Jim Lynch: Off the Top of My Head…

Wow. My heart goes out to the folks that have lost their jobs. I wish I had a good solution to this problem. It just seems to get worse and worse, doesn’t it?

Researchers at the University of Illinois in Chicago have confirmed what many high-tech workers have long suspected: The job market for technology experts remains bleak, years after the U.S. recession officially ended in late 2001.

The nation’s information technology industry lost 403,300 jobs between March 2001, when the recession began, and April of this year, the researchers found.

Perhaps more surprising, just over half of those jobs – 206,300 – were lost after experts declared the recession over in November 2001.

In all, the researchers said, the job market for high-tech workers shrank by 18.8 percent, to 1,743,500, between March 2001 and April 2004.

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