IT employment was essentially flat in June when compared to May, falling by only 0.03%, the TechServe Alliance reported.

“After the better part of a year losing more than 10,000 jobs a month, IT employment has stabilized the last two months, coming in essentially flat in June,” TechServe Alliance CEO Mark Roberts said in a press release.

June’s month-over-month decline represents a decrease of just 1,500 jobs.

“As I have noted before, the drop through much of 2022 and the beginning of 2023 reflected both a correction of the overhiring by some sectors and employers being generally more cautious amid economic uncertainty,” Roberts said.

IT employment also remains tight even though overall IT employment hasn’t yet returned to a growth trajectory. “After rising to 2.7% in Q1, the IT unemployment rate dropped to 2.4% in Q2 — well below the unemployment rate of 3.6% of the overall workforce and what is deemed full employment,” Roberts said. “While the data may appear to be sending mixed messages, the bottom line is it remains a sellers’ market in high-demand IT skill sets.”

In addition, data analyzed by the TechServe Alliance showed that tech jobs were down by 2.25% in June when measured on a year-over-year basis.

The organization also tracks engineering employment. Engineering jobs were up 0.17% in June compared to May and up 2.73% when compared to a year ago.

The TechServe Alliance is a trade association representing the technology staffing and solutions industry.