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[IWS] ESA: THE IMPORTANCE OF DATA OCCUPATIONS IN THE U.S. ECONOMY [13 March 2015]
IWS Documented News Service
Institute for Workplace Studies-----------------Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor--------------------Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
NOTE: Funding for this service ends on 31 March 2015. Postings will end on this date as well.
United State Department of Commerce
Economics & Statistics Administration (ESA)
THE IMPORTANCE OF DATA OCCUPATIONS IN THE U.S. ECONOMY [13 March 2015]
[full-text, 20 pages]
The growing importance of data in the economy is hard to
dispute. But what does this mean for workers and jobs? A lot, as
it turns out: higher paying (over $40/hour), faster growing jobs.
In this report we identify occupations where data analysis and
processing are central to the work performed and measure the
size of employment and earnings in these occupations, as well as
in the industries that have the highest concentration of these data
Key findings of the report include:
• Employment where data is central to the job was about 10.3
million in 2013 (of which 1.6 million were government
workers), or about 7.8 percent of all employment. However,
including occupations where working with data is at least an
important part of the job dramatically increases that number:
to 74.3 million jobs, or over half of the workforce.
• Hourly wages for private-sector workers in data occupations,
which are concentrated in the broad categories of business
and computer/mathematical occupations, averaged $40.30 in
2013, about 68 percent higher for all occupations.
• For these top data occupations, two-thirds or more of the
workers have at least a college degree; in comparison about
one-third of workers across all occupations have a bachelor’s
degree or higher.
• Private sector industries with the highest concentration of
data occupations added 1.8 million jobs over the last decade,
representing about 31 percent of total private job growth
which was four times faster than in private industries overall.
• Data intensive industries are located in many states, but the
highest concentrations are in Washington, D.C.; Virginia;
Massachusetts; Maryland; and Connecticut.
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