Feeds

Techies suffer as US unemployment inches up

More job cuts than expected - again

Website security in corporate America

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). ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.