Pasadena, CA -- (SBWIRE) -- 10/29/2010 -- The entire Bay Area region is unlikely to see a major jobs recovery as the local economy still has not recovered to its 2007 levels.

Jon Haveman of Beacon Economics made these comments while addressing the Association of Bay Area Governments during its annual meeting. Haveman believes the economic growth will be uneven in the Bay Area. The area still has not recovered from its peak in February 2008, after which the workforce has declined by 9.3 percent.

Haveman predicts that the job market will not completely rebound till the final quarter of 2015.

The main reason of hiring in the IT industry has not picked up pace according to most experts is that companies are spending money on upgrading and replacing their equipment. A result of this trend is that when companies do need people for their projects, they are increasingly using online outsourcing companies.

But CEO A. Harrison Barnes of InformationTechnologyCrossing is convinced that there are still thousands of regular fulltime IT jobs available. “While outsourcing of IT work has definitively increased, IT firms still need fulltime employees to be on site to do the work.” Barnes’ firm has been able to compile a list of over 20,000 IT jobs.