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Study Details Three-Year High-Tech Job Bust in United States
SEATTLE, Sept. 10 /PRNewswire/ -- A groundbreaking new study detailing the magnitude of jobs losses in the U.S. high-tech sector since an economic recovery was declared three years ago will be released for embargo on Monday Sept. 13, 2004 at a call-in news conference at 1:00 PM EDT/10:00 AM PDT. This call is for media that will be unable to attend local press events in Boston, Chicago, San Jose and Seattle set for Tuesday, Sept. 14.
The report, entitled "America's High-Tech Bust" found that the U.S. high- tech economy continued to lose a whopping 200,000 jobs after the recession was declared over in November 2001 by the National Bureau of Economic Research. This is the first time a report has tackled the impact of the economic bust for high-tech workers at a national level.
The report found that high-tech workers have seen a doubling of unemployment rates in the past three years and that few new jobs have been created. The University of Illinois at Chicago conducted the research for the Washington Alliance of Technology Workers, a local of the Communications Workers of America.
The report also analyzes job growth and unemployment in six key regional high-tech labor markets -- Boston, Chicago, Dallas, San Jose, Seattle and Washington, DC. Nearly every labor market except Washington DC has fewer jobs today than three years ago. The report cited offshore outsourcing as contributing to the lack of strong job creation in this sector.
Embargoed copies of the report will be available to the media upon request. The embargo is lifted as of 10 am, EDT, Tuesday, September 14. Events on Tuesday, September 14 will be held in Boston, Chicago, San Jose and Seattle. Local contacts are included in this advisory.
The report was prepared for WashTech by the Center for Urban Economic Development, University of Illinois at Chicago. WashTech is a local union of the Communications Workers of America and is actively organizing high-tech workers throughout the United States.
What: Call-in news conference on release of new report on high-tech job
loss
When: Monday, Sept. 13, 2004, 1:00 PM EDT/10:00 AM PDT
Communications Workers of America
CONTACT: To participate in the teleconference: Candice Johnson of CWACommunications, +1-202-434-1347, cjohnson@cwa-union.org; for more information:Marcus Courtney of WashTech, +1-206-323-6549, Courtney@washtech.org; or forlocal media events: Boston - Suren Moodliar, +1-617-482-6300,Suren@fairjobs.org, Chicago - Nik Theodore, +1-312-996-8378, theodore@uic.edu,San Jose - Josh Sperry, +1-408-278-9446, jsperry@cwa9423.com, or Seattle -Marcus Courtney, Courtney@washtech.org
Web site: http://www.cwa-union.org/
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