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U.S. Bureau of Labor Statistics, 1999

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.

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U.S. Bureau of Labor Statistics, 1999

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

  2. 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. • 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

  3. The Job Market for IT Professionals • March 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)

  4. 2006 - Present The number of students in IT programs has not rebounded enough to meet today’s demand.

  5. 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)

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