U.S. High Tech Job Losses Slow

WASHINGTON ( TheStreet) -- U.S. high-tech job losses slowed during 2010, according to report released this week by TechAmerica Foundation, with software the healthiest part of the tech sector.

Ahead of Friday's monthly jobs report from the Department of Labor, industry group TechAmerica reported that the U.S. tech industry lost 115,800 net jobs in 2010. This 2% decline, however, was less than half the 249,500 jobs shed during the prior year.
U.S. high-tech job losses slowed in 2010, according to TechAmerica.

The study, which is based on data from the U.S. Bureau of Labor Statistics, covers all 50 states, the District of Columbia, and Puerto Rico.

Software services was the most robust hiring sector, adding 22,800 jobs during 2010, a 1.4% increase. In stark contrast, engineering and tech services lost 12,900 jobs, a 0.8% decline, while tech manufacturing was down by 53,600 jobs, or 4.2%. Communication services was the biggest loser, shedding 72,100 jobs, a 5.5% slump from 2009.

TechAmerica found that only eight states added tech jobs last year, led by Michigan, and the District of Columbia, which gained 2,700 jobs and 1,400 jobs, respectively.

With fears of a recession easing, though, TechAmerica noted that tech has suffered less during the downturn than other parts of the economy.

"Tech jobs were down in 2010, trending with the rest of the economy, but we have fared better then the private sector as a whole over the course of the economic downturn," explained TechAmerica CEO Phillip Bond in a statement. "And there are some positive signs for 2011."

Another jobs report released by TechAmerica this week showed that between January and June 2011 the U.S. tech industry added 115,000 jobs, a 2% gain, not adjusted for seasonality. The study, which is based on different sets of data from U.S. Bureau of Labor Statistics, revealed that the fastest growth was in engineering and tech services, although all four sectors within tech added jobs.

--Written by James Rogers in New York.

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