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Friday, April 3, 2009
Job Losses in Technology Better than Most
Although the technology industry has lost jobs amidst the current economic recession, the losses haven't been as bad as those seen in some other industries.
TechAmerica recently released its 12th annual Cyberstates report, which showed a .6 percent decrease in Q4 2008 technology employment, compared to a 1.3 percent decline in all private sector jobs, according to an article by InformationWeek.
During the last four years, the high-tech industry has created 382,900 jobs, with 77,000 of those jobs created in 2008. That's only a slight decrease from the 79,600 jobs created in 2007 and the 139,000 jobs created in 2006. The industry currently has 5.9 million workers in the United States.
Last year marked the fifth consecutive year of gains in software services and engineering and tech services, the industry's two strongest sectors. Software services created 86,200 new jobs last year, while engineering and tech services gained 26,600 new jobs.
"The U.S. high-tech industry continued to add jobs in 2008; however, future growth is clearly jeopardized as a result of the current economic downturn and the volatility of global financial markets," TechAmerica CEO Christopher Hansen said in the article.
"While we suffered losses in the fourth quarter, our industry has weathered the storm better than most, and the results of our report indicate that the tech industry is well positioned to help lead America's economic recovery," Hansen continued.
However, some sectors did lose jobs. The semiconductor industry lost 10,900 jobs last year, while communications services lost 12,700 positions.
The report showed that 39 states experienced net tech job growth in 2007, with the greatest gains in Texas at 14,700job, Georgia at 13,100 jobs, Washington at 11,300 jobs, North Carolina at 5,500 jobs and Virginia at 5,300 jobs. Virginia also had the highest concentration of tech workers for the fourth year in a row. For every 1,000 private sector employees in that state, 92 of them work in the tech industry.
In 2007, California ranked highest for the number of tech jobs, with 942,700. Texas had 474,100, while New York counted 304,200. Florida ranked fourth, with 280,300 tech jobs and Virginia had 276,100 tech jobs.
TechAmerica recently released its 12th annual Cyberstates report, which showed a .6 percent decrease in Q4 2008 technology employment, compared to a 1.3 percent decline in all private sector jobs, according to an article by InformationWeek.
During the last four years, the high-tech industry has created 382,900 jobs, with 77,000 of those jobs created in 2008. That's only a slight decrease from the 79,600 jobs created in 2007 and the 139,000 jobs created in 2006. The industry currently has 5.9 million workers in the United States.
Last year marked the fifth consecutive year of gains in software services and engineering and tech services, the industry's two strongest sectors. Software services created 86,200 new jobs last year, while engineering and tech services gained 26,600 new jobs.
"The U.S. high-tech industry continued to add jobs in 2008; however, future growth is clearly jeopardized as a result of the current economic downturn and the volatility of global financial markets," TechAmerica CEO Christopher Hansen said in the article.
"While we suffered losses in the fourth quarter, our industry has weathered the storm better than most, and the results of our report indicate that the tech industry is well positioned to help lead America's economic recovery," Hansen continued.
However, some sectors did lose jobs. The semiconductor industry lost 10,900 jobs last year, while communications services lost 12,700 positions.
The report showed that 39 states experienced net tech job growth in 2007, with the greatest gains in Texas at 14,700job, Georgia at 13,100 jobs, Washington at 11,300 jobs, North Carolina at 5,500 jobs and Virginia at 5,300 jobs. Virginia also had the highest concentration of tech workers for the fourth year in a row. For every 1,000 private sector employees in that state, 92 of them work in the tech industry.
In 2007, California ranked highest for the number of tech jobs, with 942,700. Texas had 474,100, while New York counted 304,200. Florida ranked fourth, with 280,300 tech jobs and Virginia had 276,100 tech jobs.
Labels: Jobs
posted by Jen Carpenter # 10:29 AM 
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