Tech Sector Adds 47,000 Jobs So Far in 2010


Source: Bloomberg
Author: Olga Kharif

Tech jobs are coming back after hitting bottom early this year, according to economy tracker Moody's Analytics.

The U.S. economy has added 47,000 technology jobs so far this year amid resurgent demand for tech products in Asia and Latin America. That represents 15 percent growth in tech jobs, compared with an 11 percent jobs growth in the economy overall since the beginning of the year, according to Moody's. Since a peak at the end of 2007, the tech industry had lost 307,000 jobs nationally in the economic downturn. "It seems like this industry is embarking on a new growth spurt," says Sophia Koropeckyj, a managing director for Moody's Analytics. "Tech jobs seem to be accelerating." Asia and Latin America's demand for tech products has resulted in new hiring and is one contributor to the recovery, Koropeckyj says.

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