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Colorado's High-Tech Employment Base Drops 13% in 2002; State Still Ranks 1st in Concentration of High-Tech Workers.


Business Editors/High-Tech Writers

BROOMFIELD Broomfield can be:

In the United Kingdom:
  • Broomfield, Essex
  • Broomfield, Kent
  • Broomfield, Somerset
  • Broomfield Hospital in Essex
  • Broomfield House in Enfield, North London, and the surrounding Broomfield Park
In the United States:
, Colo.--(BUSINESS WIRE)--Nov. 19, 2003

Colorado's ranking among states with high-tech industries dropped today in a report released by AeA. The state lost 27,000 high-tech jobs or 13% between 2001 and 2002. By 2002, Colorado's high-tech employment totaled 178,000, 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.

Colorado still ranks first nationwide in its ratio of high-tech workers to total private sector workers. In 2002, 98 of every 1,000 private sector workers were employed by high-tech firms.

"The figures in AeA's Cyberstates report do not come as a surprise. It's no secret that 2002 was not a good year for high-tech employment," said Jim Kennedy, vice chair of AeA Mountain States The Mountain States (also known as the Mountain West) form one of the nine geographic divisions of the United States that are officially recognized by the United States Census Bureau.  Council Board and president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of XEL XEL New Carlisle, Quebec, Canada - New Carlisle / via Rail Service (Airport Code)  Communications, based in Aurora Aurora, cities, United States
Aurora (ərôr`ə, ô–).

1 City (1990 pop. 222,103), Adams and Arapahoe counties, N central Colo., a growing suburb on the east side of Denver; inc. 1903.
. "However, what we are hearing now from many of our members in Colorado is that in the latter part of 2003, people are beginning to hire. My company, for example, has seen a 43% increase in the number of employees since this time last year."

The drop in tech workers also changed Colorado's national ranking from the 10th largest state by high-tech jobs in 2001 to the 12th in 2002.

High-tech workers in Colorado are some of the highest paid in the state. The average high-tech wage in Colorado was $69,000 in 2001, the 9th highest nationally and 81 percent higher than the state's average private sector wage. Its high wages, in part, are due to key technology sectors that have made Colorado their home. For instance, Colorado has the 5th largest software publishers industry with 16,000 employees.

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.

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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Publication:Business Wire
Date:Nov 19, 2003
Words:351
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