Feeds

Techies suffer as US unemployment inches up

More job cuts than expected - again

Next gen security for virtualised datacentres

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). ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
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.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.