State of IT in the first quarter of 2008

San Francisco Fed recently published some hi-tech related stats and I find some of the data interesting.

Full data is here: http://www.frbsf.org/publications/economics/et/index.pdf

I don’t know why many of the major news sources didn’t comment on the data.

Summary: Computer Hardware and Software shipments is slowing down, job market growth in IT sector in this Western region is slightly positive in Services and slightly negative in IT Manufacturing, and Industrial production of IT industries in the last quarter seems to have dropped sharply, though I suspect this drop is seasonal.