App Economy Continues to Grow

This morning’s employment report confirms that the App Economy continues to grow, while much of the rest of the economy stays week. The number of people working in computer and mathematical occupations is up by 7.5% over the past year, compared to a 1.1% gain for all other management and professional occupations. Take a look at this chart, which shows the change in employment in all management and professional occupations over the last year. Two things are striking here. First, computer and mathematical occupations are far outpacing all other management and professional occupations. Second, job growth in many management and professional occupations is actually negative over the past year.

The worst performance is found among life, physical and social scientists, a group which alas includes economists. But there is an awful lot of ‘red’ in this chart.

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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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