High tech doesn’t always mean high growth
July 29, 1999
Employment in high-tech industries grew more slowly between 1986 and 1996 than employment in the total nonfarm economy. A new study from BLS shows that employment in high-tech industries rose by only 9 percent in this period, while overall employment was up by 20 percent.
However, employment in high-tech industries is projected to increase by 23 percent in 1996-2006, compared to a projected growth rate of 15 percent for total employment. Also, the gains in employment have not been equally distributed among high-tech industries. In some industries, such as computer and office equipment manufacturing, employment dropped from 1986 to 1996 and is projected to fall in the subsequent 10-year period. Other industries, most notably computer and data processing services, experienced tremendous employment growth in 1986-1996 and this growth is expected to continue.
Projections data are from the BLS Employment Projections program. Find more information on high-tech employment and wages in "High-technology employment: a broader view," by Daniel Hecker, Monthly Labor Review, June 1999. This study identifies 29 specific industries as high-tech.
Bureau of Labor Statistics, U.S. Department of Labor, The Editor's Desk, High tech doesn’t always mean high growth on the Internet at http://www.bls.gov/opub/ted/1999/jul/wk4/art04.htm (visited August 27, 2014).
Spotlight on Statistics: Productivity
This edition of Spotlight on Statistics examines labor productivity trends from 2000 through 2010 for selected industries and sectors within the nonfarm business sector of the U.S. economy. Read more »