The perfect storm continues for talent in the Healthcare I.T.

Published: April 11, 2013
Statistics in this report developed from February 2013 Unemployment Data released on April 10, 2013
 
As we've been reporting for months, there is a growing shortage of qualified professionals with the IT skill sets necessary to complete projects that are already on deck. At the same time, 80% of CEO's are anticipating increases in their I.T. spending for critical projects this year[1]. After months of trimming staff, organizations are now faced with the need to find, hire and retain top I.T. talent. The survey went on to show the following:
 
  • 4 out of 5 CEOs say they anticipate increased I.T. spending 2013.[1] 
     
  • 3 out of 5 CEOs are worried about the availability of skill sets they need.[1]
     
  • 2 out of 3 CEOs say they are currently experiencing I.T. staffing shortages.[1]
The February 2013 regional and state unemployment numbers indicate that I.T. professionals across the country are not experiencing the same unemployment challenges as most professions. While the national unemployment rate for February hovered just below 8.0%, the unemployment rate for IT professionals remained significantly lower at 3.8%.
 
Though the survey did not report unemployment rates for healthcare I.T. professionals as a sub-set, we believe that it would be a fraction of the 3.8% figure.
 

In classic terms: supply is down, demand is up and the war for talent is on.

 
[1]  Survey results from I.T. Talent Shortage Hits Home, HealthData Management
 

U.S. Unemployment Rates by State: IT vs. Overall 

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State IT Rate Overall Rate
 ALABAMA 3.4 7.0
 ALASKA 3.2 6.6
 ARIZONA 3.8 7.9
 ARKANSAS 3.5 7.2
 CALIFORNIA 4.7 9.6
 COLORADO 3.5 7.2
 CONNECTICUT 3.9 8.0
 DELAWARE 3.5 7.2
 WASHINGTON DC 4.2 8.6
 FLORIDA 3.8 7.8
 GEORGIA 4.2 8.6
 HAWAII 2.5 5.2
 IDAHO 3.0 6.2
 ILLINOIS 4.5 9.3
 INDIANA 4.2 8.6
 IOWA 2.4 5.0
 KANSAS 2.7 5.5
 KENTUCKY 3.8 7.9
 LOUISIANA 2.9 6.0
 MAINE 3.6 7.3
 MARYLAND 3.3 6.7
 MASSACHUSETTS 3.3 6.8
 MICHIGAN 4.3 8.8
 MINNESOTA 2.7 5.5
 MISSISSIPPI 4.6 9.4
 MISSOURI 3.2 6.5
 MONTANA 2.7 5.6
 NEBRASKA 1.9 3.8
 NEVADA 4.7 9.6
 NEW HAMPSHIRE 2.8 5.8
 NEW JERSEY 4.6 9.4
 NEW MEXICO 3.2 6.5
 NEW YORK 4.1 8.4
 NORTH CAROLINA 4.6 9.5
 NORTH DAKOTA 1.6 3.3
 OHIO 3.5 7.2
 OKLAHOMA 2.4 5.0
 OREGON 4.1 8.4
 PENNSYLVANIA 3.9 8.1
 RHODE ISLAND 4.7 9.6
 SOUTH CAROLINA 4.2 8.7
 SOUTH DAKOTA 2.1 4.4
 TENNESSEE 3.8 7.7
 TEXAS 3.1 6.4
 UTAH 2.5 5.2
 VERMONT 2.1 4.4
 VIRGINIA 2.7 5.6
 WASHINGTON 3.7 7.5
 WEST VIRGINIA 3.6 7.3
 WISCONSIN 3.5 7.2
 WYOMING 2.4 4.9

U.S. Unemployment Data Range: February 2013

Next Release: April 29, 2013 - March 2013 Regional and State Unemployment.

Unemployment Statistics Source: U.S. Bureau of Labor Statistics, Unemployment Rates for States Monthly Rankings Seasonally Adjusted Feb. 2013 & Labor Force Statistics from the Current Population Survey.