TechAmerica Foundation released its 14th annual Cyberstates report detailing national and state trends in high-tech employment, wages, and other key economic factors. The U.S. high-tech industry lost 115,800 net jobs in 2010, for a total of 5.75 million workers. This two percent decline in tech industry employment was less than half of the 249,500 jobs lost in 2009, which followed several years of sustained growth. Over the longer term of 2007 to 2010 -- the span of the economic downturn -- the tech industry fared better than the private sector as a whole, with a four percent decline in employment versus a seven percent decline in the private sector.
TechAmerica Foundation also released a midyear jobs report for 2011 based on a different monthly data set from the U.S. Bureau of Labor Statistics. This report shows that between January and June 2011, the tech industry added a net 115,000 jobs, a two percent gain, not adjusted for seasonality. During this time period, job growth occurred in all four technology industry sectors, with the fastest growth in engineering and tech services.
Key findings include:
-- U.S. high-tech employment totaled 5.75 million in 2010.
-- Tech employment was down in 2010 by 115,800, or by 2.0 percent.
-- High-tech manufacturing employment fell by 4.2 percent, losing 53,600 jobs between 2009 and 2010.
-- All nine tech manufacturing sectors lost jobs between 2009 and 2010.
-- The communications services sector lost 72,100 jobs in 2010, or 5.5 percent.
-- The software services sector added 22,800 jobs in 2010, a 1.4 percent increase.
-- The engineering and tech services sector lost 12,900 jobs in 2010, a 0.8 percent decline.
-- The following key occupation categories: engineering managers, computer hardware engineers, database administrators, and aerospace engineers, all managed to keep unemployment below five percent.
-- The tech industry paid an annual average wage of $86,800 in 2010, 93 percent more than the average private sector wage of $45,000.
More information on the High-Tech Industry can be found at www.SupportIndustry.com