The tech unemployment rate in the US has remained at 3% over the past three months. Although data from Burning-Glass.com shows a slight improvement in November vs. October, one needs to wait for more data to call this a trend reversal.
US elections have had no impact on IT demand or employment and IT employment data in the US has remained nearly unchanged post elections during the past three election years. The near term demand is expected to be largely influenced by company/client specific factors.
Higher payout is a key for re-rating and valuations of IT firms have de-rated significantly over past six months. Given lack of material acceleration in revenue growth over FY17-19ii, a higher dividend payout as the key to re-rating is expected.