What’s happening to the Telecom Jobs?

I thought the boom in Internet was supposed to translate to more jobs in IT and Telecom space. I guess not.

The telecommunications sector lost nearly 50,000 jobs since July of last year, including 5,800 jobs lost just last month alone. The U.S. Bureau of Labor Statistics counted 919,400 jobs in the sector in July.

The computer and electronics products segment remained flat month over month, increasing 1,100 jobs, but still down 23,800 jobs from the year-ago period to an overall job count of 1.1 million jobs. Most of the nearly 24,000 job losses from July 2009 to July 2010 came from the electronics instruments sub-category.

Crap! Unemployment in Telecom was Up in April

by Elias Shams

This is the last thing we needed to hear in this tough economy. Believe me! I am taking no pleasure to write about this one 😦

According to the U.S. Bureau of Labor Statistics, the unemployment rate went up to 8.7% in the telecom sector last month, following the national unemployment rate, which was 9.9%.

The telecommunications sector lost 6,700 jobs from March to April. A total of 934,500 jobs are categorized in that sector.