Consulting Market Forecast to Strengthen

Kennedy's indicators are pointing to a steady, modest recovery for the global management consulting profession. Consulting revenues will continue a slow growth climb in 2004, with revenues up 3% over the previous year, yielding a market size of just under $125 billion.

If supported by an expected global recovery, particularly in the key consulting markets, the profession will register a compound annual growth rate of nearly 5% through 2006.

Bureau of Labor Statistics Forecast

According to the Bureau of Labor Statistics, the U.S. high-tech industry will have almost 4 million jobs for computer programmers, software engineers and other computer specialists in 2012. That's fewer than it once predicted, but up from 2.9 million jobs in 2002.

Bureau of Labor Statistics Forecast

According to the Bureau of Labor Statistics, the U.S. high-tech industry will have almost 4 million jobs for computer programmers, software engineers and other computer specialists in 2012. That's fewer than it once predicted, but up from 2.9 million jobs in 2002.

Bureau of Labor Statistics Forecast

According to the Bureau of Labor Statistics, the U.S. high-tech industry will have almost 4 million jobs for computer programmers, software engineers and other computer specialists in 2012. That's fewer than it once predicted, but up from 2.9 million jobs in 2002.

Headline from October 25, 2004 Computerworld

"Shortage of Computer Science Grads May Force Offshoring"

Labor Dept Report October 22, 2004

The Labor Department reported that the number of payroll jobs in computer systems design and related services increased by 6,900, from August to September, to 1.14 million. Another technology-related services category added jobs in September as well: Management and technical consulting services employment rose by 1,600 to 796,500, the Labor Department said.

The job growth comes as technology services companies have been thriving and hiring. Help-wanted ads in that corner of the tech industry are welcome developments to tech workers, who weathered massive job cuts earlier this decade and face the threat of offshoring--the transfer of high-skilled jobs to lower-wage nations such as India. A monthly survey showed increasing optimism among IT workers for several months.

More Jobs Forecast for NYC

Crain's New York Business said the city's 2004 employment rate is expected to increase for the first time since 2000, adding that two of the city's most important industries, retail and tourism, are likely to reach "near-record" levels.

That's good news for the city, which can expect an additional 50,000 jobs by the close of this year alone — and 70,000 more next year.

The city's job count will approach 3.6 million by the end of the year, and is set to close in on the city's employment high-water mark of 3.72 million during 2000, by the end of next year, the magazine said.

The city is doing even better than the rest of the country. The Big Apple's economy is adding jobs at a faster rate than the national economy. And it's doing it without the help of Wall Street.

Financial companies are employing about the same number of people they did this time last year. But things should soon get better on Wall Street.

A state Labor Department economist told Crain's that "as long as overall corporate profits and the gross domestic product continue to rise, Wall Street will eventually get more business and do more hiring."