Current Unemployment Rate in the IT Industry?

Posted by Cliff on Tuesday January 13, 2004 @02:30PM from the paper-versus-experience dept.

concerned-about-employment asks: "What's the unemployment rate in the IT industry currently? Years ago I heard it was 8-9% but with so many jobs going offshore and the general unemployment rate rising, could it be even higher than before? Has it really broken 10% as some people say? That would mean 1 out of every 10 IT workers is out of a job. Personally though, from the perspective of a recent college graduate, it looks like 20% from here." How does the actual national unemployment rate in IT compare to the number of IT professionals that you know who are currently out of work?

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Official US number is 7.2% by DeepRedux · 2004-01-13 15:16 · Score: 4, Informative

According to the US Bureau of Labor Statistics, the unemployment rate in the "information" section was 7.2% in December 2002 and 6.5% in December of 2003. The actual number of unemployed was 255K in 12/2002 and 224 in 12/2003.