There is lack of optimism in the current IT job market in Connecticut. The number of job openings for IT professionals dropped 12.3% in May ringing in the slower summer season.
Last year in May the IT job market corrected downward in a similar way. The difference is that today’s IT labor demand is about a third lower. Surprisingly, employers in Healthcare were the biggest contributors to the drop. So far employers in this industry were the support of the IT job market in Connecticut after employers in Financial Services left the market last year. Now it seems that employers in Financial Services are regaining interest. Their IT labor demand is on the rise since the beginning of the year. Unfortunately these new job opportunities do not yet compensate for the losses.
The technology job market in Massachusetts is also retreating. Job seekers there faced 4.8% fewer opportunities. The New York Metro area improved slightly (up 1.3%). The national average held steady with an insignificant drop (0.3%).