Tech sector hiring increases

Tech sector hiring increases

While other industries were cutting jobs, the technology sector has continued to hire during the economic slump.

Among U.S. technology companies with a market value of more than $100 million, almost 50 increased employment by more than half in the most recently reported two-year period, according to data compiled by Bloomberg. Some small and mid-size businesses boosted payrolls by almost fivefold, underscoring the resilient demand for Internet services, software and electronics.
While the broader unemployment rate dropped to 8.5 percent in December, reaching a three-year low, few companies outside of technology have as voracious an appetite for workers. In the software and services industry, 74 companies with more than $100 million in market value expanded their workforce by at least 10 percent. That was more than any other industry group measured by Bloomberg.

Read more at Bloomberg.

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