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Abstract:
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The first year of the COVID-19 pandemic saw historic levels of decline in the labor market for new jobs, but these declines did not affect sectors of the US economy equally. While the overall US job market declined by 14.6% during the first year of the pandemic, demand for many analytics skills decreased at lower rates or even increased. For example, the number of jobs requesting skill in statistics decreased by 9.8%, in data analysis by 9.7%, but the demand for skill in data science increased by 8.3%, in machine learning by 11%, and in biostatistics by 62% (Source: economicmodeling.com). Further, as of March 2021, the overall US labor market has rebounded and exceeded pre-pandemic levels by 28%, but demand for analytics skills has grown even faster. Compared to pre-pandemic levels, the number of statistics jobs has increased by 33%, data analysis jobs by 34%, data science by 65%, machine learning by 67%, and biostatistics by 88%. This presentation will discuss trends in jobs desiring analytics skills from the beginning of the pandemic and will provide suggestions for skill development and employment among current analytics job seekers.
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