Feeds

Techies suffer as US unemployment inches up

More job cuts than expected - again

Top three mobile application threats

The US Department of Labor this morning said that companies in the States chopped 263,000 employees from the payroll in September, nudging up the unemployment rate to 9.8 per cent.

This is larger than the expected 180,000 job cuts that economists had been kicking around, which probably means Wall Street is in for another bad hair day today. This is the second month in a row that the cuts were deeper than the prognosticators expected - maybe it is time to polish that crystal ball a little.

The Bureau of Labor Statistics also revised its job cut figures for the two prior months, as often happens, saying that 304,000 jobs were cut in July (up from 276,000 originally reported), but that there were few cuts in August at 201,000 (compared to the 216,000 reported a month ago).

The recession in the US began in December 2007, and since that time the number of unemployed people has doubled to 15.1 million workers. The expectation is that the unemployment rate will soon break ten per cent and may stay there for years unless the US economy improves enough for employers to feel confident about hiring again.

The IT sector took its share of the hits, as it has done since the recession started. In September, computer and electronics products makers shed 10,600 jobs, to an employee pool just over 1.1 million workers. Computer and peripheral equipment makers let go 1,500 workers within this larger grouping, communications equipment makers cut 400 jobs, and semiconductor and component makers in the States axed 2,500 employees.

Telecommunications companies cut 5,800 jobs, to 971,300, and data processing and hosting companies cut 300 jobs, to 255,400.

The base of workers at companies dedicated to computer systems design and related services fell by 10,800, to an aggregate employment base of 1.46 million people. Companies engaged in management and technical consulting services firms (obviously not restricted just to IT companies, but the BLS doesn't offer fine-grained data, so we do what we can) cut their payrolls by 2,000, to 1.18 million workers.

You can see the full report from the Bureau of Labor Statistics here (pdf). ®

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.