Like most sectors, high tech saw significant employment losses during the Great Recession. Employment peaked at 92,844 in July 2008 and began rapidly declining, reaching a trough of 82,844 in November 2009. The 10,000 jobs shed by the industry represented an 11 percent decline. By contrast, total employment across all industries during the same period declined by 7 percent. Fortunately, the industry has rebounded significantly since, although employment still sits below pre-recession levels.
For more information about this growing, generally well-paying industry, check out Jill Cuyler-Crook’s full article – “Oregon’s High-Tech Employment Trends – What is High Tech?” Also, thanks to our state employment economist, Nick Beleiciks, for the content of today's post!