Market News

LOS ALTOS, CA – Aggressive deficit spending, record-low interest rates, consumer subsidies and inventory rebuilding gradually lifted world GDP from a 6.5% annualized rate of contraction during the fourth quarter of 2008 to a strong 4.9% expansion during the first quarter of 2010. However, the impact of those expansive measures has gradually worn off, says Henderson Ventures.

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STAMFORD, CT – The semiconductor market rallied in 2010, with worldwide revenue reaching a landmark $300.3 billion in 2010, up 31.5% year-over-year, says Gartner.

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TEMPE, AZ – Economic growth in the US will continue in 2011, says ISM. Expectations are for a continuation of the economic recovery that began in mid-2009.

The manufacturing sector continues to outpace the non-manufacturing sector and has greater expectations for growth in terms of revenue, the firm says.

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SAN JOSE -- The 90-day moving average of worldwide semiconductor sales in October was flat sequentially but rose nearly 20% year-over-year, the Semiconductor Industry Association today reported.

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STAMFORD, CT — Worldwide PC shipments are on pace to rise 14.3% increase year-over-year, according a revised forecast by Gartner.

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MILWAUKEE – The overall average salary for US full-time quality professionals is now $85,289, up 2.2% year-over-year and 5.2% compared to 2008, according to an ASQ survey. 

Demand for quality management is surging, the firm says. Survey results show respondents’ salaries increase as their experience in the quality field increases. Quality professionals with more than 20 years of experience earned an average of $94,756. Professionals with 10 to 20 years of experience earned an average $86,993. Those with 10 or fewer years of experience earned an average $71,129.

Quality managers with more than 20 years of quality experience earn, on average, $4,000 more than managers with 10 to 20 years experience, says ASQ. These managers (20+ years) also earn over $12,000 more than managers with 10 or fewer years of quality experience.

Only 3.1% of respondents said they were unemployed, retired or laid off compared to 4.9% in 2009. More 2010 respondents also reported their companies didn’t have to make moves such as furloughs, layoffs or hiring freezes to weather the sputtering economy.

This year, 59% of survey respondents reported they have one or more ASQ certifications, and 25% said they hold two or more ASQ certifications.

Managers who are ASQ Certified Managers of Quality/Organizational Excellence reported they earn a higher average salary than their counterparts without this certification. In the US, the difference is $7,938. In Canada, the difference is $3,274.

Those in the US with Master Black Belt training earned a premium of more than $20,000 compared to those who stopped at Black Belt training.

A total of 5,348 responses were received this year, with the vast majority coming from the US and Canada.

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