Tuesday, March 31, 2009

High-tech sector seen 'weathering' downturn

From Marketwatch, March 31, 2009...

Despite year-end weakness, the high-tech sector added about 77,000 net jobs in 2008, with most of the growth occurring in software services, according to the 12th annual report of TechAmerica, a group that represents 1,500 companies. By comparison, high-tech added 79,000 jobs in 2007, 139,000 in 2006 and 87,400 in 2005.

The biggest declines in 2008 took place in the communications services and high-tech manufacturing areas, such as semiconductor production. Those segments lost a combined 35,800 jobs, TechAmerica found, extrapolating from data compiled by the federal government.

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