Is Technology Bottoming?

Is the technology sector about ready to turnaround, or has it at least hit bottom?

The Department of Labor says that technology related-employment actually rose by 7,400 in July, after several months of declines. Granted, 7,400 jobs isn't a lot for the entire country, but that sure beats the 247,000 jobs that were lost overall, and one of the first really positive bottoming-out signs seen yet, at least in the employment arena, which tends to be a lagging economic indicator.

To date, most of the euphoria about the economy bottoming has been about things getting less bad, as opposed to seeing actual positive numbers (like increased retail sales or increased hiring). So, to see the technology sector actually increasing employment is a huge plus.

Of course, one month does not make a trend, but this at least indicates that a bottom is near or here, at least in technology.

If you work in the technology sector, have you seen any positive changes? Let us hear from you about what you're seeing.