US continues to lose IT jobs: Study
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US continues to lose IT jobs: Study

By siliconindia staff writer   |   Monday, 20 September 2004, 07:00 Hrs
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CALIF: The IT industry in the US has lost nearly 403,300 jobs from the start of the recession in March 2001 to April 2004, with nearly half of those jobs disappearing after the recession was officially declared over in November 2001, according to a new study.

The report said 200,300 IT jobs were lost after November 2001, with San Francisco Bay Area taking the largest hit in percentage terms.

IT industry employment in the San Francisco region dropped 49 per cent between March 2001 and April 2004 to 28,000.

The San Jose metropolitan region saw some of the sharpest declines in the number of IT industry jobs in the nation.

The IT industry employment fell from its peak of 92,500 in March 2001 to 61,900 in April 2004, a loss of 30,600 jobs.

The loss of jobs did not stem with the end of the recession, the region lost 14,000 jobs after the official end of the recession in November 2001.

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