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 weak. 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.