Tech Jobs Rebounding, Moody's Analytics Says

Tech jobs are coming back after hitting bottom early this year, according to economy tracker Moody's Analytics.  The U.S. economy has added 47,000 technology jobs so far this year amid resurgent demand for tech products in Asia and Latin America.  That represents 15 percent growth in tech jobs, compared with an 11 percent jobs growth in the economy overall since the beginning of the year, according to Moody's. Since a peak at the end of 2007, the tech industry had lost 307,000 jobs nationally in the economic downturn.

"It seems like this industry is embarking on a new growth spurt," says Sophia Koropeckyj, a managing director for Moody's Analytics. "Tech jobs seem to be accelerating." 

In some technology industries, salaries are starting to inch back up again.  Information, media, and telecommunications professionals have seen their wages rally slightly this year, according to survey data from PayScale, which tracks global compensation. In 2009, high-tech salaries nationwide slipped 0.8 percent, which was less than the decline in the private sector overall, where the average salary dropped 1.4 percent, according to the TechAmerica report.

"The gap has widened. It's significant," says Josh James, vice president of research and industry analysis at TechAmerica. "Especially in hard times, companies are trying to cut costs, and one way to do that is to implement technology solutions."

Read more  

• Contact Us
• Request Information
• Join Our Mailing List
• Print This Page
• E-mail to a Friend