Jeremy Hitchcock presenting at the December 7, 2018 NHCUC (New Hampshire College and University Council) breakfast for Forum on the Future. Attending were Congresswoman Ann Kuster and Congressman-Elect Chris Pappas. Workforce, labor stats, and unemployment numbers from Ross Gittell and the Community College System.

1. 65x25
Achieving Economic Prosperity Through
Post-Secondary Education
65 by 25 is the goal that 65% of NH adults (those 25 and over) will have
some form of post-secondary education, from certificates to advanced
degrees, by 2025. Achieving this goal moves NH much closer to the
targets cited in national research and will position NH to support a
strong future economy.

2. Tale of Two Forces
Reasons to be happy 
- Unemployment is 2.1% (3rd)
- Per Capita is Avg/High (17th)
(expensive homes and pay tax)
- Businesses are hiring (for now)
- Potential to hit 65x25
Reasons to be sad 
- USNH and CCSNH capture 4,000/yr
- Number of HS students declining
- “Two” (rural/urban) NHs
- Labor supply mismatch

3. NH Relative to 65 percent target
Some college, no degree
Associate degree
2%
Bachelor’s degree
2016
Graduate or professional degree
High school graduate or equivalent
9th - 12th grade, no diploma
Less than 9th grade
Excluding certificates,
in 2016 New
Hampshire had 47%
of residents with
credentials of
economic value,
though 6% of “some
college, no degree”
likely represents
certificates attainment
CCSNH non-
completers likely
represent majority of
this group
Source: https://www.nhes.nh.gov/elmi/products/documents/middle-ed-publication.pdf
NHES: 2018-03-15 Labor Force and Wages by Age and Education

4. NH Residents with an Associate Degree have significantly lower
unemployment rates and higher income than those w/o
-68%
NH Labor Force Statistics
Unemployment Rate
2017 Annual Avg
Bachelors+ HS GradAssociate Some College, no Degree Less than HS Grad
NHES: 2018-03-15 Labor Force and Wages by Age and Education
+32%
NH Labor Force Statistics
Weekly Wages
2017 Annual Avg

5. 65x25 Progress Numerically
356,160 80,640 235,200
Credential Gap The 35%

6. Job Postings and Job Seekers Gap
Workforce Size Unemployment Job seekers Job openings
Graduate or professional degree 94,080 1.9%
5,531 9,522Bachelor's degree 154,560 1.9%
Associate degree 67,200 1.2%
Some college, no degree 127,680 2.9%
13,380 6,132High school graduate or equivalent 181,440 3.7%
Less than 12th grade or less 47,040 6.3%

7. Job Postings and Job Seekers Gap
- 2,500 5,000 7,500 10,000 12,500 15,000
Some College or Less
65x25
Have Need

8. Billion Dollar Problem
- Today’s 65x25 job shortage is 4,000 jobs (1 year of NH freshmen starts)
- Wage increase averages 32% -- $50mm of GDP (ed cost $25-50mm)
- 80,000 workers upskilling in workforce is $900mm of GDP
- Hard to impact “cost” of not having those workers (loss of business)

9. What you can do TODAY!
- Take an internship (I’ll personally help you out)
- Build an apprentice program (many grants available)
- Encourage every job opening to reduce their requirements, OBT
- Upskill your workers, don’t look for unicorns
- Invest in a workforce pipeline
- Help small businesses hire one more employee (GS 10k)