High Tech & Clean Tech Job Trends
From 2000 to 2008, Silicon Valley high-tech industries lost more than 108,400 jobs (19.9% of their total workforce), and real wages went down by 13.5%. High-tech industries outside of Silicon Valley saw nearly 431,000 jobs losses but had a more modest 6.2-percent rate of decline in employment over the 2000–08 period Read more »
The Job Market is Soft But Growing
While overall employment fell in June for the first time this year (largely due to the winding down of the federal census employment), private employment (exclusive of government jobs) increased for the 6th month in a row. ADP reports the addition of an estimated 13,000 workers to private payrolls in June, indicating slower job growth than expected. The Commerce Department revised the GDP to 2.7% from 3%, however CEOs and staffing companies see hiring increased.
Staffing & Employment News
From the Redfish Technology May Newsletter.
According to Bloomberg, the growth in corporate profits is an encouraging sign for a V-shaped recovery. The economy is expected to grow at 4% this year, which is up from the 3% prediction derived from a survey of economists earlier this year. This capital will be invested in equipment and hiring according to Joseph LaVorgna, chief U.S. economist in New York at Deutsche Bank Securities Inc. Read more »