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Posted by: Michael Mandel on June 03
This morning’s payroll report, while overall disappointing, shows a slight gain in info-related jobs, the fourth straight increase.
The number of broad info-related jobs rose by 6,000 in May. That includes tech-related manufacturing, telecom, broadcasting, software, internet-related industries, computer systems programming, electronics stores and electronic markets and brokers. Omitting electronic markets and other brokers, the gain came to less than 2,000.
Info-related jobs are up by 73,000 over a year ago—a pretty meager performance considering that the economy as a whole added almost 2 million jobs. Once again, omitting electronic markets and other brokers, the year over year gains were only 47,000.
More to come a bit later.
Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.