Tech Sector Slow To Hire

Iftekhar25 writes "The NY Times is running an article about soaring unemployment rates for IT in the US (6 percent) despite a tech sector that is thirsting for engineering talent. Quoting: 'The chief hurdles to more robust technology hiring appear to be increasing automation and the addition of highly skilled labor overseas. The result is a mismatch of skill levels here at home: not enough workers with the cutting-edge skills coveted by tech firms, and too many people with abilities that can be duplicated offshore at lower cost. That's a familiar situation to many out-of-work software engineers, whose skills start depreciating almost as soon as they are laid off, given the dynamism of the industry.'"

Comments

Re:No kidding

[Jah-Wren Ryel]

Especially since the national average is over 9% currently. Seems to me a more accurate story would be "Tech sector hasn't recovered to previous levels, but has much lower unemployment than many other areas."

Presuming that the majority of people in the tech sector have at least a 4 year college degree and thus average nearly the same unemployment rates as other primarily white-collar sectors, I believe "soaring" is appropriate.

This chart shows that people in that category have had no more than 3% unemployment for nearly the last 20 years - including the dot-bomb fall-out. Given that unemployment was roughly 2% before the latest crash, a 200% increase is pretty drastic.