A massive new report from Georgetown University’s Center on Education and the Workforce (CEW), an EMSI partner, concludes that jobs requiring an advanced level of education will far outpace workers qualified for those positions through 2018.
The report, Help Wanted: Projections of Jobs and Education Requirements Through 2018, was officially released this morning, though early results came out in December. Already the New York Times, Wall Street Journal, Huffington Post, Inside Higher Ed, and others have profiled the “landmark” report.
According to the report’s authors, Anthony P. Carnevale, Nicole Smith, and Jeff Strohl, “The future of employment in the United States boils down to this: success will require higher education, in one form or another.” Their analysis showed that by 2018, 63% of job openings will require at least some education.
While 40% of the workforce in 1970 was made up of high school graduates, that number was 30% in 2007 and is projected to be 28% in 2018.
From Part 2 of the report:
By 2018, the economy will create 46.8 million openings—13.8 million brand-new jobs and 33 million “re- placement jobs,” positions vacated by workers who have retired or permanently left their occupations. Nearly two-thirds of these 46.8 million jobs—some 63 percent—will require workers with at least some college education. About 33 percent will require a Bachelor’s degree or better, while 30 percent will require some college or a two-year Associate’s degree. Only 36 percent will require workers with just a high school diploma or less.
This growth in demand for postsecondary education dovetails with two major trends. First, the fastest-growing industries— such as computer and data processing services—require workers with disproportionately higher education levels. Second, over time, occupations as a whole are steadily requiring more education.