Tech employment beats the odds

Tech offers relative job security, statistics show.

Tech continued to escape the brunt of the financial collapse, despite extensive business with Wall Street where some financial firms have gone belly up or are severely cutting back on spending. U.S. unemployment rates for computer and math-related professions rose from 2.8 percent in 2008 to 5.4 percent in 2009. Likewise, unemployment for architecture and engineering occupations rose from 2.3 percent in 2008 to 5.4 percent in 2009.

“It is still a very low level,” said Jed Kolko, an economist with the Public Policy Institute of California. “People in most industries and most occupations would be thrilled if their unemployment rate was 5.4 percent.”

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