Estimating IT Personnel and Issues of A Down Economy

Historically IT has been more stable in a down economy than the job market at large. We still need to keep the business running and there are usually value to the business considerations that keep software development going. IT employment is a near record high levels. Still, with the issues in banking and Wall Street, the offshore outsourcers are going to be hurting. Some reports say Wall Street employed a third of outsourced IT. And organizations such as the now defunct Lehman were in the forefront of IT innovation. .

So… expect some bargains from offshore.

This chart from CIO Insight shows the strength of IT employment in the US:

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