Sunday, July 12, 2009

How many jobs were created, then lost b/c of Tech Bubble?

There is little comforting news in a new statistical report for workers in the U.S. information and communication technologies (ICT) sector. Researchers from the University of Illinois-Chicago found the sector lost 403,300 jobs between March 2001 and April 2004.





A staggering 200,000 of the high-wage jobs were lost since the recession was officially declared over in November 2001, making the notion of a jobless recovery a significant understatement for the sector.





[I might add that all these jobs have come back and more, but in different sectors of the economy.]

dogwood

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