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Wages for technology professionals fell year-over-year in the first quarter, according to the Yoh index of technology wages released today.
Tech wage growth reached a first-quarter low in February, falling 2.7% year-over-year, according to the index.
"The drop in wages this quarter, coupled with April's negative Bureau of Labor Statistics report on employment, paints a very lackluster picture of the economy," said Jim Lanzalotto, VP of strategy and marketing at Yoh, a Philadelphia-based staffing firm. "However, this continues to be a skill-driven market and we're still seeing pockets of strength in the tech sector, such as SAP, Oracle, security, and product development, and software and hardware engineers."
The index of technology wages is based on data put together by Yoh's 75 U.S. field offices.