Tech hiring helping spur revival in jobs market

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Tech hiring helping spur revival in jobs market

Rich Miller Monday, March 5, 2012
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A surge in technologyindustry hiring is helping to spearhead a jobs-market revival as demand swells for computer-software applications and data.

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Online help-wanted advertising for computer and mathematical occupations rose 2.1 percent in February from January to the second highest since the David Paul Morris / Bloomberg A pedestrian uses an iPhone outside the Apple Store in San Francisco. Conference Board began compiling The app economy is responsible for about 466,000 jobs in the United States. the data in 2005. Vacancies View Larger Image outnumbered job seekers by more than 3 to 1, according to the research GET QUOTE group. Postings on tech-career website Dice.com are 12 Enter Symbol GO percent higher than a year ago, with openings for workers Symbol Lookup skilled in mobile applications up more than 100 percent.
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"This feels like the beginning of another tech-driven jobs boom," said Michael Mandel, chief economic strategist at the Progressive Policy Institute in Washington.

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Government figures to be released Friday will show that payrolls grew by 210,000 in February, according to the median forecast of economists surveyed by Bloomberg News. If that estimate proves correct, job growth in the past three months will total 656,000, compared with 471,000 in the previous three months. The unemployment rate is projected to hold steady at a three-year low of 8.3 percent.

Some firms cut jobs

Even as conditions get better, some big technology companies are cutting jobs. Smaller businesses, though, are taking on workers as the app economy blossoms, with more than 500,000 software programs now written for Apple's iPhone alone, according to the company's website. The app economy is responsible for about 466,000 jobs in the United States, up from zero in 2007 when the iPhone was introduced, according to a study released last month that Mandel did for TechNet, a Washington group of executives that promotes technology issues. Apple said on its website that it has created or supported 514,000 U.S. jobs, including 210,000 tied to the app economy. The total, in a report for the corporation by consultants Analysis Group, also counts employment at companies that provide Apple with processors and glass, plus businesses that ship its products.
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Tech hiring helping spur revival in jobs market

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/03...
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A separate study released in January by economists Robert Shapiro and Kevin Hassett found that the shift from 2G to 3G Internet and wireless-network technologies led to the creation of more than 1.5 million positions from April 2007 to June 2011 in everything from construction to retail. "This looks like an unusually powerful jobs driver," said Shapiro, undersecretary of commerce under President Bill Clinton. "After all, it created 1.5 million jobs at a time when the economy was losing 5 million." Mandel said employment growth in the app economy may be topping out, albeit at a still "very fast" 45 percent year-over-year rate.

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'Great skills mismatch'

By 2018, the United States will need as many as 490,000 workers with "deep analytical" skills and an additional 1.5 million data-savvy managers, whether retrained or hired, according to a report last year by McKinsey Global Institute, the research unit of consultants McKinsey & Co. Supply might not be sufficient to fill all the positions, because "there is a great skills mismatch," said James Manyika, director in San Francisco of the institute. Even so, big data will lead to "quite phenomenal" productivity gains as companies make more and better use of the information they have, he said. Rich Miller is a Bloomberg writer. rmiller28@bloomberg.net
This article appeared on page D - 2 of the San Francisco Chronicle
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