Arizona's High-Tech Industry Posts Second Worst Job Decline Nationally; Semiconductor Manufacturing Sector Still Third Largest.Business Editors/High-Tech Writers SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Nov. 19, 2003 Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W). suffered the second sharpest decline in high-tech jobs nationwide. Its technology employment base fell by 15 percent, or by 19,000 jobs, between 2001 and 2002. By 2002, Arizona's high-tech employment totaled 109,000, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Cyberstates 2003: A State-by-State Overview of the High-Technology Industry, a new analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. report released today by AeA. In fact, Arizona's most important technology sector, semiconductor manufacturing, lost nearly 7,000 jobs between 2001 and 2002, yet remains the third largest nationally with 28,000 jobs. Semiconductors also help to make Arizona the sixth ranked state by high-tech exports. Arizona exported $6 billion in high-tech goods in 2002, accounting for more than half of all exports from the state. The decline in venture capital investments has not helped the technology industry. Last year, venture capital investments in Arizona totaled $209 million, down 23 percent from 2001. "AeA's Cyberstates report shows that Arizona has been hit particularly hard by the recent technology slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. , led by semiconductor manufacturing," said Cory Miller, Executive Director, AeA Arizona Council. "The technology industry is still a very important component of the Arizona economy. High tech accounts for 58 of every 1,000 private sector jobs, and Arizona's semiconductor industry remains the third largest in the nation." Nationally, Cyberstates 2003 shows that high-tech employment fell by 540,000 jobs, dropping to 6 million in 2002. However, using preliminary data, we estimate that the tech industry will lose 234,000 jobs in 2003. For the first time, Cyberstates 2003 is based on the newly implemented North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Industry Classification System (NAICS NAICS North American Industry Classification System ). This more current and comprehensive system allows us to capture several sectors, which we could not with the previous system. These include fiber optic cable Noun 1. fiber optic cable - a cable made of optical fibers that can transmit large amounts of information at the speed of light fibre optic cable transmission line, cable, line - a conductor for transmitting electrical or optical signals or electric power manufacturers, semiconductor machinery manufacturers, and web search portals. Consequently, the data presented in this report are not comparable in any way to previous editions of Cyberstates. AeA is the nation's largest high-tech trade association. Founded in 1943, AeA utilizes an extensive international network of offices to serve its members though advocacy, training, research and business services. www.aeanet.org |
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