Tech industry sheds fewer jobs in 2004
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But mergers and outsourcing will keep tech job security in flux, according to report.
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U.S. stocks fell on Thursday, led lower by technology shares, as investors turned skittish about Friday's jobs report and the economy's prospects.
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Nearly half of those jobs disappeared after the recession's official end, with San Francisco and Boston being hit the hardest.
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The frenzied rhetoric about technology jobs going overseas has quieted in recent months. While doomsday predictions for the domestic tech industry have subsided, there's clearly a trend toward exporting some jobs.  -Leslie Walker
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Factory production shrank in December  for the first time in nearly a year as tighter lending  conditions and a slowing economy took their toll, according to  a national survey published on Wednesday.
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THE global semiconductor business slumped during the second half of the year - although overall 2004 brought a 23% increase in revenue in the industry amounting to $218bn (Â£112bn), according to analysts at researchers Gartner Dataquest yesterday.
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The number of information technology jobs in the United States have continued to fall since the end of the 2001 recession, driven mostly by outsourcing to low-wage countries
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Investor's Business Daily - U.S. corporations announced plans to cut 74,986 jobs, up from Dec's 44,416 and 19% above a year ago, according to outplacement firm Challenger, Gray & Christmas. Financial firms slashed 15,789 jobs and drug makers planned to ax 7,628 positions. Job cuts remain below levels of the '01 recession, Challenger said.
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The U.S. information tech sector lost 403,300 jobs between March 2001 and April 2004, and the market for tech workers remains bleak, according to a new report.
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US employers hired just 96,000 workers in September, the government said on Friday in a weak jobs snapshot, the final one ahead of presidential elections that
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The US economy added fewer jobs than expected in December,  but created more jobs in 2004 than any time since 1999.
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Applied Materials Inc., a major supplier of computer chip-making equipment, is jettisoning 1,000 jobs, a 7 percent cutback that suggests some manufacturers are hunkering down for a recession.
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The US economy added 96,000 jobs last month -- fewer than investors expected and less than the number needed to provide jobs for a growing workforce.
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THE PROBLEM? There are 371,000 fewer jobs since Bush took office in 2001.
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NEW YORK -- The US technology sector suffered another round of widespread layoffs during the third quarter, with computer firms slashing jobs most aggressively, a report said on Monday.
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The U.S. high-tech work force grew  by 2 percent last year but demand for computer programmers,  tech-support specialists and other high-tech workers continues  to erode, according to a survey released on Wednesday.
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The U.S. technology sector suffered another round of widespread layoffs during the third quarter, with computer firms slashing jobs most aggressively, a report said on Monday. -Reuters