The IT industry's spin machine presents its take on IT outsourcing's impact on jobs. They certain try to divert you from paying attention to the problems, which makes them hard to read out of this summary without paying for the full study. Its also hard to say if they are factoring in increasing in outsourcing in other industries. It doesn't seem like they are, and if not that would cast a very different light on their take on overall job growth.

On the whole, they are predicting that the US Publishing, Software, and Communications industry will loose 50,000 jobs in 2008, up from 20,000 in 2003, but they are claiming that between 2003 and 2008 the total number of jobs in the Software & Services industry will increase by 182,015. This seems fishy. If net job growth is increasingly negative year over year then where are those 182 thousand jobs coming from? By contrast, the Education and Health Services industry (why are these two things clumped together?) is going to gain 1.7 million jobs in the same timeframe.

[Politech] ITAA on impact of offshore IT outsourcing on U.S. economy