TechAmerica Foundation released on October 5, 2011, its 14th annual Cyberstates report detailing national and state trends in high-tech employment, wages, and other key economic factors. Cyberstates 2011: The Definitive State-by-State Analysis of the U.S. High-Tech Industry covers all 50 states, the District of Columbia, and Puerto Rico.
Colorado's high-tech industry lost 5,300 net jobs, with its workforce totaling 156,900 in 2010. Colorado had the 7th largest decrease in jobs with the largest employment losses in Internet and telecommunications services (-1,800 jobs) and engineering services (-1,800). Colorado's tech concentration in the workforce remains in 3rd place for the fifth consecutive year. These jobs also are high paying, with the average tech worker in Colorado earning $90,800 in 2010 or 96 percent more than the average private sector wage.
"Colorado's high-tech industry continues to be one of the cornerstones of the state's economy as evidenced by the fact that only two states have a higher proportion of tech workers in their states' private sector," said Jeff Clark, Vice President of Governmental Affairs for TechAmerica. "Nevertheless, we did lose tech jobs in 2010, as did the vast majority of states. Colorado must continue to invest in math and science education to have a pipeline of qualified workers to attract technology companies to Colorado."
Nationally, the U.S. high-tech industry did lose 115,800 jobs in 2010, but still boasts 5.75 million workers. Showing an improving trend, this two percent decline was less than half of the 249,500 jobs lost in 2009 following several years of sustained growth. Software services added jobs in 2010 - 22,800, a gain of one percent.
TechAmerica Foundation also today released a midyear jobs report for 2011 based on a different monthly data set from the U.S. Bureau of Labor Statistics. This report shows that between January and June 2011, the tech industry added a net 115,000 jobs, a two percent gain, not adjusted for seasonality. During this time period, job growth occurred in all four technology industry sectors, with the fastest growth in engineering and tech services. A 12 month review of June 2010 in comparison with June 2011 also shows growth in three of the four tech industry sectors, with job losses occurring in communication services.
Cyberstates 2011 may be purchased for $150.
The 2011 midyear report may be freely downloaded. Both reports can be accessed at: www.techamericafoundation.org/cyberstates.
What Does High Tech Mean for Colorado?
- 157,000 high-tech workers in 2010 (14th ranked cyberstate)
- 5,300 jobs lost between 2009 and 2010
- High-tech firms employed 87 of every 1,000 private sector workers in 2010, ranked 3rd nationwide
- High-tech workers earned an average wage of $90,800 (8th ranked), or 96 percent more than Colorado's average private sector wage
- A high-tech payroll of $14.2 billion in 2010, ranked 12th nationwide
- 12,700 high-tech establishments in 2010, ranked 11th nationwide
Colorado's National Industry Sector Rankings:
- 7th in computer and peripheral equipment manufacturing employment with 4,700 jobs
- 9th in engineering services employment with 30,600 jobs
6th in software publishers employment with 10,900 jobs