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News >> Technology >>
Federal stimulus boost IT jobs
By siliconindia
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Wednesday, 31 December 2008, 15:57 IST
Bangalore: The IT may have shown decline in tech jobs as according to many surveys, but none predict an abrupt drop. In fact, a federal economic stimulus package may even add IT positions.
Around 853,000 U.S. jobs in all industries were lost in October and November, while 9,000 were gained in the U.S. Bureau of Labor Statistics categories of 'computer systems design and related services' and 'management and technical consulting services', reported Computerworld.
Robert J. McGovern, CEO, JobFox said, "Many tech jobs will be created from the federal stimulus of hundreds of billions of dollars that's expected early next year from President-elect Barack Obama's administration and Congress."
McGovern believes a stimulus measure could have a fairly rapid impact on new hiring. IT professionals are expected to focus on showing employers how their skills can be adapted to projects in these areas as construction companies and engineering firms will be likely to seek multiple IT skills, including computer-aided design and telecommunications.
Companies focused on alternative energy and health care modernization will also need IT professionals that specialize in bioinformatics, information security and software development.
The Obama administration is expected to quickly expand regulatory controls, especially in the financial services industry. Some of the newest areas for jobs over the next two years will be business analysis, financial and human resources applications, program management and application development.