In December 2024, the IT job market ended on a high note with employers adding 7,000 net new technology positions, according to data from the U.S. Bureau of Labor Statistics analyzed by IT trade group CompTIA. IT unemployment dropped to 2%, the lowest rate since November 2023, while the national unemployment rate also fell to 4.1%. The push toward AI implementation has fueled the demand for people with specialized tech skills, particularly in software engineering, cybersecurity, and data science.
Despite fluctuations in the job market throughout the year, CIOs are struggling to fill high-demand tech positions. Large companies like Amazon, Accenture, Deloitte, and PwC are actively recruiting for IT roles, with a focus on AI engineering positions. To address the talent shortage, CIOs are expected to focus on building internal literacy in priority areas in 2025, with a majority of organizations planning to train existing workers to fill skill gaps in cybersecurity, software, data, and other IT fields.
The imbalance of supply and demand in the talent market is an ongoing issue, according to industry experts. Companies are competing to attract tech talent, leading to a competitive landscape for hiring in the tech sector. As a result, CIOs will need to invest in training and upskilling programs to meet the growing demand for specialized technological skills in the workforce.
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