High Tech Still Growing, But Barely, Report Shows

Jan. 13, 2005
By Doug Bartholomew Believe it or not, 100,000 net new jobs were created in the high-tech industry nationwide last year, according to the latest Cyberstates 2002 report from electronics industry trade group AeA. High-tech industry employment grew in ...
ByDoug Bartholomew Believe it or not, 100,000 net new jobs were created in the high-tech industry nationwide last year, according to the latest Cyberstates 2002 report from electronics industry trade group AeA. High-tech industry employment grew in the United States from 5.5 million to 5.6 million. The 1% increase contrasts with a 9% growth rate in 2000, reports the AeA, which is headquartered in Santa Clara, Calif. California, which has the most high-tech workers, one million, gained just 12,400 jobs. The meager increase came as no surprise to anyone, since Silicon Valley was one of the regions hardest hit by the downturn. California high-tech manufacturing also was down, which was reflected in the state's drop in high-tech exports, from $44.5 billion in 2000 to $17 billion last year, a decline of 62%. "California's manufacturing sector experienced significant job losses last year," says Joseph Lazzara, president and CEO of Scientific Technologies Inc., Fremont, Calif., and co-chair of AeA's Bay Area Council. "This slowdown is largely due to the drop in California's technology manufacturing employment."

Popular Sponsored Recommendations

Four Common OT Cybersecurity Pitfalls for Manufacturers

April 4, 2023
For the last six years, Dragos has leveraged their Professional Services team to develop an on-the-ground understanding of the realities facing the industrial community and to...

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Voice your opinion!

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