Foote Partners, LLC Foote Research Group Foote Partners LLC IT Jobs News Analysis May 10, 2016

Similar documents
IT job growth slides in October following a spectacular September, as 12,900 jobs are added to U.S. payrolls.

Average monthly IT jobs growth in 2015 beating 2014 numbers by more than 2,000 new jobs per month

Foote Partners, LLC Foote Research Group Foote Partners LLC News Analysis April 4, 2014

FOOTE IT NEWS ANALYSIS Bureau of Labor Statistics US Employment Report September 2011

Mark Stagen Founder/CEO Emerald Health Services

Nevada s Unemployment Rate Remains Unchanged in March

Cardinal Bank & George Mason University

Manpower Employment Outlook Survey Singapore

Direct Hire Agency Benchmarking Report

SEEK NZ Employment Indicators, May Commentary

Maine s Economic Outlook: 2009 and Beyond

August 2018 Labor Market Review Reported by: Cassie Janes

National Trends Winter 2016

Peyton Resource Group. Current State of the DFW Job Market Bryan Mayhew CEO May 11, 2016

winning in US commercial staffing

GCC hiring activity slowed down, but the job market in the UAE remains promising

Monster Employment Index reports 16 percent growth in online job postings in the UAE, month-on-month

Metro Areas See Improvement in April s Unemployment Numbers

MYOB Business Monitor. November The voice of Australia s business owners. myob.com.au

UAE s banking and financial industry is hiring, according to data released by Monster Employment Index Middle East

Florida Online Job Ads Seasonally Adjusted. May 10. May 11. May 12. Nov 09. Nov 11. Nov 10

SEEK EI, February Commentary

quarterly BOROUGH LABOR MARKET BRIEF Quarter 1

Available at

US SERVICES TRADE AND OFF-SHORING

NHS performance statistics

3 rd Quarter of Fiscal 2013 Earnings Review. February 8,2013 en-japan Inc.

Q Manpower. Employment Outlook Survey New Zealand. A Manpower Research Report

Nevada s Metro Areas Show Improvement Since Height of Recession

SUPPLY CHAIN MANAGEMENT AND PROJECT MANAGEMENT

August 2018 Labor Market Review Reported by: Cassie Janes

The Software Industry Financial Report

JOB ADVERTISING STRENGTHENING SHARPLY IN MINING STATES AND TENTATIVELY STABILISING IN NON-MINING REGIONS, REDUCING NEED FOR

CHC-A Continuity Dashboard. All Sites Continuity - Asthma. 2nd Qtr-03. 2nd Qtr-04. 2nd Qtr-06. 4th Qtr-03. 4th Qtr-06. 3rd Qtr-04.

Snohomish County Labor Area Summary April 2017

Q HIGHER EDUCATION. Employment Report. Published by

Enlisted Professional Military Education FY 18 Academic Calendar. Table of Contents COLLEGE OF DISTANCE EDUCATION AND TRAINING (CDET):

Corporate Services Employment Report: January Employment by Staff Group. Jan 2018 (Jan 2017 figure: 1,462) Overall 1,

TALENT MARKET UPDATE SINGAPORE Q2 2017

Talent Acquisition Analytics

NHS performance statistics

Benchmark. Middle East hotel benchmark survey report

Q Manpower. Employment Outlook Survey India. A Manpower Research Report

NHS Performance Statistics

LESSONS LEARNED IN LENGTH OF STAY (LOS)

Activity Based Cost Accounting and Payment Bundling

U.S. Hiring Trends Q3 2015:

MONTHLY JOB VACANCY STUDY 2016 YEAR IN REVIEW NIPISSING DISTRICT MONTHLY JOB VACANCY STUDY YEAR IN REVIEW

Markit UK Report on Jobs: Scotland

The outlook for employment is uncertain, according to the Monster Employment Index

Will PBJ erase your star rating?

During the 4 Years: December, December, 1994 * TOTAL INDUSTRY JOBS LOST (30,800) -1.9%

MEITEC CORPORATION. Results for the 1st Quarter of the Fiscal Year Ending March 31, July 27, TSE. Disclaimer

Hospitals and the Economy. Anne McLeod Vice President, Finance Policy California Hospital Association

Forward Looking Statements

Washington Area Economy and Housing Market: Performance and Outlook NVAR Economic Summit

Colorado Medical-Dental Integration Project (CO MDI)

Chapter 9: Labor Section 1

Webinar Control Panel

How Does Payroll-Based Journal Reporting Impact Your Five Star? Don Feige, ezpbj

Manpower Employment Outlook Survey Ireland. A Manpower Research Report

quarterly BOROUGH LABOR MARKET BRIEF Quarter 1

Manpower Employment Outlook Survey Australia

Markit UK Report on Jobs: Scotland

Let Hospital Workforce Data Talk

MONTHLY JOB VACANCY STUDY 2016 YEAR IN REVIEW PARRY SOUND DISTRICT MONTHLY JOB VACANCY STUDY YEAR IN REVIEW - PARRY SOUND DISTRICT

New Year brings positive news for the job market reveals the latest ManpowerGroup Employment Outlook Survey

Veteran Talent Index. U.S. Job Conditions. Insights and Analysis from Veteran Professionals, Recruiters and Hiring Managers.

STATEMENT OF FINANCIAL POSITION

Scot Melland Chairman, President & CEO. Mike Durney SVP, Finance & CFO

of American Entrepreneurship: A Paychex Small Business Research Report

November Jobless Rates Fell Seasonally in Regional Labor Markets

Monster Employment Index: UAE s employment market is growing steadily

Kforce Inc. J.P. Morgan Ultimate Services Investor Conference November 14, 2017

Markit UK Report on Jobs: Scotland

PAUL R. JONES STUDENT CENTER STATEMENT OF NEED and DETAILED FUNDRAISING PLAN, April 2017

BOROUGH OF ROSELLE PUBLIC NOTICE ANNUAL NOTICE OF CALENDAR YEAR 2018 WORKSHOP SESSIONS, PRE-AGENDA MEETINGS AND REGULAR MEETINGS

STATEMENT OF FINANCIAL POSITION

AMN Healthcare Investor Presentation

CAMDEN CLARK MEDICAL CENTER:

Year. Figure 5.2

3 rd quarter results 2009

UNIVERSITY OF DAYTON DAYTON OH ACADEMIC CALENDAR FALL Incoming First Year students move into UD Housing

ManpowerGroup Employment Outlook Survey India

January Jobless Rates Stable in Most Regional Counties

Loyola University Chicago ~ Archives and Special Collections

RECOMMENDED CITATION: Pew Research Center, July, 2015, A Year Later, U.S. Campaign Against ISIS Garners Support, Raises Concerns

Change Management at Orbost Regional Health

FY12/10 1 st Quarter Earnings Review. May 12th, 2010 en-japan Inc.

UNIVERSITY OF ILLINOIS HOSPITAL & HEALTH SCIENCES SYSTEM HOSPITAL DASHBOARD

Q4 & Annual 2017 HIGHER EDUCATION. Employment Report. Published by

2014 ASTA Travel Agency Industry Overview

Monster Employment Index Singapore eases by One Percent on-year

2017 HIMSS DAVIES APPLICANT

ManpowerGroup Employment Outlook Survey India

Emergency Department Waiting Times

UI Health Hospital Dashboard September 7, 2017

Data Project. Overview. Home Health Overview Fraud Indicators Decision Trees. Zone Program Integrity Contractor Zone 4 Decision Tree Modeling

Improving Pain Center Processes utilizing a Lean Team Approach

Manpower Employment Outlook Survey India. A Manpower Research Report

Transcription:

FOR IMMEDIATE RELEASE Contact: Ted Lane tlane@footepartners.com Tel: 772-234-2787 FOOTE IT NEWS ANALYSIS Technology employment trends in the April 2016 Bureau of Labor Statistics U.S. Employment Report 24,800 tech jobs added to U.S. payrolls in April---all in the Professional Services industry--- up dramatically from 10,700 in March, 6,500 in February, and 5,500 in January. The highest monthly job growth in more than eight years But 2016 average monthly tech job growth still below 2015 s average. Vero Beach, FL May 10, 2016. An analysis of last Friday s release of April 2016 U.S. employment numbers by the Bureau of Labor Statistics (BLS) reveals a dramatic net increase of 24,800 in tech jobs across four industry job segments commonly associated with technology professionals. April s gain was the most tech jobs added in a single month since before the Wall Street crash and subsequent economic recession. Following the first three months of 2016 in which an average of 7,567 tech jobs were added each month to U.S. payrolls, April s results were a 132% improvement over the previous month s 10,700 tech job expansion and a substantial 281% change from February s 6,500 job gain. Despite the latest numbers, the 11,875 average monthly job growth in 2016 still trails 2015 s 12,300 average/month by more than 400 jobs. [see Figs. 1, 3, and 6]. 2016 Copyright Foote Partners LLC (www.footepartners.com). 772-234-2787. All Rights Reserved. Page 1 of 15

Two IT segments have been responsible for slightly more than 98% of all IT jobs added to US payrolls in the past twelve months: Management and Technical Consulting Services and Computer Systems Design/Related Services. These segments were responsible for all new jobs added in April, adding 27,900 jobs for the month, up from 10,900 jobs in March and 7,800 in February. These segments averaged 11,242 new jobs per month in 2015; so far in 2016 they are averaging 13,050/month due largely to the impressive April showing. [see Figs. 1 and 3]. The remaining two job segments relating to tech hiring, Telecommunications and Data Processing, Hosting and Related Services together lost 3,100 more jobs for the month, adding to losses of 200 jobs in March, 1,300 jobs in February, and 100 more in January. These segments have averaged losses of 1,175 jobs per month so far this year, a reversal of the 12,696 new jobs added in these segments in all of 2015 for a monthly average of 1,058 jobs. Clearly, the relatively poor performance in tech job creation reflected in these Department of Labor reports beginning last November and carrying through to March has unexpectedly reversed itself. But one month is not a trend, notes Foote Partners chief analyst David Foote. As tech labor analysts we like to see a minimum of three solid months of consistent job gains before begin searching for additional evidence to support a change of direction in the employment market. Given the general volatility that has existed in the tech employment over that past several years we re at best only cautiously optimistic by this latest development. It would be wise to harbor no illusions that a boom in hiring tech labor is in our near future: many tech workers remain unemployed and discouraged about their prospects. The truth is that last year s BLS numbers were very volatile with big swings from month to month. The problem now is that while volatility subsided somewhat in the first quarter of 2016, the level of IT jobs added to U.S. payrolls more of less flatlined at a much lower level of growth and that fact should be a concern to IT professionals. It has appeared that IT employment is under a certain amount of pressure this year even though economists are suggesting that the American economy is holding up well despite a slowdown in China, growing risks in emerging markets and turmoil in the stock market. The financial markets are leery but the U.S. labor market still looks like it s continuing to grow, though a bit more softly than had been projected. 2016 Copyright Foote Partners LLC (www.footepartners.com). 772-234-2787. All Rights Reserved. Page 2 of 15

Continues Foote, Late last month, the government reported that the economy barely expanded in the first quarter. But most experts say the gains in the overall labor market in recent months are a more reliable sign, suggesting that the economy will continue to expand for the rest of 2016, and that the pace of growth will pick up modestly from the stagnant start to the year. The one caveat in our analysis is that BLS data only reports approximately 40% of the true IT labor market. They fail to adequately track and report hot job market segments in cloud computing, mobile computing, Big Data analytics, cybersecurity, certain areas of software development and engineering like the hot digital innovation space, and a large portion of hybrid IT-business positions that do not generally reside in the IT department but instead are distributed throughout companies in administrative areas, functional departments, and products groups for example, say Foote. Our observation has been that there continues to be aggressive hiring occurring in several of these highly specialized areas. And it appears from the latest DoL reports that the contingent workforce of consultants and contractors is where a lot of the hiring is focused right at this moment. In fact, 67,000 jobs were added in the business and professional services category last month with nearly 28,000 of these jobs in the two primarily tech sectors mentioned earlier. The Department of Labor will never be able to accurately track technology jobs unless it overhauls its methodology and job definition and classification model and that s not going to happen anytime soon if at all. They can t afford to render decades of historical employment trend data obsolete. That s a very practical concern for people in a research business. As a research director myself they certainly have my sympathies. But at the same time this dilemma represents a serious conundrum for anyone trying to understand the true state of the technology labor marketplace in the U.S. 2016 Copyright Foote Partners LLC (www.footepartners.com). 772-234-2787. All Rights Reserved. Page 3 of 15

Hiring Trend Charts IT Employment Segments April 2016 Employment Situation Summary Report (U.S. Department of Labor/Bureau of Labor Statistics) 2016 Copyright Foote Partners LLC (www.footepartners.com). 772-234-2787. All Rights Reserved. Page 4 of 15

FIGURE 1 U.S. Department of Labor/Bureau of Labor Statistics Job Situation Report (January 2014 to April 2016) MONTHLY JOB SITUATION TRENDS IT Professional Job Segments (Highlights for four bellwether IT jobs segments) Nonfarm job loss/gain (month) 2014 2015 2016 Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar Apr 144,000 222,000 203,000 304,000 229,000 267,000 243,000 203,000 256,000 261,000 423,000 329,000 201,000 266,000 119,000 221,000 254,000 245,000 223,000 153,000 145,000 307,000 280,000 271,000 168,000 233,000 208,000 160,000 National unemployment rate 6.6% 6.7% 6.7% 6.3% 6.3% 6.1% 6.2% 6.1% 5.9% 5.8% 5.8% 5.6% 5.7% 5.5% 5.5% 5.4% 5.5% 5.3% 5.3% 5.1% 5.1% 5.0% 5.0% 5.0% 4.9% 4.9% 5.0% 5.0% Professional/Technical Services Segment 5: Management/Technical Consulting Services Segment 4: Computer Systems Design/Related Services Information Segment 4: Telecommunications Segment 5: Data Processing/Hosting/ Related Services 20,400 35,400 10,400 25,100 24,700 31,000 24,900 16,800 21,100 20,000 37,500 12,600 32,500 31,800 23,700 20,700 18,800 23,900 26,600 14,500 17,700 26,900 28,400 11,100 25,300 17,600 13,500 31,100 600 5,300 3,500 5,000 6,800 8,200 2,700 3,000 11,500 4,000 7,300 3,200 3,600 7,100 3,800 6,000 7,000-1,200 3,300 6,100 900 7,000 5,000 4,200 2,200 3,400 6,800 20,600 4,700 5,000 6,100 8,900 6,600 6,900 3,900 1,500 4,900 6,800 6,500 9,000 8,000 5,200 3,900 9,100 10,300 4,400 8,700 7,000 7,000 9,900 4,800 3,800 3,400 4,400 4,100 7,300 0-16,000 2,000-3,000-5,000 9,000 2,000-3,000 12,000-4,000 4,000 2,000 6,000 7,000 2,000 3,000-3,000 7,000 2,000-7,000 12,000-1,000-12,000 16,000 1,000 12,000 1,000 0-10,200 800 2,200 2,900 3,200 200 800-1,800 4,600 800 2,300-300 -400-100 1,400-1,700-100 400 1,600-3,500 600-400 500-900 0-2,200-400 -2,500 1,800-900 -900 100-1,000 1,600 3,700 1,000 1,700 1,300 1,200-3,000 3,300 1,500 1,500 100 2,700 2,200 1,300 1,600 1,300-200 1,000-1,000-100 900 200-600 Net gain/loss-all IT SEGMENTS Net gain/loss-only IT SERVICES SEGMENTS Net gain/loss-other IT JOB SEGMENTS -3,100 10,200 10,900 16,900 15,600 16,900 11,100 3,700 22,700 12,900 17,300 8,900 14,500 13,700 10,600 13,500 19,900 5,800 14,900 11,200 9,800 16,300 11,300 6,100 5,500 6,500 10,700 24,800 5,300 10,300 9,600 13,900 13,400 15,100 6,600 4,500 16,400 10,800 13,800 12,200 11,600 12,300 7,700 15,100 17,300 3,200 12,000 13,100 7,900 16,900 9,800 8,000 5,600 7,800 10,900 27,900-8,400-100 1,300 3,000 2,200 1,800 4,500-800 6,300 2,100 3,500-3,300 2,900 1,400 2,900-1,600 2,600 2,600 2,900-1,900 1,900-600 1,500-1,900-100 -1,300-200 -3,100 Key: Job gains in green Job losses in red Source: US Department of Labor/Bureau of Labor Statistics. Data chart and analysis by Foote Partners LLC 2016 Copyright Foote Partners LLC (www.footepartners.com). 772-234-2787. All Rights Reserved. Page 5 of 15

FIGURE 2 U.S. Department of Labor/Bureau of Labor Statistics Job Situation Report (January 2012 to December 2013) (Continued) MONTHLY JOB SITUATION TRENDS IT Professional Job Segments (Highlights for four bellwether IT jobs segments) Nonfarm job loss/gain (month) 2012 2013 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 284,000 227,000 143,000 68,000 87,000 64,000 181,000 192,000 132,000 137,000 247,000 219,000 148,000 332,000 138,000 199,000 176,000 172,000 89,000 193,000 175,000 200,000 274,000 84,000 National unemployment rate 8.3% 8.3% 8.2% 8.1% 8.2% 8.2% 8.3% 8.1% 7.8% 7.8% 7.7% 7.8% 7.9% 7.7% 7.6% 7.5% 7.6% 7.6% 7.4% 7.4% 7.2% 7.2% 7.0% 6.7% Professional/Technical Services Segment 5: Management/Technical Consulting Services Segment 4: Computer Systems Design/Related Services 30,300 34,200 13,800 27,500-4,000 18,200 17,900 26,800 4,900 15,500 15,300 16,900 14,800 26,800 24,600 22,800 18,200 9,800 21,100 10,900 6,300 21,400 17,500-11,700 3,000 7,400 5,300 6,400 2,200 8,900 6,300 8,700-1,800 4,500 0 5,800 11,500 4,400 6,200 5,700 3,200 8,400 6,900 1,700 1,500 7,700 600 3,900 1,700 10,200 3,900 7,400 5,300 6,600 7,000 10,600 2,900 6,600 7,100 5,600 4,600 5,800 3,900 3,300 6,000 7,300 4,300 2,400 4,500 3,200 2,700 1,400 Information Segment 4: Telecommunications 13,000-1,000-900 -2,000-2,000-8,000 11,000 3,000 3,000 1,000 12,000-9,000 9,000 20,000 5,000-9,000 3,000-5,000 9,000-18,000 4,000 5,000-1,000-12,000-300 -6,400-3,600-3,500-2,000-2,100 2,800-2,300-400 1,400 300-1,800 4,900 400 1,800 1,200 1,000 700 3,600 2,700-2,700-300 -2,100 1,700 Segment 5: Data Processing/Hosting/ Related Services -1300 1900-600 -500-300 0 2,100 1,100-2,400 0-600 200 1,100-800 -500-500 -400 1,800 3,600-100 200-200 -200 500 Net gain/loss-all IT SEGMENTS Net gain/loss-only IT SERVICES SEGMENTS Net gain/loss-other IT JOB SEGMENTS 3,100 13,100 5,000 9,800 5,200 13,400 18,200 18,100-1,700 12,500 6,800 9,800 22,100 9,800 11,400 9,700 9,800 18,200 18,400 6,700 3,500 10,400 1,000 7,500 4,700 17,600 9,200 13,800 7,500 15,500 13,300 19,300 1,100 11,100 7,100 11,400 16,100 10,200 10,100 9,000 9,200 15,700 11,200 4,100 6,000 10,900 3,300 5,300-1,600-4,500-4,200-4,000-2,300-2,100 4,900-1,200-2,800 1,400-300 -1,600 6,000-400 1,300 700 600 2,500 7,200 2,600-2,500-500 -2,300 2,200 Key: Job gains in green Job losses in red Source: US Department of Labor/Bureau of Labor Statistics. Data chart and analysis by Foote Partners LLC 2016 Copyright Foote Partners LLC (www.footepartners.com). 772-234-2787. All Rights Reserved. Page 6 of 15

FIGURE 3 U.S. Department of Labor/Bureau of Labor Statistics Job Situation Report (Through April 2016) CUMULATIVE JOB SITUATION TRENDS IT PROFESSIONALS Highlights for four bellwether IT jobs segments) U.S. LABOR DEPT CUMULATIVE NET JOB GAINS/DECLINES: through April 2016 JOBS SEGMENT 36 mos. 24 mos. 12 mos. 8 mos. 6 mos. 4 mos. 3 mos. 2 mos. Dec'12 - Nov'15 Dec'13 - Nov'15 Dec'14 - Nov'15 Apr'14 - Nov'15 Jun'14 - Nov'15 Aug'15 -Nov'15 Sep'15 -Nov'15 Oct'15 - Nov'15 Professional and Technical Services 737,500 552,700 255,400 171,600 127,000 87,500 62,200 44,600 Segment 5: Management/Technical Consulting Services 180,800 132,500 65,300 50,100 42,200 33,000 30,800 27,400 Segment 4: Computer Systems Design/Related Services 203,900 147,400 75,100 44,700 27,800 19,200 15,800 11,400 Information 31,000 63,000 28,000 29,000 18,000 14,000 13,000 1,000 Segment 4: Telecommunications 2,400 2,100-6,900-5,300-5,500-5,100-5,100-2,900 Segment 5: Data Processing/Hosting/ Related Services 27,500 22,200 9,300 1,500 400 400 500-400 TOTAL - ALL 4 IT SEGMENTS 414,600 304,200 142,800 91,000 64,900 47,500 56,800 35,500 IT Services segments 384,700 279,900 140,400 94,800 70,000 52,200 46,600 38,800 Tech Information segments 29,900 24,300 2,400-3,800-5,100-4,700-4,600-3,300 Key: Job gains in green Job losses in red Source: US Department of Labor/Bureau of Labor Statistics. Data chart and analysis by Foote Partners LLC 2016 Copyright Foote Partners LLC (www.footepartners.com). 772-234-2787. All Rights Reserved. Page 7 of 15

Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 Foote Partners, LLC FIGURE 4 U.S. Department of Labor/Bureau of Labor Statistics Job Situation Report (January 2013 to April 2016) Only two years ago, the November unemployment rate was more than two percentage points higher. The fall has been faster than most economists expected, though part of the reason has been a drop in the labor force participation rate as people retire, go back to school or just give up. * The labor force participation rate measures the number of people who are working or looking for a job. 64.0% 63.0% 62.0% 61.0% Civilian labor force participation rate Employment-population ratio 60.0% 59.0% 58.0% 2016 Copyright Foote Partners LLC (www.footepartners.com). 772-234-2787. All Rights Reserved. Page 8 of 15

Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 Foote Partners, LLC FIGURE 5 JOB GROWTH/DECLINE - Management/Technical Consulting jobs vs. Computer Systems Design/Related services jobs - Net job gains/losses from January 2011 to April 2016 9.5% 450,000 9.0% 400,000 8.5% 8.0% 7.5% 7.0% 6.5% 6.0% 5.5% 350,000 300,000 250,000 200,000 150,000 100,000 5.0% 50,000 4.5% 0 National unemployment rate Nonfarm job gains (month) Source: US Department of Labor/Bureau of Labor Statistics. Data chart and analysis by Foote Partners LLC 2016 Copyright Foote Partners LLC (www.footepartners.com). 772-234-2787. All Rights Reserved. Page 9 of 15

Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 Foote Partners, LLC FIGURE 6 30,000 25,000 7300 20,000 15,000 10,000 5,000 0 5,300 10,600 4,600 10,200 7,300 10300 6,900 9900 7,400 20600 7,000 4,300 3,200 8,900 6,600 6500 9100 5200 7000 5,600 11500 4100 3,900 6,600 3,900 5,000 5,800 3,300 6800 90008000 8700 4800 7,400 6,200 6,000 6,100 11,500 3900 3800 3,000 4400 8,900 8,7002,900 1,400 1,700 5,300 8,400 7,700 6,300 6,900 6,800 8,200 3,900 7000 3400 7,100 4,500 1,500 7300 7100 5,800 5,700 6,400 5,300 4,500 4,400 3,200 3,900 1,700 3,500 5,000 6000 7000 6100 70005000 420022003400 6800 2,400 4,700 2,700 4000 2,7003,000 3200 3600 3800 4400 3300 1,500 2,200 0 600 600 900-1,800-1200 4900-5,000 Management/Technical Consulting Services net gain or loss Computer Systems Design/Related Services net gain or loss Source: US Department of Labor/Bureau of Labor Statistics. Data chart and analysis by Foote Partners LLC 2016 Copyright Foote Partners LLC (www.footepartners.com). 772-234-2787. All Rights Reserved. Page 10 of 15

Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 IT Jobs Added to US Payrolls Foote Partners, LLC FIGURE 7 More than 98% of IT Job Creation in last 12 months has been in IT Services Industries Management and Technical Consulting Services and Computer Systems Design and Related Services segments added 140,400 net jobs in last 12 mos. 30,000 25,000 20,000 15,000 Telecommunications and Data Processing, Hosting and Related Services added only 2,400 net jobs in the same period.. 10,000 5,000 0-5,000 IT Service industries All IT related industries Source: US Department of Labor/Bureau of Labor Statistics. Data chart and analysis by Foote Partners LLC 2016 Copyright Foote Partners LLC (www.footepartners.com). 772-234-2787. All Rights Reserved. Page 11 of 15

Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 Foote Partners, LLC FIGURE 8 LABOR FORCE COMPOSITION: Marginally attached vs. Discouraged - 2012 to 2016 3,000,000 Have not searched for work in the 4 weeks preceding the survey Marginally attached to labor force (millions) 2,500,000 2,000,000 Discouraged workers (not looking for work) 1,500,000 1,000,000 Wanted to work but can t find jobs or have given up looking 500,000 0 Source: US Department of Labor/Bureau of Labor Statistics. Data chart and analysis by Foote Partners LLC 2016 Copyright Foote Partners LLC (www.footepartners.com). 772-234-2787. All Rights Reserved. Page 12 of 15

Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 Foote Partners, LLC FIGURE 9 UNEMPLOYED AND UNDEREMPLOYED PERSONS: Total vs. Long-Term vs. Part-timers - 2013 to 2016 13,700,000 11,700,000 # of unemployed persons (millions) 9,700,000 Long-term unemployed/27+ weeks (millions) 7,700,000 5,700,000 Employed part-time for economic reasons (millions) 3,700,000 1,700,000 Source: US Department of Labor/Bureau of Labor Statistics. Data chart and analysis by Foote Partners LLC 2016 Copyright Foote Partners LLC (www.footepartners.com). 772-234-2787. All Rights Reserved. Page 13 of 15

FIGURE 10 - U.S. Department of Labor/Bureau of Labor Statistics Job Situation Report (Through February 2016) KEY EMPLOYMENT STATISTICS Last 25 Months Mar-14 Oct-14 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 (25 mo. ago) (18 mo. ago) (14 mo. ago) (13mo. ago) (12 mo. ago) (11 mo. ago) (10 mo. ago) (9 mo. ago) (8 mo. ago) (7 mo. ago) (6 mo. ago) (5 mo. ago) (4 mo. ago) (3 mo. ago) (2 mo. ago) (1 mo. ago) (Now ) Unemployment rate 6.7% 5.8% 5.5% 5.5% 5.5% 5.5% 5.3% 5.3% 5.1% 5.1% 5.0% 5.0% 5.0% 4.9% 4.9% 5.0% 5.0% # of unemployed persons 10.5 million 9.0 million 8.7 million 8.7 million 8.7 million 8.7 million 8.3 million 8.3 million 8.0 million 7.9 million 7.9 million 7.9 million 7.9 million 7.8 million 7.8 million 8.0 million 7.9 million Long-term unemployed--27+ weeks 3.7 million 2.90 million 2.70 million 2.70 million 2.70 million 2.5 million 2.1 million 2.2 million 2.2 million 2.1 million 2.1 million 2.1 million 2.1 million 2.1 million 2.2 million 2.2 million 2.1 million (% of total unemployed persons) 35.8% 32.0% 31.1% 31.1% 31.1% 28.6% 25.8% 26.9% 27.7% 26.6% 26.8% 25.7% 26.3% 26.9% 27.7% 27.6% 25.7% Civilian labor force participation rate 63.2% 62.8% 62.8% 62.8% 62.8% 62.9% 62.6% 62.6% 62.6% 62.4% 62.4% 62.5% 62.6% 62.7% 62.9% 63.0% 62.8% Employment-population ratio 58.9% 59.2% 59.3% 59.3% 59.3% 59.4% 59.3% 59.3% 59.2% 59.2% 59.3% 59.3% 59.5% 59.6% 59.8% 59.9% 59.7% Employed part-time for economic reasons 7.4 million 7.0 million 6.6 million 6.6 million 6.6 million 6.7 million 6.5 million 6.3 million 6.5 million 6.0 million 5.8 million 6.1 million 6.0 million 6.0 million 6.0 million 6.1 million 6.0 million Marginally attached to labor force 2.2 million 2.2 million 2.2 million 2.2 million 2.2 million 1.9 million 1.9 million 1.9 million 1.8 million 1.9 million 1.9 million 1.7 million 1.8 million 2.1 million 1.8 million 1.7 million 1.7 million Discouraged workers (not looking for work) 698,000 770,000 732,000 732,000 732,000 563,000 653,000 668,000 624,000 635,000 665,000 594,000 663,000 623,000 599,000 585,000 568,000 Source: US Department of Labor/Bureau of Labor Statistics. Data chart and analysis by Foote Partners LLC 2016 Copyright Foote Partners LLC (www.footepartners.com). 772-234-2787. All Rights Reserved. Page 14 of 15

ABOUT FOOTE PARTNERS Foote Partners LLC is a Vero Beach, FL based IT analyst firm and independent benchmark research organization focusing on the human capital aspects and execution (i.e. user versus vendor) side of managing technology and IT value creation. A thought leader and trusted advisor to more than 4,000 employers on six continents, the firm provides pragmatic and forward-thinking benchmark research and analysis about managing the modern business/it hybrid professional workforce. Our research is deeply grounded in specialized proprietary benchmark research, surveys, and empirical intelligence collected from 2,845 U.S. and Canadian employers representing 220,000 IT professionals with whom the firm as forged long term research partnerships. Founded in 1997 and comprised of former Gartner and META Group industry analysts, McKinsey & Company, Towers Watson, and Mercer senior consultants, and former corporate HR, IT, and business executives, the firm s research division publishes more than 130 quarterly-updated IT decision support benchmark research products that help employers benchmark their IT professional compensation, solve difficult information technology management and workforce problems, and strengthen their ability to execute complex solutions to increasing revenues, improving profitability, and building customer satisfaction. Foote Partners respected IT Insider research series features comprehensive and up-to-date IT salary/bonus and technical skills premium pay benchmark surveys, and IT organization and workforce trends research. Included in the quarterly IT Insider series are the following: IT Professional Salary Survey IT Skills and Certifications Pay Index TM IT Salary+Skills Pay Survey Reports TM IT Professional Job Descriptions IT Insider Workforce Trends Series TM reports IT Skills Demand and Pay Trends Report TM IT Skills and Certifications HOT LIST Forecast IT Skills & Certifications Volatility Index Headquarters: 4445 North A1A, Suite 200 Vero Beach, FL 32963 Tel: 772-234-2787 Web: www.footepartners.com Twitter blog: @FPview 2016 Copyright Foote Partners LLC (www.footepartners.com). 772-234-2787. All Rights Reserved. Page 15 of 15