Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Help Wanted: Projections of Jobs and Education Requirements Through 2018

This landmark report shows where the jobs will be, by education level, occupation and industry through 2018, and how postsecondary education is increasingly essential to middle class earnings.

  • Be the first to comment

Help Wanted: Projections of Jobs and Education Requirements Through 2018

  1. 1. Help Wanted: Projections of Jobs and Education Requirements Through 2018 Anthony P. Carnevale, Nicole Smith, and Jeff Strohl June 15, 2010
  2. 2. Overview •  Forecasting shows there will be a growing disconnect between types of job openings and number of Americans qualified for those jobs. •  Student’s choice of major is as important as the decision to get a Bachelor’s degree. •  The economic value of 171 college majors is linked to future earnings potential.
  3. 3. Forecast •  Education is increasingly essential to middle class earnings. •  The education level of workers determines which occupations and industries will be most available through 2018.
  4. 4. College Economy •  New jobs forecast millions of workers will be left behind due to jobs requiring workers with postsecondary education. •  By 2018, 63 percent of all jobs will require at least some postsecondary education.
  5. 5. Jobs •  Employers will need 22 million new workers with postsecondary degrees, and the United States will fall short by 3 million workers. •  Employers will need 4.7 million workers with postsecondary certificates.
  6. 6. Con’t. •  In 2018, 75 percent to 90 percent of the following jobs will require postsecondary degrees and comprise 40 percent of all jobs: –  Information Services –  Private Education Services –  Government and Public Education Services –  Financial Services –  Professional and Business Services –  Healthcare Services
  7. 7. Middle Class •  Postsecondary education and training determine access to the middle class. •  People with only a high school diploma or less are falling out of the middle class.
  8. 8. Con’t. •  In 1970, only 26 percent of the middle class completed postsecondary education.Today, 61 percent need it.
  9. 9. Upper Class •  In 1970, only 44% of the upper class completed postsecondary education.Today, 81% have postsecondary education.
  10. 10. Conclusion •  Today’s career pathways are in occupations, not in industries. •  The occupation you prepare for matters more than your education level; 27 percent of people with certificates and 31 percent of people with A.A. degrees earn more than the average B.A. holder.
  11. 11. For more information: See the full report at: Email Us | Follow Us on Twitter | @GeorgetownCEW Find Us on Facebook | Follow Us on LinkedIn |