Feeds

US unemployment rate breaks ten per cent

Telcos and IT services add jobs

Secure remote control for conventional and virtual desktops

There may be signs that the Great Recession in the US is on the wane, but employers didn't get the memo and another 190,000 people lost their jobs in October.

According to this morning's jobs report (pdf) from the Bureau of Labor Statistics, the unemployment rate in the States rose to 10.2 per cent through the end of October, up from 9.8 per cent in September.

It was 1983 when the unemployment rate in the US broke through ten per cent. As it now stands, there are 15.7 million unemployed people in the country, and since the recession started in December 2007, 7.3 million workers have been given pink slips. (This data excludes farm workers, which includes farmers who work all year and seasonal workers who come and go with harvests.)

In one piece of good news, the BLS went back and revised job losses downward in August and September, so it was not as bad as it originally looked from initial estimates. The BLS now reckons that the US economy shed 154,000 non-farm jobs in August, not 201,000, and 219,000 in September, not 263,000.

The IT industry, for all the hopeful talk of recovery on the lips of the top brass at some companies, continues to shed workers. (It sometimes feels like the execs at top IT firms are trying to will a recovery with their positive thinking, as if their personalities were strong enough to budge an economy.)

Companies engaged in the manufacturing of computer and electronic products shed 6,500 jobs in October, with 1,600 of the losses at computer and peripheral equipment makers, 300 at communications equipment makers, and 3,400 at semiconductor and electronic components makers. All told, computer and electronics makers employ over 1.1 million people in the US.

Telecommunications firms in the States employed 974,300 people in October, up 1,100 workers from September. Data processing, hosting and related services firms employed 255,000 people, down 700 from a month ago.

Companies engaged in computer systems design and related services added 16,500 jobs in October, according to the BLS, and now employ 1.48 million works - slightly more than were working a year ago. Management and technical consulting services firms also added workers, up 13,100 to 1.03 million workers.

What is not clear from the BLS data is whether or not the IT departments of US companies are hiring or firing. The BLS tracks employees by industry, not by the job title they hold.

So we have no idea how many programmers, system administrators, system architects, project managers and IT execs there are out there in the economy, and how this compares to last month or last year. ®

Boost IT visibility and business value

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
XBOX One will learn to play media from USB and DLNA sources
Hang on? Aren't those file formats you hardly ever see outside torrents?
Class war! Wikipedia's workers revolt again
Bourgeois paper-shufflers have 'suspended democracy', sniff unpaid proles
'Aaaah FFS, 'amazeballs' has made it into the OXFORD DICTIONARY'
Plus: 'EE, how shocking, ANOTHER problem I face with your service'
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.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
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.