HIGH TECH EMPLOYERS ARE HIRING AND PAYING ABOVE AVERAGE SALARIES
High-tech companies are rapidly adding jobs and paying workers more than other industries in metropolitan areas stretching from New York to Seattle, according to a new study looking at the nations top cybercities.
In a report being released in June 2008, the American Electronics Association found 51of the top 60 U.S. cybercities those with the most technology workers added high-tech jobs in 2006. The report also found the average technology industry wage was 87 percent higher than the average private sector salary. Members of the American Electronics Association include Apple Inc., Google, Inc., Intel Corp, Microsoft Corp., Google Inc., and Yahoo Inc.
"Although the AeA report is based on Bureau of Labor Statistics data from 2006 the most recent year available the industry continues to experience robust growth evenas much of the rest of the economy slows," said Christopher Hansen, president and chief executive of the trade group.
The tech sector is not laying people off, Hansen said. If anything, the industry is having trouble getting enough people with the right credentials.
Nationally, Cyberstates 2008 shows that the high-tech industry added jobs for the third consecutive year. Tech industry employment totaled 5.9 million, after adding91,400 jobs in 2007. This is on top of job gains of 139,000 in 2006 and 87,400 in 2005. An examination of the sectors reveals that: Software services added 82,600 jobs in 2007, up for the fourth year in a row.
Engineering and tech services added 45,800 jobs in 2007, also up for the fourth year in a row, putting it at an all time high.
On the downside, high-tech manufacturing lost 29,800 net jobs in 2007. Seven of the nine tech manufacturing sectors lost jobs in 2007.
Only the defense electronics and electromedical equipment manufacturing sectors added jobs.
The communications services sector continued to shed jobs in 2007, albeit at a slower pace, losing 7,200 compared to a loss of 16,900 in 2006.
TECH EXPORTS AND IMPORTS
U.S.high-tech goodsexports decreased by three percent from $220 billion in 2006 to $214 billion in 2007.
Five out of eight high-tech sectors saw negative growth in 2007.
Leading growth sectors were communications and electromedical equipment, both up nine percent.
High tech was the nations largest export sector in 2007, comprising 18 percent of total U.S. goods exports.
U.S.high-tech imports reached $333 billion in 2007, upthree percent from $322 billion in 2006.
The largest markets for U.S. high-tech exports in 2007 were the European Union ($46.6B), Canada ($29.4B), Mexico ($26.0B), China ($14.5B), and Japan ($11.9B).
29 cyberstates saw tech export growth in 2007.
The fastest growing cyberstates on a percentage basis from 2006 to 2007 were Hawaii, Utah, Mississippi, Montana, and Virginia.
On a state-by-state basis, Cyberstates 2008 shows that 48 cyberstatesadded jobs in 2006, the most recent data available. California led the nation, adding 21,400 net jobs.
The next largest net gains in tech employment between 2005 and 2006 occurred in Texas (+13,700) and Virginia (+ 9,800). Rounding out the top five were NewJersey (+8,500) and New Mexico (+6,700). For the second straight year, Virginialed the nation in concentration of high-tech workers in 2006, with 91 high-tech workers per 1,000 private sector workers. Until 2005, Colorado had owned this distinction since 1998.
Massachusetts ranked second in 2006, with 87 high-tech workers per 1,000 private sector workers. Colorado was third, with 83 tech workers per 1,000 private sector workers.
Cyberstates 2008 Key Facts
U.S. Tech Industry Adds Jobs in 2007
U.S. high-tech employment totaled 5.9 million in 2007.
Tech employment was up in 2007 by 91,400 or by 1.6 percent.
This is on top of the growth of 139,000 in 2006 and 87,400 in 2005.
High-tech manufacturing employment fell by 2.3 percent, losing 29,800 jobs between 2006 and 2007.
The semiconductor industry lost the most jobs of any manufacturing sector, 12,500 in 2007.
At the sectoral level, seven of the nine tech manufacturing sectors lost jobs in 2007. Only the defense electronics and electromedical equipment sectors added jobs.
The communications services sector continued to shed jobs in 2007, albeit at a slower pace, losing 7,200 compared to a loss of 16,900 in 2006.
The software services industry added 82,600 jobs in 2007, up for the fourth year in a row.
The engineering and tech services industry added 45,800 jobs in 2007, also up for the fourth year in a row, putting it at an all time high, although this represents fewer jobs than the 72,200 added in 2006.
The unemployment rate for electrical engineers was 1.0 percent in 2007 and 2.2 percent for computer and math occupations.
The tech industry paid an annual average wage of $79,500 in 2006, 87 percent more than the average private sector wage of $42,400.
U.S. High-Tech Employment
2006
2007
Percent Change
Numeric Change
Electronics Manufacturing
1,320,100
1,290,400
-2.3%
-29,800
Communications Services
1,355,400
1,348,200
-0.5%
-7,200
Software Services
1,518,300
1,601,000
+5.4%
+82,600
Engineering and Tech Services
1,572,500
1,618,200
+2.9%
+45,800
Total High Tech
5,766,300
5,857,700
+1.6%
+91,400
Note: Data are rounded. 1.CALIFORNIA California Tech Industry Adds 21,400 Jobs California High-Tech Workers Earn Highest Wage in the Nation, $101,200 California's high-tech industry added 21,400 net jobs a two percent increase for a tech industry total of 940,700 in 2006, the most current state data available. This marks the second net increase in jobs since the tech bubble began to burst in 2000.
Leading the way in job creation were the computer systems design and related services sector (+12,600 jobs) and the engineering services sector (+6,100 jobs). California's tech workers had the highest average wage at $101,200 which is 112 percent above the states average private sector wage. This differential is also the highest in the nation.
Venture capital investments increased eight percent to $13.8 billion in 2007, accounting for 47 percent of all venture capital in the country. What Does High Tech Mean for California? 940,700 high-tech workers in 2006 (1st ranked cyberstate) 21,400 jobs gained between 2005 and 2006, ranked 1st nationwide High-tech firms employed 72 of every 1,000 private sector workers in 2006, ranked 7th nationwide High-tech workers earned an average wage of $101,200 (1st ranked), or 112 percent more than California's average private sector wage A high-tech payroll of $95.2 billion in 2006, ranked 1st nationwide 43,400 high-tech establishments in 2006, ranked 1st nationwide Venture capital investments of $13.8 billion in 2007, up eight percent from $12.8 billion in 2006, ranked 1st nationwide R&D expenditures of $60.5 billion in 2004, ranked 1st nationwide
Californias National Industry Sector Rankings: 1st in computer systems design and related services employment with 185,100 jobs 1st in telecommunications services employment with 109,600 jobs 1st in semiconductor manufacturing employment with 69,400 jobs 1st in computer and peripheral equipment manufacturing with 57,100 jobs Source: Cyberstates 2008 2.TEXAS Texas Tech Job Market Experiences Substantial Growth Adds 13,700 Jobs; Remains Second Largest Cyberstate Texas remains the second-largest cyberstate by tech employment, behind California and ahead of New York. Additionally, the high-tech industry in Texas paid out $37.5 billion in payroll in 2006. The Texas average tech industry wage in 2006 was $81,600 88 percent higher than the states average private sector wage.
What Does High Tech Mean for Texas? 459,500 high-tech workers in 2006 (2nd ranked cyberstate) 13,700 jobs added between 2005 and 2006 High-tech firms employed 56 of every 1,000 private sector workers in 2006, ranked 16th nationwide High-tech workers earned an average wage of $81,600 (9th ranked), or 88 percent more than Texas's average private sector wage A high-tech payroll of $37.5 billion in 2006, ranked 2nd nationwide 23,500 high-tech establishments in 2006, ranked 2nd nationwide Venture capital investments of $1.42 billion in 2007, down two percent from $1.45 billion in 2006, ranked 3rd nationwide R&D expenditures of $14.4 billion in 2004, ranked 5th nationwide Texass National Industry Sector Rankings: 1st in computer training employment with 1,600 jobs 2nd in engineering services with 88,100 jobs 2nd in computer and peripheral equipment manufacturing employment with 20,200 jobs 2nd in semiconductor manufacturing employment with 36,000 jobs Source: Cyberstates 2008 3.NEW YORK New Yorks Tech Industry Totals 301,500 Jobs New York's Tech Industry Adds 1,600 jobs New York State remained the third largest cyberstate employing 301,500 with a total payroll of $24.4 billion.
New York's high-tech industry experienced a net gain of 1,600 jobs in 2006, the most current state data available.
Venture capital investments in New York totaled $1.2 billion in 2007, ranking the state 5th nationwide by this metric.
Like many states, New York suffered a large job loss in the communications services sector, down 2,300 jobs in 2006.
On the positive side, New York saw growth in several sectors including computer systems design and related services (+4,500 jobs) and engineering services (+700 jobs).
New York is also hub for the photonics industry, ranking first in the nation with more photonics workers than California, 8,500 compared to 7,400.
What Does High Tech Mean for New York? 301,500 high-tech workers in 2006 (3rd ranked cyberstate) 1,600 jobs gained between 2005 and 2006 High-tech firms employed 43 of every 1,000 private sector workers in 2006, ranked 26th nationwide High-tech workers earned an average wage of $80,900 (10th ranked), or 42 percent more than New York's average private sector wage A high-tech payroll of $24.4 billion in 2006, ranked 3rd nationwide 17,700 high-tech establishments in 2006, ranked 4th nationwide Venture capital investments of $1.2 billion in 2007, down nine percent from $1.3 billion in 2006, ranked 5th nationwide R&D expenditures of $13.1 billion in 2004, ranked 6th nationwide New Yorks National Industry Sector Rankings: 1st in photonics manufacturing employment with 8,500 jobs 2nd in defense electronics manufacturing employment with 11,800 jobs 3rd in electronic components manufacturing employment with 15,400 jobs Source: Cyberstates 2008
4.FLORIDA Florida's Tech Industry Adds 5,700 Jobs Florida Is the 4th Largest and 8th Fastest Growing Cyberstate by Tech Employment Florida's high-tech industry added 5,700 net jobs to its economy, giving Florida 282,100 tech industry workers in 2006, the most current state data available.
This places Florida as the 4th largest cyberstate by tech industry employment and the 8th fastest growing.
These jobs also are high paying, with the average tech worker earning $64,400 in 2006 or 70 percent more than the states average private sector wage. Floridas high-tech job growth is highly concentrated in two sectors, engineering services, which added 4,600 jobs, and computer systems design and related services, which added 2,400 net jobs.
The tech manufacturing and communications services sectors both experienced job losses, 300 and 2,000, respectively.
"Floridas high-tech industry continues to ride the crest of a wave, said Maryann Fiala, Executive Director, AeA Florida Council. "We have now seen three straight years of rapid job growth. And as AeAs Florida Cybercities report showed last September, this growth is spread throughout the state. This benefits the entire state economy.
The average tech industry wage in Florida pays 70 percent more than the average wage of Floridas private sector. "However, it must be noted that our job growth could have been much more robust, continued Fiala. Many tech companies have far more open positions than they are able to fill. Unfortunately, many of these companies are having to grow their business outside of Florida adding workers in Boston, California, Texas, or even abroad. We have often joked that Florida is one of the largest technology states in the country, yet hardly anyone knows it especially Floridians.
What Does High Tech Mean for Florida? 282,100 high-tech workers in 2006 (4th ranked cyberstate) 5,700 jobs added between 2005 and 2006, ranked 8th nationwide High-tech firms employed 41 of every 1,000 private sector workers in 2006, ranked 31st nationwide High-tech workers earned an average wage of $64,400 (30th ranked), or 70 percent more than Florida's average private sector wage A high-tech payroll of $18.2 billion in 2006, ranked 7th nationwide 22,100 high-tech establishments in 2006, ranked 3rd nationwide Venture capital investments of $608 million in 2007, up 91 percent from $319 million in 2006, ranked 9th nationwide R&D expenditures of $5.7 billion in 2004, ranked 16th nationwide
Florida's National Industry Sector Rankings: 3rd in telecommunications services employment with 63,400 jobs 3rd in engineering services employment with 59,200 jobs 3rd in Internet services employment with 25,100 jobs Source: Cyberstates 2008 5.VIRGINIA 1 of Out of 11 Workers in Virginia in Tech Industry, Highest Concentration in the Nation, AeA Says Third Straight Year of Fast Job Growth as Virginia Adds Nearly 10,000 Jobs What many people don't realize even many Virginians is that Virginia is the 5th largest high-tech state in the nation.
Virginia's tech industry grew by four percent, adding 9,800 jobs for a total of 270,800 in 2006, the most recent year available. This is the third consecutive year of ranking among the top five states by tech job growth for Virginia. This growth helps solidify Virginia's placement as the state with the highest concentration of technology workers, with 9.1 percent of its private sector workforce in the tech industry.
These jobs pay nearly twice as much as the average private sector job in Virginia.
Virginias growth is overwhelmingly attributable to its high-tech services sectors. The states largest sector is computer systems design and related services which employs 119,100 people, up 10,300 jobs in 2006, which also was ranked 2nd nationwide, only after California.
While Virginia's second largest sector, engineering services, added 700 net jobs, the state continued to shed telecommunications jobs (-1,000) and Internet services jobs (-800) in 2006.
What Does High Tech Mean for Virginia? 270,800 high-tech workers in 2006 (5th ranked cyberstate) 9,800 jobs added between 2005 and 2006 High-tech firms employed 91 of every 1,000 private sector workers in 2006, ranked 1st nationwide High-tech workers earned an average wage of $86,400 (6th ranked), or 98 percent more than Virginia's average private sector wage A high-tech payroll of $23.4 billion in 2006, ranked 4th nationwide 14,800 high-tech establishments in 2006, ranked 6th nationwide Venture capital investments of $463 million in 2007, up 16 percent from $400 million in 2006, ranked 13th nationwide R&D expenditures of $7.9 billion in 2004, ranked 13th nationwide
Virginias National Industry Sector Rankings: 2nd in computer systems design and related systems employment with 119,100 jobs 4th in engineering services employment with 51,500 jobs 5th in internet services employment with 19,300 jobs Source: Cyberstates 2008 6.MASSACHUSETTS Massachusetts Tech Industry Adds 5,100 Jobs Massachusetts Boasts 2nd Highest Concentration of High-Tech Workers in the Nation Massachusetts's high-tech industry added 5,100 net jobs a rise of two percent in 2006, the most current state data available.
Massachusetts remained the 6th largest cyberstate employing 242,700 with a total payroll of $23 billion. Massachusetts boasts the second highest concentration of high tech workers with 87 out of every 1,000 private sector workers employed by the high-tech industry.
These jobs are well compensated at an average of $94,800 79 percent more than the states average private sector wage. Massachusetts largest job gains in 2006 occurred in computer systems design and related services (+3,100 jobs), R&D and testing labs (+2,400 jobs), and electromedical equipment manufacturing (+1,100).
The largest job losses were in computer and peripheral equipment manufacturing (-1,600 jobs).
Despite an overall loss of some 1,300 tech manufacturing jobs in 2006, Massachusetts continues to have a strong manufacturing base. The states measuring and control instruments sector ranks 2nd nationwide (15,400 total jobs), consumer electronics ranks 2nd (3,800 total jobs), and computer and peripheral equipment ranks 4th (14,600 total jobs).
It ranks among the top five cyberstates in the nation by employment in eight of the 16 high-tech sectors.
What Does High Tech Mean for Massachusetts? 242,700 high-tech workers in 2006 (6th ranked cyberstate) 5,100 jobs added between 2005 and 2006 High-tech firms employed 87 of every 1,000 private sector workers in 2006, ranked 2nd nationwide High-tech workers earned an average wage of $94,800 (2nd ranked), or 79 percent more than Massachusetts's average private sector wage A high-tech payroll of $23.0 billion in 2006, ranked 5th nationwide 11,100 high-tech establishments in 2006, ranked 11th nationwide Venture capital investments of $3.5 billion in 2007, up 21 percent from $2.9 billion in 2006, ranked 2nd nationwide R&D expenditures of $16.3 million in 2004, ranked 3rd nationwide
Massachusettss National Industry Sector Rankings: 2nd in measuring and control instruments manufacturing employment with 15,400 jobs 2nd in consumer electronics manufacturing employment with 3,800 jobs 3rd in R&D and testing labs employment with 44,100 jobs 4th in computer and peripheral equipment manufacturing employment with 14,600 jobs Source: Cyberstates 2008
7.PENNSYLVANIA Pennsylvania Moves Up To Become the 7th Ranked CyberstatePennsylvanias High-Tech Industry Adds 6,400 Jobs in 2006
Pennsylvania's high-tech industry added 6,400 net jobs or three percent in 2006, the most recent year state data are available. This moved Pennsylvania up one spot to become the 7th largest cyberstate, surpassing Illinois and employing 210,200 tech workers with a total payroll of $15.1 billion.
Pennsylvanias growth in its high-tech services sectors helped propel it up to seventh. R&D and testing labs saw remarkable growth, adding 3,000 jobs, a nine percent rise in 2006. Following this were computer systems design and related services which added 1,700 jobs and engineering services which added 1,400 jobs. What Does High Tech Mean for Pennsylvania? 210,200 high-tech workers in 2006 (7th ranked cyberstate) 6,400 jobs added between 2005 and 2006 High-tech firms employed 43 of every 1,000 private sector workers in 2006, ranked 27th nationwide High-tech workers earned an average wage of $71,800 (21st ranked), or 75% more than Pennsylvania's average private sector wage A high-tech payroll of $15.1 billion in 2006, ranked 9th nationwide 12,000 high-tech establishments in 2006, ranked 8th nationwide Venture capital investments of $835 million in 2007, down 2% from $855 million in 2006, ranked 6th nationwide R&D expenditures of $10.9 billion in 2004, ranked 9th nationwide
Pennsylvania's National Industry Sector Rankings: 3rd in consumer electronics manufacturing employment with 1,700 jobs 5th in electronic component manufacturing employment with 11,100 jobs 6th in engineering services employment with 34,500 jobs Source: Cyberstates 2008 8.ILLINOIS Illinois Tech Industry Adds 3,600 Jobs Illinois Ranks 4th by Tech Industry Employment in Four Manufacturing Sectors Illinois's high-tech industry added 3,600 net jobs in 2006, the most current state data available. Despite this growth, Pennsylvania grew faster dropping Illinois one slot to the 8th largest cyberstate.
Illinois's tech industry employed 209,300 tech industry workers with a total payroll of $16.1 billion in 2006.
Illinois ranked 4th by tech industry employment in four manufacturing sectors: electronic components (12,500 total jobs), measuring and control instruments (11,400 total jobs), communications equipment (9,400 total jobs), and consumer electronics (1,500 total jobs).
Job gains were fueled by the computer systems design and related services sector, which added 3,700 net jobs. Engineering services followed with a gain of 1,200 jobs net jobs. These sectors offset losses concentrated in telecommunications services (-1,500 jobs), electronic components manufacturing (-600), and communications equipment manufacturing (-600 jobs).
What Does High Tech Mean for Illinois? 209,300 high-tech workers in 2006 (8th ranked cyberstate) 3,600 jobs added between 2005 and 2006 High-tech firms employed 42 of every 1,000 private sector workers in 2006, ranked 29th nationwide High-tech workers earned an average wage of $77,100 (14th ranked), or 68 percent more than Illinois's average private sector wage A high-tech payroll of $16.1 billion in 2006, ranked 8th nationwide 16,100 high-tech establishments in 2006, ranked 5th nationwide Venture capital investments of $510 million in 2007, up 24 percent from $410 million in 2006, ranked 12th nationwide R&D expenditures of $11.3 billion in 2004, ranked 8th nationwide Illinoiss National Industry Sector Rankings: 4th in measuring and control instruments with 11,400 jobs 4th in electronic components manufacturing employment with 12,500 jobs 4th in communications equipment manufacturing employment with 9,400 jobs Source: Cyberstates 2008 9.NEW JERSEY New Jerseys Tech Industry Adds 8,500 Jobs New Jersey's Tech Industry 4th Fastest Growing in the Nation New Jersey remained the 9th largest cyberstate employing 205,700 with a total payroll of $18.4 billion.
New Jersey's high-tech industry was the 4th fastest growing, adding 8,500 net jobs in 2006, the most recent year state data are available.
Tech industry jobs pay on average $89,400 74 percent higher than the states average private sector wage.
New Jerseys tech industry job growth in 2006 was led by computer systems design and related services (+4,000 jobs), followed by R&D and testing labs (+1,900 jobs), and Internet services (+1,800 jobs). Job losses came in semiconductor manufacturing (-200 jobs).
What Does High Tech Mean for New Jersey? 8,500 jobs added between 2005 and 2006 High-tech firms employed 62 of every 1,000 private sector workers in 2006, ranked 11th nationwide High-tech workers earned an average wage of $89,400 (3rd ranked), or 74 percent more than New Jersey's average private sector wage A high-tech payroll of $18.4 billion in 2006, ranked 6th nationwide 14,100 high-tech establishments in 2006, ranked 7th nationwide Venture capital investments of $625 million in 2007, down 17 percent from $756 million in 2006, ranked 8th nationwide R&D expenditures of $12.6 billion in 2004, ranked 7th nationwide New Jersey's National Industry Sector Rankings: 6th in R&D and testing labs employment with 35,900 jobs 5th in defense electronics manufacturing employment with 9,100 jobs 7th in computer systems design and related services employment with 55,300 jobs Source: Cyberstates 2008
10.MICHIGAN Michigans Tech Industry Totals 176,100 Jobs High-Tech Manufacturing Employment Is Up; High-Tech Services Employment Is Down Michigan remained the 10th ranked cyberstate, employing 176,100 workers with a total payroll of $13.2 billion in 2006, the most recent state data available.
Michigans high-tech industry saw a net loss of 1,500 jobs.
The largest job gains occurred in computer systems design and related services (+500 jobs) and electronic components (+400 jobs).
These gains were offset by a drop of 1,800 jobs in engineering services, a drop of 600 jobs in R&D and testing labs, and a drop of 200 jobs in telecommunications.
What Does High Tech Mean for Michigan? 176,100 high-tech workers in 2006 (10th ranked cyberstate) 1,500 jobs lost between 2005 and 2006 High-tech firms employed 49 of every 1,000 private sector workers in 2006, ranked 21st nationwide High-tech workers earned an average wage of $75,200 (18th ranked), or 79 percent more than Michigan's average private sector wage A high-tech payroll of $13.2 billion in 2006, ranked 13th nationwide 9,000 high-tech establishments in 2006, ranked 14th nationwide Venture capital investments of $105 million in 2007, down 17 percent from $127 million in 2005, ranked 25th nationwide R&D expenditures of $16.7 billion in 2004, ranked 2nd nationwide Michigans National Industry Sector Rankings: 2nd in R&D and testing labs employment with 44,300 jobs 5th in engineering services employment with 38,300 jobs 9th in software publishers employment with 6,800 jobs Source: Cyberstates 2008
11.MARYLAND Marylands Tech Industry Adds 3,200 Jobs Maryland Has the 5th Highest Concentration of Tech Industry Workers of All Cyberstates Maryland's high-tech industry added 3,200 net jobs a two percent rise in 2006, the most current state data available.
Maryland moved up from the 12th to the 11th largest cyberstate after moving up from 13th to 12th in 2005 employing 165,600 tech workers with a total payroll of $13.4 billion.
Maryland has the 5th highest concentration of tech industry workers of all cyberstates with 80 out of every 1,000 private sector workers employed by the high-tech industry. Marylands tech industry job gains in 2006 came predominantly in the services sectors. Computer systems design and related services added 2,200 net jobs, engineering services added 1,200 net jobs, and R&D and testing labs added 700 net jobs. Overall tech manufacturing shed 500 net jobs in 2006. What Does High Tech Mean for Maryland? 165,600 high-tech workers in 2006 (11th ranked cyberstate) 3,200 jobs added between 2005 and 2006 High-tech firms employed 80 of every 1,000 private sector workers in 2006, ranked 5th nationwide High-tech workers earned an average wage of $80,800 (11th ranked), or 82 percent more than Maryland's average private sector wage A high-tech payroll of $13.4 billion in 2006, ranked 12th nationwide 9,800 high-tech establishments in 2006, ranked 13th nationwide Venture capital investments of $635 million in 2007, down three percent from $657 million in 2006, ranked 7th nationwide R&D expenditures of $14.8 billion in 2004, ranked 4th nationwide
Marylands National Industry Sector Rankings: 6th in defense electronics manufacturing employment with 8,500 jobs 6th in computer systems design and related services employment with 56,200 jobs 7th in engineering services employment with 31,900 jobs Source: Cyberstates 2008
12.GEORGIA Georgias Tech Industry Adds 3,000 Jobs Venture Capital Investments Rise in Georgia for Second Straight Year Georgia's high-tech industry added 3,000 net jobs to its economy, totaling 165,500 in 2006, the most current state data available. This is the first net job gain since the bursting of the tech bubble in 2001.
Despite this growth, Maryland grew faster moving Georgia from 11th to 12th largest cyberstate by tech industry employment.
The average Georgia tech worker earned $75,900 in 2006 or 86 percent more than the states average private sector wage of $40,800.
Tech industry job gains in 2006 were led by engineering services (+1,700 jobs), computer systems design and related services (+1,000 jobs), and Internet services, which rebounded from job losses last year to add 900 jobs.
The largest job losses continued to be in telecommunications services, which shed 1,300 jobs.
High-tech manufacturing recorded a modest loss of 200 net jobs in 2006.
What Does High Tech Mean for Georgia? 165,500 high-tech workers in 2006 (12th ranked cyberstate) 3,000 jobs added between 2005 and 2006 High-tech firms employed 49 of every 1,000 private sector workers in 2006, ranked 20th nationwide High-tech workers earned an average wage of $75,900 (15th ranked), or 86 percent more than Georgia's average private sector wage A high-tech payroll of $12.6 billion in 2006, ranked 14th nationwide 11,800 high-tech establishments in 2006, ranked 9th nationwide Venture capital investments of $463 million in 2007, up 30 percent from $355 million in 2006, ranked 14th nationwide R&D expenditures of $4.1 billion in 2004, ranked 20th nationwide Georgias National Industry Sector Rankings: 5th in telecommunications services employment with 45,800 jobs 6th in software publishers employment with 11,000 jobs 6th in Internet services employment with 18,400 jobs Source: Cyberstates 2008
13.WASHINGTON Washingtons Tech Industry Adds 6,300 Jobs Venture Capital Investments in Washington Up 27 Percent in 2007 For the third year in a row, Washingtons high-tech industry added jobs, up 6,300 for a total of 162,800 in 2006, the most current state data available. Also encouraging is that in 2007, venture capital investments in Washington rose by 27 percent, to just over $1.3 billion, the 4th highest in the country.
Washingtons largest and fastest growing sector remains software publishers, which grew by 3,500 net jobs in 2006 for a total of 44,600 jobs. Washington ranks 1st in the country in this sector, ahead of California. Other sectors that experienced significant growth in 2006 included computer systems design and related services (+3,200 jobs) and Internet services (+1,000 jobs).
"Washingtons tech industry remains strong, experiencing it's third year of job growth with average wages that are more than double those of the private sector, said J.D. Hammerly, Vice President, Energy Infrastructure. "While many people associate Washington state with the software industry, they may not realize how fast it continues to grow. This growth runs on the knowledge and intellectual capital of some of the smartest and most skilled workers in the world. Washington's challenge is that we are not graduating enough scientists and engineers to maintain this growth. All you have to do is look at the websites of our technology companies large and small and youll find thousands of positions going unfilled." What Does High Tech Mean for Washington? 162,800 high-tech workers in 2006 (13th ranked cyberstate) 6,300 jobs added between 2005 and 2006 High-tech firms employed 69 of every 1,000 private sector workers in 2006, ranked 9th nationwide High-tech workers earned an average wage of $89,400 (4th ranked), or 110 percent more than Washington's average private sector wage A high-tech payroll of $14.6 billion in 2006, ranked 10th nationwide 7,200 high-tech establishments in 2006, ranked 16th nationwide Venture capital investments of $1.3 billion in 2007, up 27 percent from $1.0 billion in 2006, ranked 4th nationwide R&D expenditures of $10.9 billion in 2004, ranked 10th nationwide Washington's National Industry Sector Rankings: 1st in software publishers employment with 44,600 jobs 8th in electromedical equipment manufacturing employment with 3,600 jobs 13th in R&D and testing labs employment with 19,700 jobs Source: Cyberstates 2008 14.COLORADO Colorados Tech Industry Totals 157,200 Jobs Colorado Remains 3rd in Concentration of High-Tech Workers Colorado's high-tech industry employment edged downward by 900 or about one percent, giving Colorado 157,200 tech industry workers in 2006, the most current state data available.
Colorado's tech concentration in the workforce remains in 3rd place for the second consecutive year.
Colorado was surpassed by Massachusetts in 2006, where 8.7 percent of workers are in the tech industry compared to 8.3 percent for Colorado.
Despite declines in net high-tech manufacturing jobs in 2006, impressive gains occurred in sectors like computer systems design and related services (+1,100 jobs) and engineering services (+1,500 jobs).
On average $86,500 or 98 percent more than the states average private sector worker.
What Does High Tech Mean for Colorado? 157,200 high-tech workers in 2006 (14th ranked cyberstate) 900 jobs lost between 2005 and 2006 High-tech firms employed 83 of every 1,000 private sector workers in 2006, ranked 3rd nationwide High-tech workers earned an average wage of $86,500 (5th ranked), or 98 percent more than Colorado's average private sector wage A high-tech payroll of $13.6 billion in 2006, ranked 11th nationwide 11,600 high-tech establishments in 2006, ranked 10th nationwide Venture capital investments of $564 million in 2007, down 15 percent from $661 million in 2006, ranked 11th nationwide R&D expenditures of $5.5 billion in 2004, ranked 17th nationwide Colorados National Industry Sector Rankings: 5th in software publishers employment with 12,700 jobs 7th in computer and peripheral equipment manufacturing employment with 7,200 jobs 8th in engineering services employment with 30,100 jobs Source: Cyberstates 2008 15.OHIO Ohios High-Tech Industry Adds 2,800 Jobs Venture Capital Investments Triple to $170 million in 2007 Driven by significant gains in high-tech services such as computer systems design and related services (+2,400) and R&D and testing labs (+1,300), Ohio had a second year of technology employment growth.
This growth in services was offset by contractions in high-tech manufacturing (-800) and communications services (-700). "Ohio's tech industry employment grew for the second year in a row, said Joseph P. Keithley, Chairman, President, and Chief Executive Officer, Keithley Instruments, Inc. "The future looks bright for Ohio's tech industry. In 2007, venture capital investments more than tripled to $170 million in 2007. These new ventures will create the high paying jobs that Ohio needs.
Ohio's tech employees earned on average 67 percent more than private sector workers, $63,500 compared to $38,100. What Does High Tech Mean for Ohio? 155,200 high-tech workers in 2006 (15th ranked cyberstate) 2,800 jobs added between 2005 and 2006 High-tech firms employed 34 of every 1,000 private sector workers in 2006, ranked 36th nationwide High-tech workers earned an average wage of $63,500 (31st ranked), or 67 percent more than Ohio's average private sector wage A high-tech payroll of $9.8 billion in 2006, ranked 16th nationwide 10,800 high-tech establishments in 2006, ranked 12th nationwide Venture capital investments of $170 million in 2007, up 243 percent from $50 million in 2006, ranked 20th nationwide R&D expenditures of $8 billion in 2004, ranked 12th nationwide
Ohio's National Industry Sector Rankings: 10th in measuring and control instruments manufacturing employment with 7,700 jobs 11th in R&D and testing labs employment with 20,800 jobs 12th in computer systems design and related services employment with 44,200 jobs Source: Cyberstates 2008 Report Shows High-Tech Is Doing Well
