Rate of Tech Job Growth in California to Outpace All Industries: Report
Change in California's employment rate is hard to find, but one study found a bright spot for technology-related jobs over the next two years. But will it be enough?With an unemployment rate over 12 percent, the Golden State's economy is more rust than shine in 2010. Overall, California lost 1.3 million jobs during the recession, with layoffs in many industries still expected. Jobs in technology over the last two years have been hit hard across the board, but especially in manufacturing and the semiconductor industry. Despite a rough few years, new data suggests California technology jobs are going to see some recovery, albeit on the small side of the equation.
The majority of industries in California are expected to grow 3.8 percent over the next two years, Yet, jobs in information, communications and technology (ICT) are going to grow 7 percent over that time period-about 46,000 new or replacement jobs-according to an August study of California's job situation by BW Research and California Community Colleges Economic and Workforce Development Centers of Excellence and the Mid-Pacific ICT Center.
who are looking to develop skills that will be employable in the near future," said Williams. Economists at UCLA do not expect much movement in the state's economy and job rate until mid-2011. "All the evidence suggests that California is ever so slowly coming out of the recession," wrote Jerry Nickelsburg, senior economist with UCLA's Anderson School of Business, in a Sept. 15 forecast statement. "But, slow growth means that while the groundwork for faster growth is being put down, there is not a lot of perceptible change."