Here are the Buffalo, NY Top IT News Stories of the Week (Dec. 23rd) as based on the story’s likes, shares, and interactions from our social media sites. The content provided is mainly for Buffalo-Based IT Professionals to help keep them informed as they continue to impact and grow Buffalo’s tech reputation. Lighthouse Technology Services provides IT Staffing Services and Business Tech Support for businesses in the Buffalo area.
The trend of reduced unemployment in the Buffalo metropolitan area continued in November. The jobless rate for Buffalo-Niagara Falls was at 4.9 percent compared to 5.0 a year ago, according to the New York State Department of Labor. As has been the case for several months, the figure was the lowest in nearly a decade. The workforce is also down in the past year. It was measured at 543,800 in November, down from 548,000 last year. It was also the lowest figure for that particular month since 1990. The rate was also lower in…Read More
Private investors pumped more than $110 million of growth-oriented equity capital into 16 Western New York technology companies in 2016. That’s an improvement over last year’s total – 13 companies pulling in about $90.1 million, a figure largely owing to Athenex’s $75 million raise. And it makes the $6.1 million raised by local startups in 2014 look paltry, even though that year was viewed as a significant step forward for high-tech entrepreneurs in Western New York. The funding came from all over, from local angels and venture capitalists…Read More
What’s the outlook for the tech year ahead? In general, IT executives are feeling optimistic as they head into 2017. According to the results of Computerworld‘s Tech Forecast 2017 survey, enterprises plan to continue on the path to digital transformation, deepening their commitment to big data and analytics, as well as cloud computing and software as a service (SaaS). But that doesn’t necessarily translate to greater IT spending — and may not bode well for rank-and-file tech employees. According to survey results, most companies plan…Read More
According to Dice’s semi-annual survey, hiring managers who specialize in recruiting technology professionals are somewhat more bearish on hiring candidates in 2017. Some 68 percent of those managers anticipated more hiring in the first half of 2017 compared to the second half of 2016—a very solid number, but also a 10 point drop from last year’s survey. Employers in the broader economy who recruit across industries expressed similar reservations, with 56 percent saying they planned on increased hiring over the next…Read More
The trends seen in the last half of 2016 will continue to influence the job market for technology professionals into the next year. Tech unemployment hit 2.9 percent in November, according to data from the U.S. Bureau of Labor Statistics (BLS), which suggests that the market for tech pros remains strong heading into 2017. Although many jobs will remain stable, major disruptors are poised to change the way businesses run, as well as the demand for technology professionals and the salaries they command, according to David Foote, chief analyst…Read More
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