Saturday, September 26, 2009
U.S. high-technology job losses are slowing. But on the other hand, U.S. manufacturing jobs are falling at an alarming rate.
Based on U.S. Bureau of Labor data, TechAmerica Foundation said that the U.S. high-techology industry shed 115,000 jobs between January and June of 2009, a 1.9 percent decline. The report looks at four sectors: high-tech manufacturing, communications services, software services, and engineering and techical services.
From June 2008 -- when the financial crisis and economic downturn were gaining momentum -- through June 2009, the high-technology sector lost 224,100 jobs, a 3.7 percent workforce decline, according to TechAmerica. Over the same time period the U.S. private sector shed jobs at a higher pace at 5.1 percent.
For the six months between January and June, the losses were the greatest for U.S. high-tech manufacturing employment. Technology manufacturers shed 69,500 net jobs in the first half of 2009, a 5.6 percent loss, leaving a total of 1.2 million tech manufacturing jobs in June. This represented 11.6 percent of total U.S. manufacturing jobs lost over that time period.
Total U.S. high-tech services employment was also down over the previous six months, but not as severely as manufacturing. Technology service providers shed 45,500 net jobs
from January to June of 2009, a one percent drop for a total of 4.6 million jobs. The breakdown was: engineering and tech services (minus 21,500), communications services (minus
13,600), and software services .
While high-tech employment declined by 1.9 percent from January to June 2009, private sector employment held steady with 0.2 percent growth
By: DocMemory
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