IT Employment Grew by Just 700 Jobs in 2023, Down From 267,000 in 2022

null By Belle LinJan. 5, 2024 9:19 pm ETA sign seeking employees is displayed at a 2022 job fair in Miami. There was less IT hiring in 2023. Photo: Marta Lavandier/Associated PressThe information-technology sector grew by only 700 jobs over 2023, a drastic slowdown from the 267,000 jobs added in 2022, even as artificial intelligence and ChatGPT spawned huge interest from businesses.Job losses in the first half of 2023, including layoffs at technology-driven companies that dominated the period, hurt overall hiring for tech jobs in all industries, said Victor Janulaitis, chief executive of consulting company Janco Associates. The firm bases its findings on data from the U.S. Department of Labor. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Sponsored OffersWalmart: $20 Off Walmart Promo Code - Any $50+ OrderBest Buy: Save $1000 discount on iPhone 15 Pro and Pro Max - Best Buy couponeBay: Unlock 10% Off orders With this eBay couponGroupon

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IT Employment Grew by Just 700 Jobs in 2023, Down From 267,000 in 2022

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Belle Lin

Jan. 5, 2024 9:19 pm ET

A sign seeking employees is displayed at a 2022 job fair in Miami. There was less IT hiring in 2023. Photo: Marta Lavandier/Associated Press

The information-technology sector grew by only 700 jobs over 2023, a drastic slowdown from the 267,000 jobs added in 2022, even as artificial intelligence and ChatGPT spawned huge interest from businesses.

Job losses in the first half of 2023, including layoffs at technology-driven companies that dominated the period, hurt overall hiring for tech jobs in all industries, said Victor Janulaitis, chief executive of consulting company Janco Associates. The firm bases its findings on data from the U.S. Department of Labor.