App Economy as an economic development driver? PPI report raises questions
Even employing a “conservative estimate of spillover jobs”, the Progressive Policy Institute’s updated report on employment related to the App Economy works out to just over one job per published application. Total January 2022 employment reported in PPI’s U.S. App Economy Update, 2022, was estimated at 2.564 million jobs. While up 1.7 percent from the August 2020 update, the figure is only nominally higher than the cited 2.1 million apps launched in 2021 alone.
US industries and states show uneven recovery from Covid-19
The 2020 pandemic was unique when it came to changes in the labor market. Unlike in previous recessions, most layoffs from the pandemic were temporary. While employment is back to pre-pandemic levels, the recovery has been uneven across states and industries, leaving some states still with a deficit while others have grown past 2019 levels.