After the Storm
If the U.S. is going to have a recovery that not only brings the economy back to where it was but also ensures a more equitable future, it is crucial to understand what jobs and skills are likely to drive the recovery. In After the Storm: The Jobs and Skills that will Drive the Post-Pandemic Recovery, Emsi Burning Glass (now Lightcast) uses our database of more than 1 billion current and historical job postings, along with the best available expert views, to anticipate what jobs will be most important in the post-pandemic labor market. Some key findings from the report include:
We project these roles will account for 15.5 million to 18 million new jobs created over the next five years.
These jobs represent significant fractions of the labor market: currently 13% of demand and 10% of employment, but in addition they are important inflection points for the economy. A shortage of talent in these fields could set back broader recovery if organizations can’t cope with these demands.
Jobs in these new “economies” are projected to grow at almost double the rate of the job market overall (15% vs. 8%).
In the European and English-speaking non-US countries Burning Glass analyzed, there were almost 34,000 job openings looking for real-time 3D skills in 2019, and demand for real-time skills in 2019 has multiplied by as much as 30 times in Singapore, and has grown at almost twice the pace of the US demand for graphic 3D skills.
Demand for 3D graphics and real-time 3D skills is outpacing overall job market growth in the non-US English-speaking nations studied. The market for these is growing more than 10% faster than the overall job market and over 50% faster than that of the average information technology skill.