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Of those who went to another industry, most went to professional and technical services (7.4 percent) or administrative and waste resource management² (6.8 percent). Between 1999 and resource 2002, these workers filed 28,768 claims for unemployment insurance. By 2002, a third had seen their wages increase by more than 50 percent, a third saw a change of less than 50 percent, and a third saw a decline of more than 50 percent or disappeared from covered employment. ¹Covered employment refers to employment covered by unemployment insurance in Washington State.²This sector resource includes temporary help firms.The Boom of the 1990sThe high tech bubble began to burst in late 2000 and early 2001. The spectacular gains in employment and earnings in some high tech industries seemed to disappear quickly. From 1990 to its peak employment year of 2001, employment in the information industry grew by 93.2 |
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