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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.
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.