Ultimate Web Site Drop Down Menu Forum - Electrical Engineer Unemployment Soars; Software Developers' Rate Drops to 2.2%

dcblogs writes "The unemployment rate for people at the heart of many tech innovations — electrical engineers — soared in the first quarter of this year to 6.5%. That's nearly double the unemployment rate from last year. The reasons for the spike aren't clear, but the IEEE-USA says the increase is alarming. At the same time, U.S. Labor Dept. data showed that jobs for software developers are on the rise. The unemployment rate for software engineers was 2.2% in the first quarter, down from 2.8% last year. This professional group warns that unemployment rates for engineers could get worse if H-1B visas are increased. The increase in engineering unemployment comes at the same time demand for H-1B visas is up."