News & Analysis
Chip sector adding jobs faster than overall U.S. economy
Dylan McGrath
11/2/2012 2:22 PM EDT
SAN FRANCISCO—The U.S. semiconductor industry has added jobs three times faster than the rest of the U.S. economy over the past year, according to the Semiconductor Industry Association (SIA) trade group.
Direct U.S. semiconductor industry employment now stands at an estimated 244,800, according to an analysis of government data performed by the SIA.
"Semiconductor workers—a quarter of a million strong and growing—are creating the technology breakthroughs that improve our lives, strengthen our country and build our future," said Brian Toohey, SIA president and CEO, in a statement. "Through their hard work, the U.S. semiconductor industry continues to create jobs and spur growth despite a challenging national economy."
The SIA's analysis comes just days after another organization, TechAmerica Foundation, said the broader U.S. high tech industry added nearly 100,000 jobs from January to June, a modest but steady 1.7 percent employment gain
According to the U.S. Bureau of Labor Statistics (BLS), the semiconductor industry’s manufacturing workforce grew by 3.7 percent over the past year. In comparison, jobs throughout the broader U.S. economy increased by 1.2 percent over the same time period, the SIA said.
Total semiconductor employment data is based on the number of semiconductor employees in the U.S. manufacturing sector as reported by BLS, plus an estimate for the number of semiconductor workers employed by semiconductor fabless firms, which BLS currently counts in the wholesale trade sector, SIA said. More detailed information is available on the SIA’s website.
"Semiconductor job growth is an encouraging sign for our industry and the U.S. economy," Toohey said. "With effective government policies that encourage growth and remove barriers to innovation, the semiconductor industry will continue to drive America’s economic strength, national security and global competitiveness."
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Direct U.S. semiconductor industry employment now stands at an estimated 244,800, according to an analysis of government data performed by the SIA.
"Semiconductor workers—a quarter of a million strong and growing—are creating the technology breakthroughs that improve our lives, strengthen our country and build our future," said Brian Toohey, SIA president and CEO, in a statement. "Through their hard work, the U.S. semiconductor industry continues to create jobs and spur growth despite a challenging national economy."
The SIA's analysis comes just days after another organization, TechAmerica Foundation, said the broader U.S. high tech industry added nearly 100,000 jobs from January to June, a modest but steady 1.7 percent employment gain
According to the U.S. Bureau of Labor Statistics (BLS), the semiconductor industry’s manufacturing workforce grew by 3.7 percent over the past year. In comparison, jobs throughout the broader U.S. economy increased by 1.2 percent over the same time period, the SIA said.
Total semiconductor employment data is based on the number of semiconductor employees in the U.S. manufacturing sector as reported by BLS, plus an estimate for the number of semiconductor workers employed by semiconductor fabless firms, which BLS currently counts in the wholesale trade sector, SIA said. More detailed information is available on the SIA’s website.
"Semiconductor job growth is an encouraging sign for our industry and the U.S. economy," Toohey said. "With effective government policies that encourage growth and remove barriers to innovation, the semiconductor industry will continue to drive America’s economic strength, national security and global competitiveness."
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- Yoshida in China: Which candidate can save U.S. jobs?
- Rebuilding America: Really? Have we given up?
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resistion
11/3/2012 10:43 AM EDT
More discouragement for US than encouragement for chips.
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