For those interested in closely following their job security in information security, the Bureau of Labor and Statistics (BLS) always puts out some interesting quarterly data to look at. No there wasn’t 0% unemployment as occurred from Q1 2011 through Q3 2012 but under 2% annualized isn’t too shabby. For the quarter the BLS pegged joblessness at 5.8% however even the they won’t vouch for that figure as the sample size was too small … hence the annualized percentage.
For the past few years, this blog has reported virtually no unemployment among IT security professionals. But for the last quarter of 2012 – reflecting statistics provided by the U.S. Labor Department’s Bureau of Labor Statistics – evidence first surfaced that the IT security profession isn’t immune from joblessness [see 3% Unemployment Among InfoSec Pros?]. That trend continued into the first quarter of 2013.
Data made available by BLS on April 5 show an unemployment rate of 5.8 percent with an estimated 2,000 out of 34,000 IT security professionals out of work. Don’t believe those numbers; BLS won’t vouch for them.
Because the sample size is so small for any particular job classification [that’s why BLS doesn’t post them, but makes the data available upon request], economists, including those from BLS, suggest aggregating a year’s worth of data, which is the formula I’ve used to come up with employment numbers and unemployment rates.
Today’s post pic is from AllmandLaw.com.