Tuesday, September 14, 2004

Writing On The Wall

From the Tribune:

Chicago lost a quarter of its technical jobs in the last three years, according to a University of Illinois at Chicago report. And most of them were lost after experts declared the recession over in November 2001.

UIC's Center for Urban Economic Development analyzed data from the U.S. Bureau of Labor Statistics, which last April counted 47,000 jobs in the Chicago area, compared with 63,400 in March 2001 and 57,200 the following November.

The unemployment rate among Chicago area information technology workers was 3.8 percent in 2002, twice the rate during the technology boom three years earlier, the study said.

Remember, those unemployment numbers don't include all the IT people who have abandoned the field entirely (such as those who have become freelance copywriters or art supply/framing shop owners). Actually, this is just the news that I need right now, something that says, "Don't look back."

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