MicroE is the sub-specialty that deals with IC production. EE has its own problems but there is far more opportunity than working in the shrinking number of fabs.
Most electronic design work is done outside of the US so the opportunities are still limited. You can become trapped in a job or unemployable if you have specialized in something that isn't in demand. Most regions have few concentrations of employers that you can shift between so changing jobs usually means moving. The economic realities of making things and the limited labor competition suppresses salaries.