Thursday, March 19, 2015

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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

Cornell University

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]

http://www.esa.doc.gov/reports/importance-data-occupations-us-economy

or

http://www.esa.doc.gov/sites/default/files/the-importance-of-data-occupations-in-the-us-economy_0.pdf

[full-text, 20 pages]

 

Executive Summary

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

occupations.

 

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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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

 

 

 

 

 

 

 

 

 




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