Jobs rise signals 'turnaround' in US IT sector

A 'good news' story? On The Reg?


The number of US tech jobs is on the rise after suffering four years of decline. In 2005, 61,000 new tech jobs were created in the US taking the total number employed in the sector to 5.6 million.

According to US techie trade group, the AeA, this growth "is an important first step in the turnaround of the high tech industry, and represents a significant change from a previous four-year decline".

Adding more detail to its research, the AeA found that the high tech manufacturing industry added 3,300 jobs in 2005 - the first increase since 2000. At the same time, software services and engineering and tech services employment was up in 2005 for the second year in a row.

While the AeA has welcomed these early signs of a recovery it warned that the US faces further difficulties unless it adapts to changes in the world economy.

"To promote the creation of high-paying technology jobs for the future, we need to address the competitiveness issues facing our country, today," said AeA boss William Archey.

"This means that all Americans need to recognise that we live in an increasingly competitive world. To prepare ourselves for this challenge, we need to invest in long term basic research, particularly in the physical sciences."

He also reckons the US needs to attract and retain "the brightest individuals" from overseas to help create jobs and wealth. And he wants a shake-up of the education system so that kids are prepared "to compete in an economy that is knowledge-based and driven by technology". ®


Other stories you might like

  • Despite global uncertainty, $500m hit doesn't rattle Nvidia execs
    CEO acknowledges impact of war, pandemic but says fundamentals ‘are really good’

    Nvidia is expecting a $500 million hit to its global datacenter and consumer business in the second quarter due to COVID lockdowns in China and Russia's invasion of Ukraine. Despite those and other macroeconomic concerns, executives are still optimistic about future prospects.

    "The full impact and duration of the war in Ukraine and COVID lockdowns in China is difficult to predict. However, the impact of our technology and our market opportunities remain unchanged," said Jensen Huang, Nvidia's CEO and co-founder, during the company's first-quarter earnings call.

    Those two statements might sound a little contradictory, including to some investors, particularly following the stock selloff yesterday after concerns over Russia and China prompted Nvidia to issue lower-than-expected guidance for second-quarter revenue.

    Continue reading
  • Another AI supercomputer from HPE: Champollion lands in France
    That's the second in a week following similar system in Munich also aimed at researchers

    HPE is lifting the lid on a new AI supercomputer – the second this week – aimed at building and training larger machine learning models to underpin research.

    Based at HPE's Center of Excellence in Grenoble, France, the new supercomputer is to be named Champollion after the French scholar who made advances in deciphering Egyptian hieroglyphs in the 19th century. It was built in partnership with Nvidia using AMD-based Apollo computer nodes fitted with Nvidia's A100 GPUs.

    Champollion brings together HPC and purpose-built AI technologies to train machine learning models at scale and unlock results faster, HPE said. HPE already provides HPC and AI resources from its Grenoble facilities for customers, and the broader research community to access, and said it plans to provide access to Champollion for scientists and engineers globally to accelerate testing of their AI models and research.

    Continue reading
  • Workday nearly doubles losses as waves of deals pushed back
    Figures disappoint analysts as SaaSy HR and finance application vendor navigates economic uncertainty

    HR and finance application vendor Workday's CEO, Aneel Bhusri, confirmed deal wins expected for the three-month period ending April 30 were being pushed back until later in 2022.

    The SaaS company boss was speaking as Workday recorded an operating loss of $72.8 million in its first quarter [PDF] of fiscal '23, nearly double the $38.3 million loss recorded for the same period a year earlier. Workday also saw revenue increase to $1.43 billion in the period, up 22 percent year-on-year.

    However, the company increased its revenue guidance for the full financial year. It said revenues would be between $5.537 billion and $5.557 billion, an increase of 22 percent on earlier estimates.

    Continue reading

Biting the hand that feeds IT © 1998–2022