Tuesday, December 27, 2011

Tech sector finds mixed bag in Phoenix, U.S. firms cut payroll - Phoenix Business Journal:

chauezhelolocu1622.blogspot.com
A study released Monday by Challenger, Gray Christmas found that tech industrgy layoffs in the second quarter amountedto 33,89q1 in the U.S., a 60 percent drop from the first The study also found the second-quarter job cuts were about equal to the second quarted of 2008, before the worsg of the financial crisis rocked the economy. The local technology sector has been up and depending onthe industry, according to Arizonsa Workforce, a research publicationb by the Arizona Department of Commerce. Computerr and electronic parts manufacturers droppedabout 1,200 jobs from May 2008 to but aerospace manufacturers added about 500.
Also down was which shed about 1,600 jobs in the Phoenixc area from May 2008to 2009, and scientific and technical which lost nearly 10 percenyt of the sector’s May 2008 work forcse of roughly 101,000 in the past year. At the same time, the reportf shows that losses from April to May were much smallet or flat in most ofthose sectors. “Ths downturn in the economy has affected each sector ofthe high-tech industru differently,” said Jim Garnett, executivr director for TechAmerica in Phoenix. “In a receng ranking by the Bureau ofLaborr Statistics, while Arizona’s manufacturing employment is down over the year by 5.
1 the state had one of the smallest percentaged losses compared to all states. From Aprio to May, computer and electronic partas lost 200 jobs while aerospacee gained300 jobs,” he said. Althoughj the rate of layoffse appears tobe slowing, the U.S. tech industryg lost 118,108 jobs in the first six monthszof 2009, the largest decline in the past seven years.

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