MESSAGE
| DATE | 2004-09-27 |
| FROM | Adam Kosmin
|
| SUBJECT | Re: [hangout] High-tech job market lost 400,000 jobs
|
Good to know my situation is helping to populate someone's charts and
graphs :)
Adam
"
" High-tech job market lost 400,000 jobs
"
"
"
"
" Wednesday, September 15, 2004 Posted: 11:29 AM EDT (1529 GMT)
"
"
" http://www.cnn.com/2004/TECH/biztech/09/15/techjobslump.ap/index.html
"
"
" SEATTLE, Washington (AP) -- The U.S. information tech sector lost 403,300
" jobs between March 2001 and this past April, and the market for tech workers
" remains bleak, according to a new report.
"
" Perhaps more surprising, just over half of those jobs -- 206,300 -- were
" lost after experts declared the recession over in November 2001, say the
" researchers from the University of Illinois-Chicago.
"
" In all, the researchers said, the job market for high-tech workers shrank by
" 18.8 percent, to 1,743,500 over the period studied.
"
" According to the study, the job losses were especially pronounced in San
" Francisco, which saw high-tech employment shrink by 49 percent between March
" 2001 and April 2004. Boston also suffered disproportionately, with the
" number of high-tech jobs falling by 34.1 percent.
"
" Researchers Singh Srivastava and Nik Theodore compiled the numbers using the
" Current Employment Statistics survey and the Current Population Survey.
"
" The report, funded by the Ford Foundation, was conducted for the Washington
" Alliance of Technology Workers, a Seattle organization that wants to
" unionize workers at Microsoft Corp. and other technology companies.
"
" Theodore, director of the university's Center for Urban Economic
" Development, said one factor in the staggering high-tech job losses is the
" familiar lament that businesses have been wary to hire because of
" uncertainty over how much the economy is improving.
"
" But he also attributes some of the job losses to corporations farming
" high-tech jobs out to overseas companies whose labor is cheaper.
"
" Theodore said the study shows that high-tech workers "are really bearing the
" brunt of economic restructuring strategies." It also shows that the end of
" the recession did not signal the end of high-tech job woes, he said.
"
" "Not only has it not turned around, in many cases it has gotten worse," said
" Theodore.
"
" However, Sung Won Sohn, chief economist at Wells Fargo Bank, says he has
" seen some evidence that the high-tech job market began improving in the
" months after this study was completed.
"
" Overall, Sohn thinks the industry will rebound although the new jobs created
" might require different skills. That still leaves high-tech workers in
" better shape than other industries, he said.
"
" "I view the setbacks in tech as temporary," he said, "whereas if you're
" talking about old-style manufacturing, those jobs are gone forever."
"
" Marcus Courtney, head of the Washington Alliance of Technology Workers, said
" the tight job market, combined with growing fears that existing jobs will be
" lost to outsourcing, has increased interest in unionizing from workers at
" companies including Sun Microsystems, Apple Computer Inc. and Microsoft.
"
" "We are really starting to see the beginnings of a high-tech labor movement
" in this country," he said
"
" The Seattle metropolitan area lost 10.8 percent of its high-tech jobs during
" the period, faring better than some other regions.
"
" The employment picture has become a hot-button issue in the U.S.
" presidential race. Though the overall U.S. economy added 144,000 jobs in
" August, it still has lost 913,000 positions since President Bush took
" office.
"
" When the August jobs numbers were released earlier this month, Bush said the
" figures offered proof that the economy was getting stronger. But Sen. John
" Kerry's campaign argued that job growth should be faster.
"
"
"
"
"
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--
Adam Kosmin, RHCE, LPIC
http://windowsrefund.net
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