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| Telecom Sector Not Rebounding Along With Economy by Jeremy at 4:39 am EST, Apr 4, 2002 | |||
Unlike other areas of the U.S. economy, the telecommunications sector continues to drag. More telecom jobs were cut in March than in any other sector except retail ... ... the telecom sector lost 21,831 jobs last month ... in 2001: 317.777 jobs, the highest one-year total by any industry [ever recorded]; In 2002: 85,522 layoffs in three months. "With the turmoil in the telecommunications industry, ... it would not be surprising to see monthly figures spike again in the coming months." "Certain industries will continue to struggle. Even with a full-blown recovery, job cuts could escalate ..." | |||
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