Internet Firms Have the Fastest 4-year Job Growth

Over the past four years, which U.S. industry has produced the fastest job growth? The internet publishing, search and social media industry—from giants such as Facebook and Google to startups such as Pinterest–has seen a 44% gain in domestic employment since 2008, far outpacing the rest of the economy.*

This fits in with the rapid growth of App Economy jobs, which totaled 519,000 in April 2012, up from nothing in 2007.

*(Based on 5-digit NAICS codes, as reported by the BLS, measured from July 2008 to July 2012. Calculated previous to the release of the September job report).

Added: The internet industry is NAICS code 51913. See here for a full list.

About Michael Mandel 126 Articles

Michael Mandel was BusinessWeek's chief economist from 1989-2009, where he helped direct the magazine's coverage of the domestic and global economies.

Since joining BusinessWeek in 1989, he has received multiple awards for his work, including being honored as one of the 100 top U.S. business journalists of the 20th century for his coverage of the New Economy. In 2006 Mandel was named "Best Economic Journalist" by the World Leadership Forum.

Mandel is the author of several books, including Rational Exuberance, The Coming Internet Depression, and The High Risk Society.

Mandel holds a Ph.D. in economics from Harvard University.

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