Techno-News Blog Ray Schroeder, editor, OTEL - University of Illinois at Springfield |
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Technology News for Higher Education Times and Dates Coordinated Universal Time
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Monday, August 20, 2001
http://www.latimes.com/technology/la-000067565aug20.story?coll=la%2Dheadlines%2Dtechnology Slim Job Market Shocks Engineers By KAREN ALEXANDER, TIMES STAFF WRITER .... Forget lavish stock options and cool benefits. A growing number of engineers are simply looking for a steady paycheck. Even though the jobless rate for the nation's 2 million-plus engineers remains exceedingly low--2% in the second quarter--that's double a year ago, according to the Bureau of Labor Statistics. And by most indications, the unemployment figure is likely to creep higher in the coming months. Massive layoffs at technology firms this year focused on manufacturing, sales, marketing and administration. But as telecommunications, semiconductors and other businesses have begun making second and sometimes third rounds of cuts, they are reaching into every department, including engineering....
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