A New jobs forecast predicts that millions of workers are at risk of being left behind.
WASHINGTON, D.C. – A new, highly detailed forecast shows that as the economy struggles to recover, and jobs slowly return, there will be a growing disconnect between the types of jobs employers need to fill and numbers of Americans who have the education and training to fill those jobs.
The report, Help Wanted: Projecting Jobs and Education Requirements Through 2018, by the Georgetown University Center on Education and the Workforce, forecasts that by 2018, 63 percent of all jobs will require at least some postsecondary education. Employers will need 22 million new workers with postsecondary degrees – and the report shows that we will fall short by three million workers without a dramatic change in course. This translates into a deficit of 300,000 college graduates every year between now and 2018.
“America needs more workers with college degrees, certificates and industry certifications,” said Anthony P. Carnevale, the Center’s director. “If we don’t address this need now, millions of jobs could go offshore.”
The Center’s study is the first to help Americans connect the dots between employment opportunity and specific education and training choices. The report projects job creation and education requirements through most of the next decade, showing job growth by industry and occupation nationally, and with state-by-state forecasts.
Substantial gains in employment will not occur until 2011. It will take until 2015 for job creation to catch up to where it would have been before the massive recession losses. In 2018, America will need more college-educated workers than it will have.
- Employers will need 22 million new workers with AA’s, BA’s or better – and we will fall 3 million short.
- In addition, employers will need 4.7 million workers with postsecondary certificates.
The fastest growing six industries and five occupations will require the highest levels of education, with the exception of sales support and health care support. In 2018, 75-90 percent of jobs in the following industries: Information Services; Private Education Services; Government and Public Education Services; Financial Services; Professional and Business Services and Healthcare Services will require postsecondary education or training. These industries will provide 40 percent of all jobs in 2018. About 90 percent of the jobs in four of the five fastest growing occupational clusters require postsecondary education. They are Healthcare Professional and Technical Occupations, STEM Occupations, Community Services and Arts Occupations and Education Occupations.
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Source: Georgetown University Center on Education and the Workforce
Photo: Georgetown University