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Computer industry

U.S. Electronics and Information Technology Industry Sees Significant Job Growth in 1994

Strategic Insights

— 1 min read

The U.S. electronics and information technology industry experienced significant job growth in 1994, with a total increase of 111,000 domestic employment positions. This growth was reported by the American Electronics Association (AEA) in March 1995. The industry's December 1994 employment figure stood at 2.433 million, a 4.8% increase from the 2.322 million reported for December 1993. This marked a significant milestone for the industry, which has been a major driver of job creation in the United States for over three decades.

Key Takeaways:

  • The U.S. electronics and information technology industry added 111,000 domestic employment positions in 1994.
  • The December 1994 employment figure was 4.8% higher than the 2.322 million reported for December 1993.
  • Employment in all but two industry sectors increased in 1994, with Computer Programming Services, Prepackaged Software, and Systems Design showing double-digit job increases.
  • The American Electronics Association (AEA) is the largest technology trade group in the United States, representing more than 3,000 companies.
  • The industry has been a consistent driver of job creation in the United States, with high-quality job growth persisting for over three decades.
  • William T. Archey, AEA president and chief executive officer, emphasized the significance of the industry's job growth to the overall economy.
  • Employment in Computer Programming Services, Prepackaged Software, and Systems Design increased significantly, with this sector showing double-digit job growth.

Statistics:

  • 2.433 million: The December 1994 employment figure in the U.S. electronics and information technology industry.
  • 4.8%: The increase in employment from December 1993 to December 1994.
  • 111,000: The total domestic employment position increase in the industry in 1994.
  • 2.322 million: The December 1993 employment figure in the industry.
  • 2.422 million: The November 1994 employment figure, which was 11,000 less than the December 1994 total.

Sources:

  • "Domestic employment in the U.S. electronics and information technology industry grew by 111,000 in 1994..." - American Electronics Association (AEA) press release (no date specified)
  • "For more than 50 years AEA has been the accepted voice of the U.S. electronics and information technology industry." - Business Wire press release (March 21, 1995)
  • "The American Electronics Association is the largest technology trade group in the United States, representing more than 3,000 companies." - Business Wire press release (March 21, 1995)

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