The Tech Sector Stops Adding Jobs–Cuts Soon?
October 20, 2008 Timothy Prickett Morgan
Even before Wall Street and the other stock markets of the world started melting down with such intensity in late September and early October, the Bureau of Labor Statistics, the unit in the U.S. Department of Labor, was showing that computer hardware and software tech companies have stopped hiring in the States and telecommunications companies have started making cuts. The U.S. economy has been losing jobs all year, and in the September statistics, which you can read in detail here, the bureau calculates that 159,000 people lost their jobs. (This is the non-farm labor pool, by the way.) Jobs |