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US high-tech job growth slowing: AeA
The high-technology sector in the United States added 78,300 jobs between January and July, fewer than during the same period last year and the pace of growth is slowing, an industry group reported Wednesday.
"This is the fourth straight year that the US tech industry is adding jobs," said Christopher Hansen, president of the AeA, the largest US technology trade association.
"But the pace of growth is slowing, and given the economic downturn and current disruption in the financial markets, future job growth will be, at best, uncertain," he said in a statement.
The AeA, citing US Bureau of Labor Statistics, said the 78,300 jobs added between January and July was sharply lower than the 111,400 tech jobs added during the same period in 2007.
It said the 1.3 percent rise in the number of high-tech jobs between January and July lagged behind job growth in the US private sector, which rose by 2.0 percent over the same period.
The AeA looked at jobs creation in four sectors: high-tech manufacturing, communications services, software services and engineering and tech services.
It said high-tech manufacturers and communications services both shed jobs from January to July, 11,500 jobs and 2,500 jobs respectively.
Software services added 42,300 jobs while engineering and tech services, added 50,000 jobs.
© 2008 AFP
"But the pace of growth is slowing, and given the economic downturn and current disruption in the financial markets, future job growth will be, at best, uncertain," he said in a statement.
The AeA, citing US Bureau of Labor Statistics, said the 78,300 jobs added between January and July was sharply lower than the 111,400 tech jobs added during the same period in 2007.
It said the 1.3 percent rise in the number of high-tech jobs between January and July lagged behind job growth in the US private sector, which rose by 2.0 percent over the same period.
The AeA looked at jobs creation in four sectors: high-tech manufacturing, communications services, software services and engineering and tech services.
It said high-tech manufacturers and communications services both shed jobs from January to July, 11,500 jobs and 2,500 jobs respectively.
Software services added 42,300 jobs while engineering and tech services, added 50,000 jobs.
© 2008 AFP
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