The Proportion of Jobs Requiring a Degree has Increased In 2002, 35% of jobs required a degree By 2020, 46% of jobs will require a degree By 2018, 63 percent of jobs will require a four-year college degree, an associate’s degree or a post-high school credential
Annual Supply and Demand is Mismatched (a.k.a. opportunities are being missed in Southwest Ohio) Note about Nursing: Industry changes are requiring bachelor degree RN’s, State & Regional demand met which could result in undersupply State & Regional demand not met Gaps > 100 are shown
Supply and Demand Example: Computer Science Regional Growth Rate State Growth Rate National Growth Rate
2010 County, State, NationEducational Attainment Comparison Percentage with “some college” may be an opportunity
Demand for High-Skilled Workforce is Up,the Gaps are Wide, while most LIYA (low income young adults) are MIA
What are we doing about it? Occupational Analysis helped shape Workforce Strategy in Advanced Manufacturing Regional job growth rate is 3% versus -2% for U.S.• Montgomery County investment in Composite Training was a boost to local companies and to the National Composite Center in Kettering.
Economic Development helped shape Workforce Strategy for Transportation and Logistics• Montgomery County works on expanding the transportation and logistics industry.• The County worked with higher ed toward a supply chain education pathway. o The region now has an associate’s degree that transfers into a bachelor’s program, to a master’s program. o The County now hosts Caterpillar and Payless Distribution Center. Combined, these two centers provide about 900 jobs in the region.
SummaryThe Trends:•Well-paying jobs require more education.•More advanced degrees = lower unemployment rates.The Challenges:•Many low income young adults are not graduating with degrees.•Career guidance used to be laid out by large employers; now it’sdone haphazardly.•In this fast-paced economy, it is hard for employers to forecast jobneeds and to give higher ed the lead-time to respond.Innovation:•Employer driven workforce development, in partnership withbusiness development professionals, pays dividends to the region.