PetSmart acquired Pet360 for $130 million in cash and up to $30 million more in future performance-based payments.
A Janco report shows a 1.68% increase in hires.
The information technology sector added 10,000 more jobs again in May, continuing a trend of slow but steady improvement since January, according to Janco Associates Inc., a management consulting firm that focuses on information technology.
Janco analyzed data from the Bureau of Labor & Statistics and concluded that 10,000 I.T.-related jobs were added last month, which comprised 18.5% of total job growth across all sectors. So far in 2011, 45,800 new I.T. positions have been filled.
The largest gain in May was in I.T. support functions, which tend to be lower paying jobs than others in the industry. Janco attributes this particular boost to companies beginning to rehire for staff positions that were the first to be cut during the recession.
“There definitely are some positive signs in the I.T. employment market,” says Janco CEO Victor Janulaitis. “Companies are starting to fill positions that are open in support functions and where there are critical needs.”
On the other hand, the job market in telecommunications, data processing and hosting worsened in May, as the telecommunications sector lost 4,300 jobs in data processing and hosting added just 1,200. Janco expects positive job growth in these sectors by the first quarter of 2012.
“The flood gates have not yet been opened for general hiring as CIOs are still being cautious in keeping costs down while trying to improve overall service levels,” Janulaitis says.