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Help Wanted: Projections of Jobs and Education Requirements Through 2018

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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.

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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: cew.georgetown.edu/helpwanted Email Us | cewgeorgetown@georgetown.edu Follow Us on Twitter | @GeorgetownCEW Find Us on Facebook | Facebook.com/GeorgetownCEW Follow Us on LinkedIn | linkedin.com/company/georgetowncew

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