This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Tech Jobs: So Hot Right Now

Stocks in this article: GOOG AMZN

Story updated with comments from tech recruitment experts.

NEW YORK ( TheStreet) -- Tech giants continued to add workers in January after sharply ramping up hiring in 2011, with companies such as Amazon (AMZN) and Facebook helping to accelerate a U.S. recovery from the recession.

The U.S. Bureau of Labor Statistics doesn't provide a comprehensive view of tech hiring. Friday's jobs report, however, offers indicators of the sector's health. Companies providing computer systems design and other services, for example, added 1,700 jobs, bringing total employment to 1.6 million.

Management and technical consulting services, meanwhile, added 3,000 jobs to 1.1 million.

Unemployment in the tech sector fell to 3.8% in January after hovering around 4% for the last several months. This compares an overall U.S. unemployment rate of 8.3%.

"When you're talking about 4% or 5% this really represents full employment," said Scot Melland, CEO of, an IT careers site.

Technology hiring continues to gain momentum as top firms look to keep up their growth rates.

Amazon plans to create 4,500 new jobs in its fulfillment centers this year, as the e-commerce giant invests heavily in warehouses and shipping services. The e-commerce giant boosted its headcount to 56,200 in 2011 from 33,700.

Facebook has also said it plans to step up its hiring this year amid its $5 billion IPO. Last year, the social network increased its headcount to 3,200 from 2,127 in 2010.

Google (GOOG), which added more than 8,000 workers in 2011 to bring its total headcount to 32,500, has also said it plans to bolster hiring in its New York office this year. The company is investing aggressively in new areas outside its core search business like mobile and display ads to avoid stagnant growth.

Expect a 10% increase in information technology-related hiring during the first quarter of 2012, according to staffing firm Robert Half, which surveyed chief information officers.

"We've been saying 'cautiously optimistic' for 18 months, but this is the first time we actually mean it," said Joel Capperella, vice president of marketing for Yoh, a Philadelphia-based staffing agency which specializes in the information technology sector.

Caparella said he has noticed an uptick in recent months among employers turning many of their part-time workers into fulltime employees.

Job candidates with backgrounds in engineering and software development are particularly in high demand.

Tech professionals saw their wages rise more than 2% in 2011 to $81,327 from $79,384, according to Dice.

More than 3.98 million people were employed in IT-related fields by the end of 2011, close to the 4 million employed in 2008 prior to the recession.

--Written by Olivia Oran in New York.

>To follow the writer on Twitter, go to

>To submit a news tip, send an email to:

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs