What Recession? Region’s IT Economy is Booming

The U.S. economy’s seeming slide toward recession hasn’t affected high-tech hiring in the Massachusetts region, the Boston Globe‘s Robert Weisman is reporting this morning. That parallels what we learned back in December, when we wrote about the out-and-out talent crunch many local high-tech firms are confronting, especially when it comes to hiring experienced software engineers.

Weisman cites figures from the state’s Executive Office of Labor and Workforce Development showing that Massachusetts gained 8,400 professional, scientific, and technical jobs in 2007, along with 2,100 jobs in scientific R&D and 800 jobs in information technology, while at the same time losing 2,600 manufacturing jobs and 3,300 construction jobs.

At SeaChange International, the Acton, MA-based video-on-demand company that we recently highlighted as part of our story on Greater Boston’s Internet video cluster, there are 75 job openings, Weisman reports. “It’s a very competitive job market for software engineers,” Laura Watson, the company’s senior director of human resources, told him. “Most of the people who come in here have offers in a few days.”

Of course, the growth in the IT sector could suddenly stop, as it did in mid-2000 with the collapse of the first Internet bubble. But so far, worldwide demand for software that brings greater efficiency to business or cheaper, more easily accessible forms of communication and entertainment to consumers seems to be bouying up the region’s information-technology economy. Hiring managers told us in December that the competition for qualified engineers is greater than at any time since the Internet boom days of 1999. “This is a great time for very talented people to wake up and look around,” said Jason Gasdick, interim vice president of talent at Web-based physician community Sermo.

Author: Wade Roush

Between 2007 and 2014, I was a staff editor for Xconomy in Boston and San Francisco. Since 2008 I've been writing a weekly opinion/review column called VOX: The Voice of Xperience. (From 2008 to 2013 the column was known as World Wide Wade.) I've been writing about science and technology professionally since 1994. Before joining Xconomy in 2007, I was a staff member at MIT’s Technology Review from 2001 to 2006, serving as senior editor, San Francisco bureau chief, and executive editor of TechnologyReview.com. Before that, I was the Boston bureau reporter for Science, managing editor of supercomputing publications at NASA Ames Research Center, and Web editor at e-book pioneer NuvoMedia. I have a B.A. in the history of science from Harvard College and a PhD in the history and social study of science and technology from MIT. I've published articles in Science, Technology Review, IEEE Spectrum, Encyclopaedia Brittanica, Technology and Culture, Alaska Airlines Magazine, and World Business, and I've been a guest of NPR, CNN, CNBC, NECN, WGBH and the PBS NewsHour. I'm a frequent conference participant and enjoy opportunities to moderate panel discussions and on-stage chats. My personal site: waderoush.com My social media coordinates: Twitter: @wroush Facebook: facebook.com/wade.roush LinkedIn: linkedin.com/in/waderoush Google+ : google.com/+WadeRoush YouTube: youtube.com/wroush1967 Flickr: flickr.com/photos/wroush/ Pinterest: pinterest.com/waderoush/