Labor Statistics workforce projections for 2004-2014. Some noteable bits:

  • The professional IT workforce added 134,000 jobs between 2002 and 2004, a significant turnaround from the period between 2000 and 2002, when the workforce shrank by 7,000 jobs. The overall workforce added 1.6 million jobs between 2002 and 2004, but numbered 145.6 million in both 2000 and 2004.
  • The professional IT workforce is projected to add a little over a million new jobs between 2004 and 2014, an increase of about 30 percent. In 2004, there were 3.4 million IT professionals out of a total workforce of 145.6 million. The total workforce is expected to add 18.9 million jobs between 2004 and 2014.
  • Six of the 30 occupations that are projected to grow the fastest (i.e., percent gain) between 2004 and 2014 are in the IT profession. Among the 30 fastest-growing occupations, 17 have median salary earnings of $43,605 or above, including all six IT occupations.
  • Two of the six IT occupations listed as the fastest growing also rank among the 30 that are projected to have the largest numeric growth. Only seven of these 30 have median salary earnings of $43,605 or more, including both IT occupations.
Of course, the usual caveats for long-term projections of anything should apply here ("notoriously unreliable," "a crap shoot," etc) but this is the current "best guess" of your Federal Government.

We've put some additional IT workforce data over at our IT Workforce page. There you'll also find a link to an article written by John Sargent, a senior policy analyst at the Department of Commerce's Office of Technology Policy for Computing Research News on the last set of projections. And to top it off, Jay also has a number of good posts on the IT workforce debate at the CRA Bulletin.

Posted by PeterHarsha at January 11, 2006 01:33 PM
Posted to CRA | People