More IT jobs being created?

George O'Connor from Panmure Gordon reported the following in a recent morning update:

Computer People’s (part of Adecco) job creation index shows that permanent and contract IT roles last month rose 94% from the same time last year, suggesting that the jobs sector has so far escaped the ill-effects of the credit crunch. Of course it could also suggest, and our conversations show some evidence that contractors have been moving into permanent roles concerned about the fragility of the market outlook. According to the agency, which supplies IT workers to the likes of TNS and Ericsson (it warned yesterday citing slowing growth), 581 new IT jobs were created in February 2008, compared to 300 in February 2007. Says Computer People “we have already seen that many businesses are focusing on IT as they endeavour to improve efficiencies in the wake of the credit crunch”.