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Expand chart
Data: Cognizant; Chart: Will Chase/Axios

While digitally enabled "jobs of the future" are still below their pre-pandemic level, new data suggests they are on the way back.

The big picture: The U.S. labor market is recovering faster than expected thanks to a so-far successful vaccination program and massive stimulus spending. Future-focused jobs suffered even more during the pandemic than employment as a whole, but the category is set to take off later this year.

By the numbers: The consulting firm Cognizant this morning released the first-quarter numbers for its Jobs of the Future Index, which tracks growth in new jobs in the digital and automated economy.

  • The 28.8% quarter-on-quarter increase of the index marked its greatest gain ever over the past two years.
  • All eight of the job families within the index experienced growth in the first quarter of 2021, with Fitness and Wellness (+137.8%) and the Transport (+38%) sectors emerging as the top performers.

What they're saying: "We've rebuilt the essential job class, and now companies are beginning to think strategically about the jobs of the future," says Robert Brown, vice president at Cognizant's Center for the Future of Work.

  • That doesn't automatically mean tech jobs.
  • The biggest single gainer by far was Caregiver/Personal Care Aide, a reminder that hands-on care will be a growing job category for an aging population in the future, now that vaccines have made in-home visits safe again.

The catch: Even with strong first-quarter growth, the index still posted a year-on-year decline of 22.2%.

  • And as Kevin Roose reported in the New York Times today, many workers in tech and other white-collar fields may take advantage of the disruption of the pandemic to rethink work altogether.

Go deeper

Updated Jul 29, 2021 - Economy & Business

U.S. economy grew at a 6.5% rate last quarter, missing expectations

Contractors work on a home under construction. (Photo: Micah Green/Bloomberg via Getty Images)

The U.S. economy grew at an annualized 6.5% rate last quarter, the government said Thursday — slower than the 8.4% economists expected.

Why it matters: It came as the economy made strides toward further reopening, vaccinations rolled out and government stimulus bolstered spending. But supply crunches held the pace of growth back.

27 mins ago - Health

NYC to impose vaccine mandate on private employers

New York City Mayor Bill de Blasio (D) announced a new COVID vaccine mandate for private companies during a Monday interview with MSNBC's "Morning Joe."

Why it matters: De Blasio said it was a "first-in-the-nation measure" and will go into effect starting Dec. 27.

D.C.-Beijing tensions are shifting markets

Illustration: Aïda Amer/Axios

U.S. markets stand to lose $2 trillion in value if D.C. and Beijing drift further apart.

Why it matters: Political chasms are showing up in new securities regulations that put companies and investors in a bind. The rules are also another reflection of how much relations between the world’s largest economies have cooled, even as they remain economically interdependent.