IT Sector Booms During Downturn

According to a new OECD report, Internet firms continue to drive growth and job creation in the IT industry, with fast-rising demand for mobile services helping to boost revenue and investment in research and development.

The OECD Internet Economy Outlook 2012 says that the top 250 ICT firms, ranked by revenue, boosted employment by 4% in 2010 and 6% in 2011. Hiring grew fastest among Internet firms who increased employment by 29% in 2011, largely driven by and Google adding 50% more employees between 2010 and 2011.

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