Pace University, IBM Pursue IT Labor Market Project

• By Paul McCloskey
• 06/19/07

IBM Corp. awarded Pace University's Susan Merritt, dean of its Seidenberg School of Computer Science, the IBM Faculty Award. The award was made in part to expand a project between Pace and SkillProof Inc., a job market research firm, to create an index of demand for information technology specialists in New York City and Westchester County, NY.

The index, called the Pace/Skillproof IT Job Index, or PSII, tracks and weights actual on-line job postings of firms.

PSII was developed by Farrokh Hormozi, a professor of economics and public administration at Pace. It is based on labor market data provided by SkillProof and is available to students, educators, and human resources executives.

IBM said it would add technology support for the project. IBM wants to explore the use of deep Web mining and Natural Language Processing (NLP) in labor market research.

Pace University and SkillProof have been partnering to develop regional labor market statistics for nearly two years. The index "helps students target their career training … and helps human resources officers …  anticipate areas where high demand will raise salaries," said Merritt, who oversaw development of the index.

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