Posted by: Michael Mandel on January 06
The government came out with its latest labor market numbers this morning. Since I seem to be the only economics writer who actually cares about the tech sector, I decided to do the calculation again. I’m using a slightly different presentation which offers more perspective.
|year/year change in nonsupervisory weekly earnings|
|three month average ending|
|Nov. 04||Feb. 05||"May ‘05"||Aug. 05||Nov. 05|
|Web search portals/isps||-7.8%||-0.5%||3.7%||5.2%||9.9%|
|Computer system design||1.9%||5.9%||5.4%||4.6%||6.8%|
These numbers tell me that there is a strong acceleration of labor earnings in telecom and web search portals (the Google effect, of course); a decent acceleration in computer systems design, which is a proxy for programming; and a bouncy pattern in software publishing. Still, the year over year earnings growth in software publishing is 5.6%, still better than the 3.9% for the whole workforce.
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