Feeds

US unemployment rate breaks ten per cent

Telcos and IT services add jobs

Designing a Defense for Mobile Applications

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. ®

The smart choice: opportunity from uncertainty

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
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
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
prev story

Whitepapers

Reducing security risks from open source software
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.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.