Life after high tech
- The high-tech sector experienced a sharp decline in 2001 after leading economic growth during the 1990s. Nationally, the permanent layoff rate in this sector jumped from 2.1% in 2000 to 5.3% in 2001.
- Among the major high-tech centres, Ottawa-Gatineau registered the largest increase in its high-tech permanent layoff rate, from 2.2% in 2000 to 10.9% in 2001.
- Among high-tech workers who were laid off in 2001, average annual earnings declined from $50,200 in 2000 to $37,800 in 2002. Two years after layoff, average earnings were still well below their pre-layoff level ($42,300 in 2003).
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Marc Frenette is with the Business and Labour Market Analysis Division. He can be reached at 613-951-4228 or email@example.com.
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