Recovery: Job Growth and Education Requirements Through 2020

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Recovery: Job Growth and Education Requirements Through 2020: Projections of jobs and education requirements through 2020. This report shows where the jobs will be by education level, occupation and industry. Recovery 2020 is an update to our Help Wanted: Projections of Jobs and Education Requirements Through 2018.

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Recovery: Job Growth and Education Requirements Through 2020

  1. Recovery: Job Growth and Education Requirements Through 2020 By: Anthony P. Carnevale, Nicole Smith, Jeff Strohl June 26, 2013
  2. Educational demand for employment has grown; we expect that trend to continue.
  3. •  24 million of these jobs (43%) will be entirely new positions. •  31 million (56%) will be due to baby boom retirement.   The US Economy Is Expected To Create 55 Million Job Openings By 2020
  4. Who Will Be Hiring? •  STEM (Science,Technology, Engineering and Math) •  Healthcare Professions •  Healthcare Support •  Community Services
  5. Healthcare, Community Services & STEM Are The Three Fastest Growing Occupational Clusters
  6. •  Healthcare •  STEM •  Blue collar •  Education •  Managerial & professional office •  Sales & office support •  Food & personal services •  Social Sciences •  Community services & arts Recovery 2020: Occupational Clusters
  7. By 2020, 65 Percent of All Jobs Will Require Postsecondary Education •  Applicants will need to have some form of post-secondary education: –  Bachelor’s Degree or beyond –  Some college/AA degree –  Certificate or certification in a field •  For most jobs, securing a high school education will not be enough to qualify for employment
  8. There Will Be Fewer Jobs Available For Individuals That Only Possess a High School Diploma
  9. Even The Fastest Growing Fields Will Require High Postsecondary Education •  STEM, healthcare professions, healthcare support, and community services will all require high levels of education in order to compete for a position. •  Healthcare support will not have the same high demand for postsecondary education. –  Healthcare support careers, however, will have lower wage growth.
  10. The Fastest Growing Occupations Require High Levels of Postsecondary Education
  11. •  Recovery 2020 confirms cognitive skills are highly sought after by employers. •  Physically intensive skills are less important. •  Forty-eight percent of jobs require high levels of active listening. •  Other skills most coveted by employers: –  Leadership –  Communication –  Analytics –  Administration What Skills Will Get You Hired?
  12. Intensity of Skills Use Across Careers
  13. Recovery 2020 By State •  The report also gauges each state’s position compared to the national average; •  Compares the educational composition of jobs in the base year (2010) to the forecast year (2020); •  Shows where the jobs will be by state, education level and occupations for 25 detailed occupational categories in 2020; •  Twenty-seven states will be at or above the 65 percent proportion of jobs that will require postsecondary education beyond HS in 2020. •  The highest proportion of BA jobs and graduate jobs will be concentrated in northeastern states. •  Jobs for HS graduates or dropouts will be concentrated in the southern states.
  14. Almost all states currently have average attainment levels below those required for the jobs of the futureFigure 6:Almost all states have current average attainment levels below those required for the jobs of the future. DC 71% Minnesota 69% North Dakota 69% Colorado 68% New Hampshire 68% Washington 68% Kansas 67% Massachussets 66% Connecticut 65% Oregon 65% Utah 64% Maryland 64% Nebraska 64% Virginia 63% Montana 63% Wisconsin 62% Illinois 62% Hawaii 62% South Dakota 62% Alaska 62% New Jersey 62% Michigan 61% NewYork 61% Vermont 61% Florida 61% Idaho 61% Arizona 60% Iowa 60% Rhode Island 60% California 60% National 60% Shortage(2020)* Wisconsin 62% Illinois 62% Hawaii 62% South Dakota 62% Alaska 62% New Jersey 62% Michigan 61% NewYork 61% Vermont 61% Florida 61% Idaho 61% Arizona 60% Iowa 60% Rhode Island 60% California 60% National 60% Georgia 59% New Mexico 59% Maine 59% Missour 59% Wyoming 58% North Carolina 58% Oklahoma 57% Nevada 55% South Carolina 55% Delaware 55% Pensylvania 55% Texas 55% Mississippi 55% Indiana 54% Ohio 54% Kentuky 54% Alabama 53% Tennessee 53% Louisiana 53% West Virginia 46% Arkansas 50% 0% 10% 20% 30% 40% 50% 60% 70%
  15. Shortage(2020)* Current Attainment (2020) Illinois 62% Hawaii 62% South Dakota 62% Alaska 62% New Jersey 62% Michigan 61% NewYork 61% Vermont 61% Florida 61% Idaho 61% Arizona 60% Iowa 60% Rhode Island 60% California 60% National 60% Georgia 59% New Mexico 59% Maine 59% Missour 59% Wyoming 58% North Carolina 58% Oklahoma 57% Nevada 55% South Carolina 55% Delaware 55% Pensylvania 55% Texas 55% Mississippi 55% Indiana 54% Ohio 54% Kentuky 54% Alabama 53% Tennessee 53% Louisiana 53% West Virginia 46% Arkansas 50% 0% 10% 20% 30% 40% 50% 60% 70%
  16. RECOVERY 2020 in Summary •  Most jobs will require applicants to have postsecondary education and training beyond high school. •  More jobs will be available as baby boomers begin to retire. •  The fastest growing fields will be in STEM, healthcare professions, healthcare support, and community services. •  Employers will be looking for cognitive skills such as active listening, ability to communicate well, and critical thinking. •  Despite the existing variation between states’ educational attainment, nearly all states will need to boost their rates of postsecondary education
  17. For more information: 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 See the full report at: cew.georgetown.edu/recovery2020/  

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