California Business Minute™

Hi, I am Tim Johnson and welcome to the California Business Minute.

California remains the undisputed leader of the technology industry in the nation,
however, it did see a loss of jobs.

California’s high-tech industry lost 18,100 net jobs for an industry total of
931,000 in 2010.  Among sectors that did add tech jobs in 2010 were R&D and
testing labs (+6,500) and computer systems design and related services (+2,800
jobs).

However, California continued to lead the nation by most high-tech industry
metrics including employment, wages, payroll, and establishments.  California’s
tech workers had the highest average wage at $110,600, 119 percent more than the
state’s average private sector wage

What Does High Tech Mean for California?
•  931,000 high-tech workers in 2010 (1st ranked cyberstate)
•  18,100  jobs lost between 2009 and 2010, ranked 52nd nationwide
•  High-tech firms employed 78 of every 1,000 private sector workers in 2010, 
   ranked 7th nationwide
•  High-tech workers earned an average wage of $110,600 (1st ranked), or
   119 percent more than California’s average private sector wage
•  A high-tech payroll of $102.9 billion in 2010, ranked 1st nationwide
•  42,000 high-tech establishments in 2010, ranked 1st nationwide

California’s National Industry Sector Rankings:
•  1st in computer systems design and related services employment with 197,800 jobs
•  1st in internet and telecommunications services employment with 149,300 jobs
•  1st in R&D and testing labs employment with 134,700 jobs
•  1st in engineering services employment with 101,500 jobs

I am Tim Johnson and this has been the California Business Minute.