u.s. bureau of labor statistics, 1999

5
O ccupation 1998 2008 Fastestgrow ing 1 C om puterengineers 299 622 323 108 1 2 C om putersupportspecialists 429 869 440 102 1 3 System s analysts 617 1,194 577 94 1 4 D atabase adm inistrators 87 155 68 77 1 5 D esktop publishing specialists 26 44 18 73 2 6 Paralegals and legalassistants 136 220 84 62 2 7 Personalcare and hom e health aides 746 1,179 433 58 4 8 Medicalassistants 252 398 146 58 3 9 Socialand hum an service assistants 268 410 142 53 3 10 Physician assistants 66 98 32 48 1 20 Securities,com m odities,and financial services sales agents 303 427 124 41 1 Em ploym ent(1,000) Em ploym entProjections by O ccupation:1998 and 2008 # C hange (1,000) Percent change Q uartile rank by median earnings R ank U.S. Bureau of Labor Statistics, 1

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U.S. Bureau of Labor Statistics, 1999. The Job Market for IT Professionals. 1996 : venture capitalists started to invest heavily in Internet companies. IT employment exploded, and IT enrollments in universities soared. - PowerPoint PPT Presentation

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Page 1: U.S. Bureau of Labor Statistics, 1999

Occupation 1998 2008Fastest growing

1 Computer engineers 299 622 323 108 12 Computer support specialists 429 869 440 102 13 Systems analysts 617 1,194 577 94 14 Database administrators 87 155 68 77 15 Desktop publishing specialists 26 44 18 73 26 Paralegals and legal assistants 136 220 84 62 27 Personal care and home health aides 746 1,179 433 58 48 Medical assistants 252 398 146 58 39 Social and human service assistants 268 410 142 53 310 Physician assistants 66 98 32 48 1

20 Securities, commodities, and financial services sales agents 303 427 124 41 1

Employment (1,000)

Employment Projections by Occupation: 1998 and 2008

# Change (1,000)

Percent change

Quartile rank bymedian

earningsRank

U.S. Bureau of Labor Statistics, 1999

Page 2: U.S. Bureau of Labor Statistics, 1999

The Job Market for IT Professionals1996: venture capitalists started to invest heavily

in Internet companies. IT employment exploded, and IT enrollments in universities soared.

2000: rising interest rates and increased investor wariness caused stock prices to collapse. Late in 2000, hundreds of dot com companies failed.

2004: the unemployment rate among IT professionals peaked at 5.5%.

2000-2007: IT enrollments in universities plummet

Page 3: U.S. Bureau of Labor Statistics, 1999

The Job Market for IT ProfessionalsMarch 2006: IT employment reached 4.72 million,

higher than it was at the peak of the dot com bubble.Unemployment among IT professionals fell to 2.5% (compared to 4.7% for the population as a whole)A strong demand for entry-level IT professionals in April 2006 (source: Monster.com )

2004-2014: Five of the twelve occupations expected to see the fastest growth are IT professionals. (source: Bureau of Labor Statistics)

Page 4: U.S. Bureau of Labor Statistics, 1999

2006 - PresentThe number of students in IT programs has not rebounded enough to meet today’s demand.

Page 5: U.S. Bureau of Labor Statistics, 1999

Killer PC Applications VisiCalc (1979)

◦ This spreadsheet draws many to Apple II

WordStar (1979)◦ A commercially

successful word processors

Adobe PageMaker (1985)◦ Helps spur Mac

sales

E-Mail (1988)◦ The Net’s first killer

app Browsers: Mosaic,

Netscape (1993)◦ Open the Web to

everyone Search engines:

Google (1994)◦ To instantly locate

information Web2.0 (today)