Close
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Menu
Search
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home IT Management
    • IT Management
    • Networking
    • Small Business

    High-Tech Industry Added 91,400 Jobs in 2007

    By
    Deb Perelman
    -
    April 4, 2008
    Share
    Facebook
    Twitter
    Linkedin

      At a time when the high-tech industry is nervous about an anticipated downturn in consumer spending, new employment numbers stand to ease some tension.

      The U.S. high-tech industry added jobs for a third year in a row, according to a report released April 2 by the AeA, a high-tech trade association. In 2007, 91,400 jobs were added, slightly less than the gains of 139,000 in 2006 but in line with the 87,400 added in 2005.

      “The overall findings are that high-tech employment is up for the year, adding nearly 100,000 jobs. Though the growth itself is down slightly from 2006, the market is still extremely tight for those who are qualified. Companies having trouble finding qualified workers might be what is slowing down growth,” said Matthew Kazmierczak, a Washington-based AeA analyst.

      All but four “Cyberstates,” the 50 states plus Washington, D.C. and Puerto Rico, added jobs in 2006, the most recent year that the state-by-state data was available. Texas (+13,700), Virginia (+9,800), New Jersey (+8,500) and New Mexico (+6,700) led the way, with Virginia leading the nation in concentration of tech workers, 91 per 1,000 in the private sector.

      Delaware, Colorado (-900), Puerto Rico (-1,100) and Michigan (-1,500) fell behind in 2007, Colorado’s second year on the decline.

      “Michigan is having problems wrought by the downturn of the auto and engineering industry,” said Kazmierczak. “Colorado is struggling with the consolidation of the telecom industry, and that some computer manufacturing left the state. Delaware lost jobs in areas that were traditionally growth areas, such as computer systems design, and research and development facilities. Puerto Rico bounced around a little and part of it is that they’re very small. They only lost 300 jobs, but when you have 18,000, that hurts.”

      For the second year in a row, software services was the industry showing the strongest growth, adding 82,600 jobs in 2007, continuing a four-year growth run, followed by engineering and tech services, which added 45,800 jobs in 2007.

      High-tech manufacturing, however, continued to lose ground, shedding 29,800 jobs in 2007. Seven of the nine tech manufacturing sectors lost jobs in 2007, with only the defense electronics and electromedical equipment sectors adding jobs.

      The communications services also lost jobs in 2007, but at a slower pace than the year before, losing 7,200 compared to a loss of 16,900 in 2006.

      Nevertheless, AeA’s employment numbers paint a fairly upbeat picture of the high-tech job market, a sentiment echoed by experts in the space, who say they have yet to see a slowdown in hiring as a result of recession rumors.

      “We measure wages every quarter and we noticed that wages peaked in October,” Jim Lanzalotto, vice president of strategy and marketing at Yoh Services, a provider of talent and outsourcing services based in Philadelphia, told eWEEK. “They continue to grow at a year-over-year rate but the rate of increase was smaller there. The unemployment rate [in] certain IT and engineering roles is still 2 to 3 percent, very low, and well past full employment.”

      Lanzalotto added: “Right now this is a vertical, or industry-driven recession. If you’re in [the] financial services space or housing, you’ll feel a squeeze. But it hasn’t spread yet to other IT areas.”

      Avatar
      Deb Perelman

      MOST POPULAR ARTICLES

      Android

      Samsung Galaxy XCover Pro: Durability for Tough...

      Chris Preimesberger - December 5, 2020 0
      Have you ever dropped your phone, winced and felt the pain as it hit the sidewalk? Either the screen splintered like a windshield being...
      Read more
      Cloud

      Why Data Security Will Face Even Harsher...

      Chris Preimesberger - December 1, 2020 0
      Who would know more about details of the hacking process than an actual former career hacker? And who wants to understand all they can...
      Read more
      Cybersecurity

      How Veritas Is Shining a Light Into...

      eWEEK EDITORS - September 25, 2020 0
      Protecting data has always been one of the most important tasks in all of IT, yet as more companies become data companies at the...
      Read more
      Big Data and Analytics

      How NVIDIA A100 Station Brings Data Center...

      Zeus Kerravala - November 18, 2020 0
      There’s little debate that graphics processor unit manufacturer NVIDIA is the de facto standard when it comes to providing silicon to power machine learning...
      Read more
      Apple

      Why iPhone 12 Pro Makes Sense for...

      Wayne Rash - November 26, 2020 0
      If you’ve been watching the Apple commercials for the past three weeks, you already know what the company thinks will happen if you buy...
      Read more
      eWeek


      Contact Us | About | Sitemap

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Property of TechnologyAdvice.
      Terms of Service | Privacy Notice | Advertise | California - Do Not Sell My Information

      © 2021 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×