U.S. tech job losses slow in 2003
from
Infoworld
bq. Although job losses continue to hit the U.S. technology sector, the rate of the employment decline is slowing, the American Electronics Association (AEA) said Wednesday.
bq. Cyberstates 2003, an annual study by the AEA, showed that employment in the U.S. high-tech industry dropped 8 percent last year, to 6 million, from 6.5 million in 2001. In 2003, the loss is likely to be 234,000, or a 4 percent decline, Santa Clara, California-based association said.
bq. Electronics manufacturing saw the biggest fall in 2002, accounting for more than half of all technology jobs lost. The software industry saw a loss of 150,000 jobs, the first loss in the seven years that AEA has been publishing its Cyberstates report, it said.
bq. The only areas with good news to report was in research and development and testing laboratories, where employment increased by 7,000 jobs in 2002, AEA said.
And of course manufacturing is going to be the slowest recovery since that is the job that is going overseas.
Posted by DaveH at November 19, 2003 12:20 PM