November 19, 2003 12:17 PM

Has the Mass. Tech industry hit bottom?
Posted by at 12:17 PM

This Boston Globe article ("Mass. falls behind Florida in tech jobs") on the state of the Tech industry in Mass. may not be surprising news to many in the industry but, it does offer a glimmer of hope that we may have bottomed out:

The report tracks what may turn out to be the trough of the technology recession, with US states continuing to hemorrhage high-tech jobs across a broad range of fields. Nationally, high-tech employment fell by about 540,000 to 6 million jobs in 2002. But extrapolating from nine-month figures, the association estimated the job loss for 2003 will narrow to about 234,000. There were no comparable 2003 estimates for individual states. "It appears that we are now losing fewer jobs in the technology arena," Platzer said.

That may be the case in Massachusetts as well. "We don't have a crystal ball, but a lot of people believe we've hit bottom," Doherty Johnson said. "It looks like things are beginning to pick up."