Based on our Burning Glass feed, there are over 2,200 companies that have more than 20 open tech job postings right now.
Companies like Amazon, Microsoft and J.P. Morgan Chase have over 1,000 active tech jobs posted today.
The SIA is forecasting year-over-year market growth of 7%, which would get the market back to 98% of 2019 IT staffing revenue levels, representing an almost complete rebound.
As I mentioned last quarter, a report released by Microsoft in July predicts that the worldwide digital jobs will grow from 41 million in 2020 to 190 million in 2025.
Of the 149 million new digital jobs to be created, 98 million are forecast to be in software development.
For the third quarter, we reported total revenues of $33.3 million, which was down 2% from the second quarter and 11% year-over-year.
Dice revenue was $19.8 million in the third quarter, down 3% sequentially and 13% year-over-year.
We ended the third quarter with 5,300 Dice recruitment package customers, which is down 3% sequentially and 13% year-over-year.
Our average monthly revenue per Dice recruitment package customer was down 1% versus the year ago quarter to $1,122 or $13,464 on an annual basis.
Over 90% of our Dice revenue is recurring and comes from recruitment package customers.
Our Dice customer renewal rate was 63% for the third quarter, up from 57% last quarter, but down three percentage points year-over-year.
Our Dice revenue renewal rate was 66%, up five percentage points from last quarter, but down 10 percentage points when compared to the same period last year.
Currently, approximately 13% of our customers generate 50% of our recruitment package revenue, though no one customer makes up 1% of revenue.
ClearanceJobs third quarter revenue was $7.3 million, an increase of 3% sequentially and 16% year-over-year.
Third quarter revenue for eFinancialCareers was $6.1 million, which was down 1% sequentially and down 25% year-over-year when excluding the impact of foreign exchange rates.
Third quarter operating expenses were $61.8 million, which includes non-cash impairment charges of both the Dice trade name of $8 million and goodwill of $23.6 million, both of which I will address in a moment.
Excluding the impairment charges, operating expenses were $30.2 million, representing a decrease of $1.7 million or 5% year-over-year.
Income tax benefit for the third quarter was $1.5 million, resulting in an effective tax rate of 5%, which includes the impact of the non-cash impairment charges.
This rate is lower than our expected statutory rate of 25% due to nondeductible impairment charges and the allocation of loss between jurisdictions.
As I mentioned, during the third quarter, we recorded a non-cash impairment charges related to the Dice trade name of $8 million and goodwill of $23.6 million.
The $23.6 million goodwill impairment is the result of the impact of the pandemic and the expectation that a broader recovery will extend into 2021, whereas previously we expected the recovery toward the end of 2020.
Including these non-cash impairment charges, we recorded a net loss for the third quarter of $27.3 million, a loss of $0.57 per diluted share, compared to net income of $4.4 million or $0.08 per diluted share a year ago.
This quarter's net loss was negatively impacted by $29.3 million of charges substantially from the non-cash impairments of goodwill and intangible assets.
Last year's net income was positively impacted by $500,000 from discrete tax items.
Adjusted diluted earnings per share for the quarter was $0.04 versus $0.07 last year.
Adjusted EBITDA for the third quarter was $7.6 million, a margin of 23%, which was consistent with the second quarter of this year and the third quarter of last year.
As we stated on our last call, our goal is to manage the business to approximately 20% adjusted EBITDA margins.
We generated $4.4 million of operating cash flow in the third quarter, compared to $4.6 million in the prior year quarter.
From a liquidity perspective, at the end of the quarter, our total debt was $37 million.
We had $26.8 million of cash resulting in net debt of $10.2 million.
Deferred revenue at the end of the quarter was $41.9 million, compared to $47.2 million in the second quarter and $51.1 million in the year ago quarter.
When we add the unbilled portion of our contracts to deferred revenue, our committed contract backlog at the end of the quarter was down 12% from the end of the third quarter last year.
During the quarter, we repurchased approximately 349,000 shares for $854,000 or $2.45 per share.
In total, we have used approximately $1.4 million of the current $5 million buyback program which runs through May of 2021.
While not providing specific guidance, we continue to manage the business to margins in the 20% range.

Summary:
For the third quarter, we reported total revenues of $33.3 million, which was down 2% from the second quarter and 11% year-over-year.
Including these non-cash impairment charges, we recorded a net loss for the third quarter of $27.3 million, a loss of $0.57 per diluted share, compared to net income of $4.4 million or $0.08 per diluted share a year ago.
Adjusted diluted earnings per share for the quarter was $0.04 versus $0.07 last year.