RealTime IT News

Internet Boom to Create Thousands of New Jobs

[Berlin, GERMANY] This morning at 11:00 CET Minister M|ller is introducing his "Economic Report 2000" at the German Federal Ministry of Economic Affairs. This optimistic prognosis sees a situation in Germany similar to that in the USA, where the New Economy is set to develop in the medium term during a sustained period of national economic growth. The German news magazine "Der Spiegel" reported that this would result in a clear increase in job activity and a higher rate of economic productivity. Despite the bankruptcies in the B2C sector, M|ller reportedly believes that the Internet boom will directly create hundreds of thousands of new jobs.

In the information and communications industries, 750,000 new jobs are expected by the year 2010. This year already, the number of employees working in Neuer Markt (German high tech stock market) businesses has doubled, increasing by around 80,000. In addition to that figure, service and program suppliers for Internet businesses, that have not yet traded on this growth stocks exchange, spurred on the market again this year with approximately 60,000 new jobs.