U.S. Shed 560,000 High-Tech Jobs

Jan. 13, 2005
By Agence France-Presse The number of high-tech jobs in the United States shrank by 560,000, or nearly 10%, from January 2001 to December 2002, according to an American Electronics Association (AeA) report released March 19. The AeA, using data from ...
By Agence France-Presse The number of high-tech jobs in the United States shrank by 560,000, or nearly 10%, from January 2001 to December 2002, according to an American Electronics Association (AeA) report released March 19. The AeA, using data from government statistics, said high-technology industries reduced the number of employees from 5.7 million in January 2001 to 5.1 million in December 2002. The AeA said high-tech manufacturing employment shrank by 415,000 jobs, a 20% drop, while the communications services industry saw a 9% decline, or 135,000 jobs lost in the period. The report also revealed that high tech, which had been the largest manufacturing sector in the United States, had now slipped behind food products and transportation equipment manufacturing in terms of employment. "On the positive side, software services actually increased by 5,300 jobs," says Archey. "This is consistent with the fact that many of the innovations in the high-tech industry are driven by software." Copyright Agence France-Presse, 2003

Popular Sponsored Recommendations

The Year of Results: Four Expectations for 2024 Manufacturing

Feb. 1, 2024
In 2024 manufacturers will need to focus on results, from achieving operational excellence to enhancing digital transformation, to navigating compliance. Stay ahead with crucial...

Top 3 Ways AI is Transforming Manufacturing Operations

Feb. 17, 2024
Unlock the power of Industry 4.0 with AI and IoT. Explore how real-time data and automation are reshaping manufacturing, driving efficiency and quality to new heights. Dive into...

Get ready for CLOUD 9: Nine reasons to move to the Microsoft Cloud

Jan. 24, 2024
With pioneering AI (Copilot, built on OpenAI) and best-in-class low code development tools (Power Platform), the Microsoft Cloud has no equal. Learn a whole lot more in in “Moving...

From Data to Action: Enabling the Connected Enterprise with a Digital Thread

Feb. 8, 2024
Manufacturers are transforming the enterprise with cloud technologies and IoT

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!