MN Tech. Job Losses Outpaced Nation’s in 2010
Minnesota's 2010 job losses in the technology sector slightly outpaced the national decline, according to a report by Washington D.C.-based TechAmerica Foundation.
In its annual Cyberstates study, TechAmerica reported that Minnesota's high-tech industry lost 2,900 jobs in 2010, representing a 2.3 percent decline in jobs since 2009.
Nationally, the industry lost 115,800 jobs in 2010, representing a 2 percent decline and an improvement from the 249,500 jobs lost in 2009, the study found.
In terms of the number of people employed within the sector, Minnesota ranked 17th in the nation-with 120,800 tech workers. The study reported 7,900 high-tech establishments in the state and a total payroll of $9.6 billion for the state's high-tech industry.
In 2010, high-tech workers in Minnesota earned an average wage of $79,200-74 percent higher than the state's average private-sector wage, according to the report.
Meanwhile, Minnesota ranked second in the nation for electromedical equipment manufacturing employment with 13,400 jobs. It ranked sixth for computer and peripheral equipment manufacturing employment with 9,600 jobs, and eighth in electronic components manufacturing employment with 6,900 jobs.
Nationally, the high-tech industry as a whole hired 5.75 million workers in 2010, according to the report. States that showed significant high-tech employment growth last year include California, Texas, New York, and Virginia.