The Bay Area Council Economic Institute (BACEI) is out with a new report that integrates data from multiple sources, including the biennial Bureau of Labor Statistics (BLS) numbers we featured here several months ago, and presents a revealing county-by-county portrait illustrating where within the U.S. high-tech jobs are found. And the result is quite striking: it’s not just in Silicon Valley, but rather in communities all across the country where there have recently been increases of more than 10 percent in high-tech employment.
Here are some of the takeaways the BACEI highlighted in its report:
- Since the dot-com bust, jobs in the high-tech sector have performed better than for the private sector as a whole.
- A minimum of 61% of counties had at least some high-tech jobs in 2011 — data limitations prevent a truer and larger estimate because data are suppressed in sparsely populated counties to protect the identity of individual companies. Estimates for many counties are not available.
- Metro areas with the fastest growing high-tech jobs are geographically and economically diverse.
- In 2009, more than 72% of counties had at least one new business establishment in the high-tech sector.
- High-tech startups have held relatively steady during the economic downturn, even while new business establishments across the entire private sector have declined.
(Contributed by Erwin Gianchandani, CCC Director)