The U.S. economy is on track to add jobs in the next several months.
The Bureau of Labor Statistics (BLS) reported Thursday that the country added an estimated 114,000 jobs in April.
In addition, the BLS said it added a record number of new jobs in May.
And it added 4,000 new jobs to the labor force in June.
But as many of these jobs go to low-wage workers, we are already seeing some workers left behind.
And as more people enter the workforce, we may see some more labor unrest.
So how do we ensure we are providing a strong, diverse and sustainable labor market for everyone?
This is the fourth installment of a series of articles on how we can build a robust labor market.
1.
What is the knowledge economy?
The information economy is a sector that encompasses the knowledge labor market and encompasses the social, economic, cultural and political sectors of the economy.
A key concept of the knowledge sector is that knowledge workers are the backbone of the economic system.
As a result, they are responsible for all aspects of the functioning of the nation’s economy.
These include: maintaining and maintaining economic production and employment, supporting the economy by providing a safe, secure, efficient and accessible source of knowledge and providing the goods and services that society needs to live.
2.
What jobs are on the horizon?
The knowledge economy is growing, and the number of jobs on the books continues to increase.
In fact, the labor market in the U..
S., as a whole, has increased by 8 percent since the start of the Great Recession in December 2009.
That is, there have been over 2 million jobs added since then, which is an increase of 5.8 percent.
The number of workers with a bachelor’s degree, and in general, higher education, has been increasing at an average rate of 1.9 percent.
3.
What types of jobs are there in the knowledge market?
The skills and talents of the workforce in the information economy are diverse and vary by field of knowledge.
However, the types of positions available in the market for knowledge workers vary widely across sectors.
In other words, a skilled information worker in a particular industry might have a different career path than a skilled computer programmer in another industry.
The types of knowledge jobs available to the knowledge worker include: software developers and maintainers, information technology analysts, data entry workers, data processing and information systems engineers, information and communication technology (ICT) specialists, data analysts, systems analysts, information systems designers and engineers, data and systems administrators, and system administration specialists.
The following is a listing of the jobs in this sector, along with the type of job offered: software development, data analysis, and information processing and data processing.
4.
Which sectors are most impacted by the knowledge revolution?
The most significant change that is occurring in the American economy is the shift from manual labor to digital technology, and from an old-fashioned way of life to an entirely digital society.
In this new world, we will have to adapt our social and economic structures and the way we do business.
The knowledge economy will have a major impact on the economic, social and cultural life of this country.
For example, the Internet has revolutionized our daily lives, and has created an economy that is changing the way people work, live and shop.
As more people and businesses use the Internet to connect with their clients and customers, businesses will need to adapt their work processes and practices to meet the demands of the changing demands for knowledge.
In many ways, the knowledge and skills that people in this economy need to work and learn will be more easily accessible to them if they have access to the Internet.
This will allow them to better manage and share information, to learn more and to develop better and more efficient business processes.
5.
How are these workers being left behind?
The jobs that are being lost are often in sectors that are traditionally underpaid.
The BLS reported that in April, there were 2.7 million jobs lost due to attrition.
Of these, 1.7 percent were in service occupations, and 9.5 percent were managerial and professional occupations.
In the service sector, the number fell by more than 2.4 million jobs, or 6.4 percent.
However a large share of these job losses are occurring in fields that are increasingly being replaced by technology.
For instance, there are currently 1.2 million jobs that were eliminated in retail trade.
In computer and software engineering, 1 million jobs were eliminated.
This is an area where people are becoming increasingly more self-sufficient and independent, and this trend is likely to continue as the economy continues to change.
For more information, see the Bureau of Economic Analysis (BEA) article: Are you a knowledge worker?
