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October 26, 2012

TechAmerica Foundation's Latest Report Reveals Job Growth for High-Tech Markets

The TechAmerica Foundation, a not-for-profit, non-partisan affiliate of TechAmerica, is an association representing all segments of the high-tech industry. Its purpose is to address the public about the tech industry’s impact on the economy.

Topics the Foundation covers include competitiveness in the global economy and technological innovation in the digital economy. They also promote technology-led ideas and promote economic growth.

Other issues revealed in their regular reports (in the Competitiveness Series), address IT forecasts and technology employment.

The latest TechAmerica Foundation’s job report showed the U.S. high-tech industry added nearly 100,000 jobs in the first-half of 2012 (January to June). It confirmed a 1.7-percent gain across multiple technology sectors: Both tech manufacturing and total technology employment services had shown a modest growth.

The report, released this month, showed two of the three tech services sectors added jobs: The software services, engineering and tech services have seen growth for the first six months: 50,800 and 49,900, respectively.

Communications services, on the other hand, experienced a decline – a net loss of 10,700 jobs – said to be the result of changing market conditions for the wired telecommunications industry.

The report illustrates with charts and graphs and describes with employment statistics how the U.S. tech industry saw monthly job gains. Based on careful analysis and data, Matthew Kazmierczak, senior vice president of TechAmerica Foundation, said new tech innovations are helping to propel the tech industry forward.

Those interested in seeing more of the high-tech industry data analysis of employment data through June 2012 can visit the TechAmerica Foundation website and search for the Competitiveness Series report: Volume 39, October 2012 release.

The piece is free to download.

Another important read for those in the IT field may be TechAmerica Foundation’s opinions and outlook on cloud computing, and how cloud-based communications adds new opportunities and job growth through widespread cloud adoption.  

Edited by Braden Becker

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