The results of a recent employment survey show signs that the US IT job market is stabilising.
Although employment levels in the high-tech industry fell every month from March 2001 to June this year, the declines levelled off in May and June, according to US newspaper the Mercury News.
High-tech trade association AeA, the American Electronics Association, which produced the Special Midyear 2002 Tech Employment Report, suggested that the bad news for IT employees may be starting to end.
The Association used figures from the US Bureau of Labor Statistics for high-tech employment from January 2001 to June 2002, but did not look at technology workers outside high-tech companies.
According to the report, although most parts of the high-tech industry saw staff reductions this year, software services and electro-medical equipment manufacturing showed job gains for the first six months of 2002.
The report indicated that high-tech employment appears to be stabilising nationally, but warned that Silicon Valley's recovery will take longer as many companies have imposed a freeze on hiring.
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