First Quarter of 2006 Sees Strong Employment in IT Sector

First Quarter of 2006 Sees Strong Employment in IT Sector

For the 12 month period ending March 31, 2006, IT employment reached a record high of 3.472 million, more than the 3.455 million IT workers employed at the height of the dot-com boom. At the end of the first quarter of 2006, IT employment had reached 3.56 million and the unemployment rate for the sector was 2.5%, the lowest since early 2001, when the rate stood at 2.3%. That compares very favorably with the last quarter of 2005, when the IT unemployment rate stood at 3.7%.