ITAA: IT job growth to slow for rest of 2004
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SEPTEMBER 08, 2004  - Although there was a slight 2% increase in IT employment early in the year, IT job growth is expect to slow for the remainder of 2004, according to a report released today by the Arlington, Va.
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(InfoWorld) - Businesses are planning to scale back their IT spending in the third quarter of 2007, according to a survey released Friday by an investment research firm. IT spending usually slumps in May, but now, the percentage of companies planning to increase their spending has fallen to its lowest point in the last four years. The portion of technology and business executives who plan to increase IT spending fell from 34 percent in November to 26 percent in May, according to the report from ChangeWave Research, a division of Phillips Investment Resources. The survey also showed signs of weak spending throughout the second half of 2007 with the biggest slowdown hitting the server market. The portion of technology leaders who said their companies do not plan to buy any servers during the third quarter rose from 31 percent to 35 percent, the survey said. The results came from responses to a poll of 2,029 senior technology and business executives during the week of May 15. The forecast seems to validate Dell's decision, announced Thursday, thatÂ it would lay off 10 percent of its 88,100 employeesÂ over the next 12 months after profit fell slightly for the first quarter. Dell fared the worst of all PC vendors in the survey, which showed that the number of businesses planning to buy Dell desktops and notebooks has fallen to its lowest level in two years. The portion of corporate buyers planning to purchase a Dell desktop over the next quarter fell from 45 percent in August 2005 to 34 percent now. The numbers for laptops were almost the same. In contrast, Hewlett-Packard hit a two-year high in the number of businesses planning to buy both desktops and notebooks. Apple and Lenovo were essentially flat, while Gateway showed an increase in desktop demand. "There are rays of light; HP has shown an extraordinary rise, and there's a little pop in consumer spending. But business IT spending is undeniably slowing down, and it has been for a while, actually," said Paul Carton, director of research at ChangeWave Research. Part of that spending pullback is driven by the normal seasonal business cycle, he said. But in 2007, many companies are cutting their IT spending more than usual as they look for extra funds to meet rising energy costs. The slump in corporate IT spending plans is not the only sign of a softening economy. The analyst group GartnerÂ scaled back its forecast for 2007 global semiconductor revenue growthÂ on Thursday from a 6.4 percent rise over 2006 levels to just 2.5 percent. That soft market could put a big dent in future earnings for processor vendors like Intel andÂ AMD and for memory chip vendors like Samsung.
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Forrester Research has revised projections for IT investment in 2008 down from previous research published in October, predicting the year ahead will be a slow one both in the U.S. and globally.
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Employers' payrolls grew by just 96,000 in September in a weaker-than-expected government report Friday that provided a final snapshot before Election Day of a lackluster jobs market.
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Business activity in the U.S. Midwest  expanded in December but at a slower rate than expected, with  hiring down after four months of growth, a report showed on  Thursday.
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The U.S. manufacturing sector will grow at a slower pace over the next two years than it did in 2006, according to a new report, as new clean-air rules for diesel engines, and continued weakness in the housing and auto industries, weigh on key industrial end markets.
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The pace of growth in U.S. service  industries slowed in September and pricing power ebbed,  according to a report on Wednesday that showed a key service  sector index falling to its lowest since April 2003.
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SEPTEMBER 27, 2004  - A new government report indicates that offshore outsourcing could hurt IT employment growth over the next decade.
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U.S. job growth slowed sharply last month, and many workers' incomes fell, as automakers, airlines and retailers trimmed their payrolls, reducing consumers' buying power just as the holiday season was beginning.
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U.S. video game industry sales growth  is expected to slow in 2008 as accelerated demand for software  is tempered by a decline in hardware revenue, the Consumer  Electronics Association said on Saturday.
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The pace of growth in U.S. service industries slowed in September and pricing power ebbed, according to a report on Wednesday that showed a key service sector index falling to its lowest since April 2003.
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US economic growth should slow over the coming year as consumers cut back on spending, but improved business confidence should help hiring, a wide-ranging survey of forecasters found.
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The number of US information technology workers rose 2 percent to 10.5 million in the first quarter of this year, but demand for them is dropping, according to a new report.
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Growth in the vast U.S. services sector slowed in September, but mixed data on employment on Tuesday focused economists' attention on upcoming payrolls data to get a clearer sign about the outlook.
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Job turnover in July moved at the  slowest pace in more than a year due to a softening labor  market, a government report showed on Tuesday.
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Fewer Americans filed jobless claims last week and growth in worker productivity slowed sharply in the third quarter, government data showed on Thursday, hinting that
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The Information Technology Association of America (ITAA) survey says that the high-tech job market showed a modest 2 percent increase in the first quarter of 2004, but that the market is expected to shrink over the rest of the year.