Biosciences Defy US Jobs Slump as Research Labs Hire

Job growth in biosciences is defying the slump in employment as a reliance by drugmakers on outside research labs helped support the industry through the past decade. Biosciences added 96,000 jobs from 2001 through 2010, a jump of 6.4 percent, the Biotechnology Industry Organization and research firm Battelle said in report last week during an industry convention in Boston. The U.S. economy lost about 3.6 million private-sector jobs in that time, a decline of about 3 percent, according to data compiled by Bloomberg.

MORE ON THIS TOPIC