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Rescue American Jobs
http://www.rescueamericanjobs.org/
thank the huricane season...
WASHINGTON (Reuters) - New U.S. jobs soared at the sharpest rate in seven months in October, the government reported on Friday, helped by a surge in construction activity as hurricane-battered areas in the Southeast were rebuilt.
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The high-tech sector is booming under President Bush
By JAMES K. GLASSMAN
The Labor Department just reported that the unemployment rate in the information-technology (IT) sector in the third quarter plummeted to just 3.4 percent — down from 6.2 percent in the first quarter. “Some 408,000 more Americans worked in IT this summer than . . . six months earlier,” says InformationWeek magazine. That’s a spectacular increase of 14 percent.

Today, 3.4 million Americans work in IT — precisely the same number as in the spring of 2000 when the tech bubble inflated to bursting. The difference between now and then is that jobs are rising in healthy fashion as demand for new computer and communications gear increases worldwide. We have finally worked the Clinton-era excesses out of the system, just as we have in the economy overall.

What’s remarkable about recent IT growth is that the work force is undergoing a dramatic realignment, with higher-paying jobs increasing at home. While fewer workers are employed in the United States today as computer programmers and analysts, many more are employed as managers and network and database administrators. That’s just the way trade is supposed to work in the model developed two centuries ago by Adam Smith and David Ricardo. Also last week, a new study for the Organization for International Investment by Matthew Slaughter, a highly regarded Dartmouth economist, found that “insourcing,” the hiring of Americans by U.S. subsidiaries of companies based abroad — many in the technology sector — has been rising. Such firms employed 5.4 million at last report, up from 2.6 million in 1987, and paid them 31 percent more than the U.S. average.