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Facebook’s impact on U.S. economy

Faculty members of the Robert H. Smith School of Business at the University of Maryland, College Park have for the first time been able to quantify that the combination of Facebook and mobile technology applications has added at least 182,000 new jobs and contributed more than $12.19 billion in wages and benefits to the U.S. economy this year.

More than 53,000 new jobs have been created in software companies that make applications for the Facebook platform. Another 129,000 jobs are attributed to businesses that supply app developers. Apps include everything from productivity tools to popular games like “Farmville” that users interact with on Facebook.

For results of the study, go to www.rhsmith.umd.edu/digits.