The National Journal reports that job losses in the high tech industry were significantly lower last year than those compared to the overall economy and that job creation numbers from broadband powered fields are leading the economic recovery.

This year’s annual TechAmerica Cyberstates report finds the technology industry continues to employ some 5.86 million workers. "The one bright spot was software services," said TechAmerica Foundation Research Director Josh James. He added that software services actually created 10,100 jobs in the fourth quarter of last year.

In addition to creating more jobs, broadband technology is creating better paying jobs as well. According to the survey, the average salary in the tech industry is $84,400, compared to $45,400 for the average private sector job.

TechAmerica President Phil Bond said more could be done to unleash the job creating power of technology, including extending and enhancing the research and development tax credit and improving broadband deployment. . "It has to be enhanced otherwise the default is to outsource innovation around the world," Bond said. Read the rest of the story here.