Monday, February 20, 2012

U.S. Cities With the Most Tech Jobs

Tech Sector Adds 47,000 Jobs So Far in 2010


Tech jobs are making a comeback in the U.S. as global demand increases.

Tech jobs are coming back after hitting bottom early this year, according to economy tracker Moody's Analytics (MCO). The U.S. economy has added 47,000 technology jobs so far this year (it's a week into January...) amid resurgent demand for tech products in Asia and Latin America.
That represents 15 percent growth in tech jobs, compared with an 11 percent jobs growth in the economy overall since the beginning of the year, according to Moody's. Since a peak at the end of 2007, the tech industry had lost 307,000 jobs nationally in the economic downturn.

"It seems like this industry is embarking on a new growth spurt," says Sophia Koropeckyj, a managing director for Moody's Analytics. "Tech jobs seem to be accelerating."

Asia and Latin America's demand for tech products has resulted in new hiring and is one contributor to the recovery, Koropeckyj says. After slumping in the first half of 2009, global PC shipments—bread and butter of U.S. companies Hewlett-Packard (HPQ), Dell (DELL), and Apple (AAPL)—should rise 14.3 percent this year, to 352 million units, according to consultant Gartner (IT).

Sales Growth

Billions in government stimulus funds have spurred recent purchases by agencies and businesses, such as those building out broadband networks. Corporate and government information technology spending should rise 8.1 percent this year, to $758 billion, according to consultant Forrester Research (FORR). Already, networking gear maker Cisco Systems (CSCO) saw sales for its fiscal first quarter ended Oct. 30 rise 19 percent from a year earlier, to $10.75 billion.

In some technology industries, salaries are starting to inch back up again. Information, media, and telecommunications professionals have seen their wages rally slightly this year, according to survey data from PayScale, which tracks global compensation. In 2009, high-tech salaries nationwide slipped 0.8 percent, which was less than the decline in the private sector overall, where the average salary dropped 1.4 percent, according to the TechAmerica report.

"The gap has widened. It's significant," says Josh James, vice-president of research and industry analysis at TechAmerica. "Especially in hard times, companies are trying to cut costs, and one way to do that is to implement technology solutions."

2.Washington DC
3.San Jose/Silicon Valley
5.Dallas-Fort Worth
6.Los Angeles
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