Tech for Hire: Data Science-Related Jobs Signal Economic Growth

The Gross Domestic Product (GDP) of a certain country can be a window to a massive amount of information, as many assumptions can be made regarding economical, educational and technological aspects of said country with this value. However, a formal definition of said correlation is not always known in certain topics, such as technological advancements and job offer disponibility. In this study, we aim to compare technology-related job offers such as Data Scientist and Artificial Intelligence (AI) designer on various cities in the US with their respective GDP. To this aim, we collect data from the Indeed website about said job offers in different US cities, as well as their respective GDP values retrieved from the US Bureau of Economic Analysis (BEA) platform. Next we define a correlation matrix between job offers and GDP by metropolitan area, as well as implement a temporal analysis on the amount of said offers. Our results show an high increase in job offers on Machine Leaning (ML) compared to other jobs skills, in addition to establishing a strong positive correlation between Business Intelligence (BI), Data Analytics (DA) and Internet of Things (IoT) skills looked for in a metropolitan area with the GDP of said area.