Wednesday, April 23, 2008

URGENCY FACTOR? LARGE! AND CORRESPONDINGLY SO IS THE OPPORTUNTIY!

Report: Michigan Leads Nation In Tech Job Loss

Michigan lost the largest number of tech jobs in the country in 2006, but still remained in the 10th spot having the most high-tech positions, according to a recently released survey.

The findings are from “Cyberstates 2008: A Complete State-by-State Overview of the High-Technology Industry,” a report recently released by Washington-based AeA, the largest technology trade association. In 2006, the most recent year state-by-state data was available, Michigan had 176,000 workers and a total high-tech payroll of $13.2 billion, the 13th highest in the nation.

Based on the report, the largest area of growth occurred in computer systems design and related services, and electronic components. However, jobs in engineering services, R&D and testing labs, and telecommunications experienced a decline.

Also in the report:

  • In 2006, Michigan's high-tech firms employed 49 of every 1,000 private-sector workers. These employees had average earnings of $75,200 – 79 percent more than the average earnings in the state's private sector.
  • In 2007, Michigan was ranked 25th on the list of states for venture capital investments, which totaled $105 million.
  • In 2006, high-tech jobs increased for the second year in a row nationwide, and represented the addition of 139,000 jobs.
  • Aside from Michigan, only two other states – Colorado and Delaware – lost high-tech jobs. Colorado lost 900 jobs and Delaware lost 300.

Source: AeA

Written by Jenny Cromie, certified human resources specialist


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