August 31, 2005 (The Editor’s Desk is updated each business day.)
High-technology employment
Employment in high-tech industries increased 7.5 percent over the
1992-2002 period, compared with 19.7 percent for the economy as a whole.
Projections for 2002-12 show high-tech continuing to grow more slowly than
employment overall—11.4 percent compared with 16.5 percent.
[Chart data—TXT]
During the period 1992-2002, high-tech industry employment declined from
12.2 percent to 11 percent of the total. By 2012, high-tech industries are
projected to add 1.6 million jobs and account for 10.5 percent of total
employment. Most of the projected growth is in eight service-providing
industries, including five computer and related industries.
In this analysis, an industry is considered high tech if employment in
technology-oriented occupations accounted for a proportion of that
industry’s total employment that was at least twice the 4.9-percent
average for all industries.
These data are from the BLS Employment Projections program. To learn more, see
"High-technology employment: a
NAICS-based update" by Daniel E. Hecker, Monthly Labor Review, July 2005.
Of interest
Spotlight on Statistics: National Hispanic Heritage Month
In this Spotlight, we take a look at the Hispanic labor force—including labor force participation, employment and unemployment, educational attainment, geographic location, country of birth, earnings, consumer expenditures, time use, workplace injuries, and employment projections.
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