Job losses in Minn. technology sector slightly outpace nation's
- Article by: DEE DePASS
- Star Tribune
- October 5, 2011 - 11:06 PM
Minnesota lost high-tech jobs at a faster rate than the rest of the nation last year, according to a report released Wednesday by the TechAmerica Foundation.
The industry trade group said in its Cyberstates 2011 report that Minnesota lost 2,900 positions, a 2.3 percent drop. That compared with a 2 percent drop nationwide.
Minnesota remained the 17th-largest "cyberstate," employing 120,800 tech workers.
Overall, 115,800 jobs were lost last year nationwide -- better than the 249,500 jobs lost in 2009. The entire industry had 5.75 million jobs in 2010.
High-tech jobs are typically high-paying and therefore are considered an important measure of economic strength.
According to the report, tech industry jobs declined 4 percent from 2007 to 2010. Other private sector employment fell 7 percent in the same period.
TechAmerica found a few states that showed significant high-tech employment growth last year, including California, Texas, New York, Virginia and Florida.
Dee DePass • 612-673-7725
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