The Economic Imperative Where is the world of work going? The Center for Occupational Employment Information Presents:
Three Aspects of the Imperative The Labor Shortage The Skills Gap The Education Gap
Higher Learning – Higher Earning Source: Census Bureau: U.S. Population by educational attainment, 2004
Skill requirements are increasing Unskilled 60% Skilled 20% Professional 20% Skilled 65% Unskilled 15% Professional 20% 1950 1997 Source: National Summit on 21 st Century Skills for 21 st Century Jobs
While worker educational requirements are increasing, the educational attainment of the U.S. workforce is declining.
55-64 45-54 35-44 25-34 Source; Education at a Glance: OECD Indicators 2003 The U.S. is falling behind Percentage of the population with a postsecondary credential
Students Enrolled in Postsecondary (in thousands) Source: UNESCO, 2003 … and the gap is widening +92% 9.4 4.9 India +258% 13.6 3.8 China +15% 15.7 13.7 U.S. % Change 2000 1990
Where is the competitive advantage? Bachelor level engineering degrees -1999
*Source: Choose to Compete , Computer Systems Policy Project
If you look at India, China and Russia… even if you discount 90% of the people there as uneducated farmers… you still end up with about 300 million people who are educated. That is bigger than the entire U.S. workforce.
N.J. employment gains: short-term OJT Source: N.J. Department of Labor and Workforce Development, 2002 - 2012 7,600 Waiters and Waitresses 8,400 Nursing Aides, Orderlies, and Attendants 8,600 Teacher Assistants 8,800 Home Health Aides 9,200 Child Care Workers 9,200 Receptionists and Information Clerks 11,500 Combined Food Preparation & Serving Workers, Including Fast Food 11,800 Janitors and Cleaners, Except Maids and Housekeeping Cleaners 14,600 Retail Salespersons 14,600 Cashiers Change Occupation
N.J. employment gains: moderate OJT Source: N.J. Department of Labor and Workforce Development, 2002 - 2012 1,500 Sales Reps, Wholesale & Mfg., Technical & Scientific Products 1,900 Correctional Officers and Jailers 2,600 Construction Laborers 3,100 Sales and Related Workers, All Other 3,700 Dental Assistants 4,900 Social and Human Service Assistants 5,100 Truck Drivers, Heavy and Tractor-Trailer 5,600 Sales Reps, Wholesale & Mfg., Exc. Technical & Scientific 6,900 Medical Assistants 11,100 Customer Service Representatives Change Occupation
N.J. employment gains: long-term OJT Source: N.J. Department of Labor and Workforce Development, 2002 - 2012 1,100 Claims Adjusters, Examiners, and Investigators 1,200 Farmworkers and Laborers, Crop, Nursery, and Greenhouse 1,700 Cooks, Restaurant 1,800 Plumbers, Pipefitters, and Steamfitters 1,800 Photographers 2,300 Heating, Air Conditioning, and Refrigeration Mechanics and Installers 2,900 Maintenance and Repair Workers, General 3,000 Police and Sheriff's Patrol Officers 3,300 Carpenters 3,400 Electricians Change Occupation
N.J. employment gains: post-secondary Source: N.J. Department of Labor and Workforce Development, 2002 - 2012 700 Manicurists and Pedicurists 900 Massage Therapists 1,200 Legal Secretaries 1,200 Emergency Medical Technicians and Paramedics 1,500 Computer Specialists, All Other 2,000 Automotive Service Technicians and Mechanics 3,900 Hairdressers, Hairstylists, and Cosmetologists 4,200 Licensed Practical and Licensed Vocational Nurses 5,200 Fitness Trainers and Aerobics Instructors 6,800 Medical Secretaries Change Occupation
N.J. employment gains: associate’s degree Source: N.J. Department of Labor and Workforce Development, 2002 - 2012 600 Biological Technicians 600 Respiratory Therapists 800 Medical and Clinical Laboratory Technicians 900 Medical Records and Health Information Technicians 1,100 Paralegals and Legal Assistants 1,200 Veterinary Technologists and Technicians 1,400 Radiologic Technologists and Technicians 1,900 Dental Hygienists 4,100 Computer Support Specialists 20,800 Registered Nurses Change Occupation
N.J. employment gains: bachelor’s degree Source: N.J. Department of Labor and Workforce Development, 2002 - 2012 2,800 Special Education Teachers, Preschool and Elementary School 2,800 Network Systems and Data Communications Analysts 3,300 Computer Software Engineers, Systems Software 3,500 Elementary School Teachers, Except Special Education 4,200 Securities, Commodities, and Financial Services Sales Agents 4,900 Secondary School Teachers, Exc. Special and Vocational Education 5,100 Preschool Teachers, Except Special Education 5,400 Accountants and Auditors 5,500 Computer Systems Analysts 5,500 Computer Software Engineers, Applications Change Occupation
N.J. employment gains: master’s degree Source: N.J. Department of Labor and Workforce Development, 2002 - 2012 400 Health Educators 500 Substance Abuse and Behavioral Disorder Counselors 600 Speech-Language Pathologists 600 Mental Health Counselors 700 Educational, Vocational, and School Counselors 800 Instructional Coordinators 800 Clinical, Counseling, and School Psychologists 1,100 Mental Health and Substance Abuse Social Workers 1,400 Physical Therapists 2,700 Rehabilitation Counselors Change Occupation
Occupations whose workers are aging Source: Bureau of Labor Statistics 28.1 Environmental scientists and geoscientists 30.1 Social workers 32.3 Loan counselors and officers 32.4 Ushers, lobby attendants, and ticket takers 44.8 Bus drivers 13.9 All occupations Percent 55 and older Occupation
Manufacturing sector is projected to continue its downward trend, led by apparel manufacturing which will decline at rate of 4.9% per year.
Industry employment gains will be led by healthcare and social assistance, finance and insurance, and administrative and waste services. These will account for one of every two jobs created from 2002-2012.
The county has the highest concentration of office and administrative support workers in the State (21.7%) due to significant employment in the finance, insurance and real estate industries.