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IT Industry Experiences Growth Despite Economy Woes
added: 2008-12-03

While many U.S. job seekers are struggling to find employment, and workers can attest that it’s a tough economy to work in, industry experts say that certain sectors – like information technology (IT) – are experiencing growth and moving along this economic rollercoaster headstrong.

According to the 2009 Robert Half International Salary Guide, information technology (IT) is one of the few bright spots in the job market, and remains relatively low in unemployment ranks (less than 2 percent), which can be attributed to the proliferation of new technology and the need for professionals to support new technological initiatives.

According to an Employment Projections Report for 2006–2016 from the U.S. Bureau of Labor Statistics, the IT industry is among the top in projected wage and salary employment growth. The report projected computer software engineers would see a 44 percent employment growth; and network systems and data communications analysts would see a 53 percent employment growth.

"Information technology is different from other fields. In today's tough economy, companies want to keep their business both growing and running as cost efficiently as possible – and that means enhancing applications and infrastructure," said Mark Miller, president and CEO of New Horizons Computer Learning Centers, the world's largest independent IT training provider. "IT is unique because often times it can help fuel a company's expansion, services and margin enhancement."

Gartner, Inc., an information technology research and advisory company, noted in an October article that "Organizations now view IT as a way to transform their businesses and adopt operating models that are much leaner" and "IT is embedded in running all aspects of the business."

Forrester Research Inc. predicts a 2 -3 percent growth in tech spending this year, followed by an increase of up to 10 percent in 2009.

"As witnessed by these recent reports, companies focused on an approach utilizing information technology are a significant component in many markets, and IT departments within these businesses are at the core of their operation," Miller said. "New Horizons contributes to the growing productivity of IT with its integrated learning methodology used to train technology solutions to businesses and individuals in the local community and around the world."


Source: Business Wire

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