IT Economics News Still Bad — sorry!

The information economy still is struggling in the United States.      Telecommunications continue to slash jobs with the labor pool at 927,700 workers, down 1,700 in May and down 49,200 since May 2009. Data processing and hosting companies handed out 2,500 pink slips.

The information sector includes publishing, movies, broadcasting, telecommunications, and data processing and hosting companies has struggled for the past decade.  This sector has lost nearly 844,000 jobs since it peak in 2001 or about 25 percent of the once well paying jobs.

Published in: on June 8, 2010 at 21:03  Leave a Comment