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Good Economy? Tech Layoffs Are Up

Posted by samzenpus on from the getting-a-job dept.

Nerval's Lobster writes: If you look at the broad numbers produced by the U.S. Bureau of Labor Statistics, the economy seems great, especially for the tech industry: The unemployment rate for tech pros currently stands at 2.1 percent, down from 2.3 percent in the first quarter. However, that dip isn't uniform for all sectors: The unemployment rate for Web developers climbed from 2.1 percent to 3.1 percent. Computer support specialists, network and systems administrators, computer & information systems managers, and database administrators also saw their respective unemployment rates rising slightly. Layoffs and discharges for the tech industry as a whole rose slightly in April and May (the latest months for which the BLS had numbers), to an average of 441,500 employees per month. That's higher than the first quarter, when layoffs and discharges averaged 424,300 per month. That's not to say we're on the verge of a collapse, bubble, or other economic shock, but it's definitely not great times for everybody.

3 of 293 comments (clear)

  1. Great Economy? by Anonymous Coward · · Score: 0, Offtopic

    Who says its a great economy? Have we come to the point we think this is great. The last two presidents have been a disaster.

    1. Re:Great Economy? by pwizard2 · · Score: 0, Offtopic

      Credit where it's due: Obama has done a pretty good job, in spite of the unprecedented obstructionism he had had to put up with every step of the way.

      --
      "It is a denial of justice not to stretch out a helping hand to the fallen; that is the common right of humanity."
    2. Re:Great Economy? by Anonymous Coward · · Score: 0, Offtopic

      If there are no jobs, and government policy says US Citizens are not supposed to feed themselves by working for a living.....then NO WONDER people file disability! People have to survive.