U.S. tech job losses slow in 2003

[Renew Deal]

http://www.infoworld.com/article/03/11/19/HNjoblosses_1.html

Annual study shows employment increased in research and development in 2002

By Gillian Law, IDG News Service November 19, 2003

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.

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.

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.

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.

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http://www.infoworld.com/article/03/11/19/HNjoblosses_1.html

[mhr]

1. Good News? Still Does Not Help The Jobless!

The job losses have been so massive that it will take years to recover.

After working hard to get a college education and enter the professional job ranks, a service job at Wal-Mart does not cut the mustard.

[Maine-i-acs]

2. they're running out of people to lay off, outsource, and fire.

So the "rate of decline" or sheer # of lost jobs slows as the people with high-paying jobs gradually get forced into pimping cleap chinese plastic at Walmart.