HigherEdMorning.com » Will demand for college-trained workforce fall short?

Will demand for college-trained workforce fall short?

June 25, 2010 by Jacob Hawley
Posted in: Academics, In this week's e-newsletter, Jobs, Latest News & Views

When the jobs come back after the recession, there may not be enough qualified workers to fill them. Here’s why. 

A look to the future: by 2018, the economy will have fully recovered and there will be 46.8 million jobs – but there may not be enough qualified workers to fill them, says a new study by the Georgetown University Center on Education and the Workforce.

63% of the new jobs will require at least some college education, compared to 59% currently. This could translate into 3 million fewer college graduates than the market may demand.

The fastest growing industries include:

  • Information technology
  • Professional and business services
  • Finance
  • Health care, and
  • Public and private education.

On the other end of the spectrum, the increases in technology and automation has allowed for greater productivity with fewer workers, which will slow the growth of manufacturing and other industries where a college degree isn’t required.

How does your school plan to meet these increasing demands? Let us know in the comments section.

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