The IT industry lost 403,300 jobs from the start of the recession in March 2001 to April 2004, with nearly half of those jobs disappearing after the recession’s official end, according to a new study by Center for Urban Economic Development at the University of Illinois at Chicago. The report said 200,300 IT jobs were lost after November 2001 and found steep job losses in the San Francisco, Boston and San Jose regions.
IT industry employment in the San Francisco region dropped 49% between March 2001 and April 2004 to 28,000. During the same period, IT employment in the Boston region fell 34% to 46,900, and industry employment in the San Jose area declined 33% to 61,900. In the Dallas region, the IT industry shed 30% of its jobs to 39,300, and the Chicago metropolitan area lost 26% of its IT industry jobs to 47,000. In the Washington state region that includes Seattle, IT industry employment slipped 11% to 52,800.