Slowdown in computer-services employment growth
June 12, 2002
Expansion of the Internet fueled demand for computer services as companies scrambled to develop Web sites and networks. Employment in computer and data-processing services grew at an annual rate of 13.6 percent from September 1995 to September 2000.
Then, between September 2000 and September 2001, the growth rate of employment in computer and data-processing services slowed to 3.6 percent. Information retrieval services and computer-related services, not elsewhere classified (n.e.c.), taken together formed one of computer services’ weakest segments during that year.
Employment growth in those combined industries declined from 23.4 percent per year from September 1995 to September 2000 to 3.4 percent from September 2000 to September 2001. The growth of these two industries in the second half of the 1990s reflected the expansion of the Internet and concerns regarding Y2K. The successful weathering of the Y2K event and the beginning of the economic downturn contributed to the slowdown in demand for computer consultants and Internet services.
These data are products of the Current Employment Statistics program. For additional information, see Employment in business services: a year of unprecedented decline, by Rachel Krantz, Monthly Labor Review, April 2002.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Slowdown in computer-services employment growth on the Internet at http://www.bls.gov/opub/ted/2002/jun/wk2/art03.htm (visited December 03, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.