IN BRIEF : IT to generate 5.8 million new jobs by 2013

SAN FRANCISCO - Information technology will be an employment machine, generating 5.8 million new jobs in the coming four years, according to International Data Corporation (IDC) research released. IDC predicts that the IT industry will be an engine powering economies out of economic doldrums, creating more that 75,000 new businesses in the next four years and adding jobs at a rate of 3 percent annually. “Countries that foster innovation and invest in infrastructure, education and skills development for their citizens will have a major competitive advantage in the global marketplace,” said Microsoft chief executive Steve Ballmer. “In this fundamental economic reset, innovative technologies will play a vital role in driving productivity gains and enabling the creation of new local businesses and highly skilled jobs that fuel economic recovery and support sustainable economic growth.” US software colossus Microsoft sponsored the IDC research into the impact of IT in 52 countries that represent 98 percent of the global IT spending. “IT spending growth is a good sign as we come out of the recession,” Microsoft Corporate Affairs communications manager Scott Selby told AFP. Ends

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IN BRIEF : IT to generate 5.8 million new jobs by 2013