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Help Wanted:
Projections of Jobs and Education Requirements
Through 2018
Anthony P. Carnevale, Nicole Smith, and Jeff Strohl
June 15, 2010
Overview
•  Forecasting shows there will be a growing disconnect
between types of job openings and number of
Americans qualified for those jobs.
•  Student’s choice of major is as important as the
decision to get a Bachelor’s degree.
•  The economic value of 171 college majors is linked to
future earnings potential.
Forecast
•  Education is increasingly essential to middle class
earnings.
•  The education level of workers determines which
occupations and industries will be most available
through 2018.
College Economy
•  New jobs forecast millions of workers will be left behind due to
jobs requiring workers with postsecondary education.
•  By 2018, 63 percent of all jobs will require at least some
postsecondary education.
Jobs
•  Employers will need 22 million new workers with
postsecondary degrees, and the United States will fall short by
3 million workers.
•  Employers will need 4.7 million workers with postsecondary
certificates.
Con’t.
•  In 2018, 75 percent to 90 percent of the following
jobs will require postsecondary degrees and comprise
40 percent of all jobs:
–  Information Services
–  Private Education Services
–  Government and Public Education Services
–  Financial Services
–  Professional and Business Services
–  Healthcare Services
Middle Class
•  Postsecondary education and training determine access to the
middle class.
•  People with only a high school diploma or less are falling out of
the middle class.
Con’t.
•  In 1970, only 26 percent of the middle class completed
postsecondary education.Today, 61 percent need it.
Upper Class
•  In 1970, only 44% of the upper class completed
postsecondary education.Today, 81% have
postsecondary education.
Conclusion
•  Today’s career pathways are in occupations, not in
industries.
•  The occupation you prepare for matters more than
your education level; 27 percent of people with
certificates and 31 percent of people with A.A.
degrees earn more than the average B.A. holder.
For more information:
See the full report at: cew.georgetown.edu/helpwanted
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

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Help Wanted: Projections of Jobs and Education Requirements Through 2018

  • 1. Help Wanted: Projections of Jobs and Education Requirements Through 2018 Anthony P. Carnevale, Nicole Smith, and Jeff Strohl June 15, 2010
  • 2. Overview •  Forecasting shows there will be a growing disconnect between types of job openings and number of Americans qualified for those jobs. •  Student’s choice of major is as important as the decision to get a Bachelor’s degree. •  The economic value of 171 college majors is linked to future earnings potential.
  • 3. Forecast •  Education is increasingly essential to middle class earnings. •  The education level of workers determines which occupations and industries will be most available through 2018.
  • 4. College Economy •  New jobs forecast millions of workers will be left behind due to jobs requiring workers with postsecondary education. •  By 2018, 63 percent of all jobs will require at least some postsecondary education.
  • 5. Jobs •  Employers will need 22 million new workers with postsecondary degrees, and the United States will fall short by 3 million workers. •  Employers will need 4.7 million workers with postsecondary certificates.
  • 6. Con’t. •  In 2018, 75 percent to 90 percent of the following jobs will require postsecondary degrees and comprise 40 percent of all jobs: –  Information Services –  Private Education Services –  Government and Public Education Services –  Financial Services –  Professional and Business Services –  Healthcare Services
  • 7. Middle Class •  Postsecondary education and training determine access to the middle class. •  People with only a high school diploma or less are falling out of the middle class.
  • 8. Con’t. •  In 1970, only 26 percent of the middle class completed postsecondary education.Today, 61 percent need it.
  • 9. Upper Class •  In 1970, only 44% of the upper class completed postsecondary education.Today, 81% have postsecondary education.
  • 10. Conclusion •  Today’s career pathways are in occupations, not in industries. •  The occupation you prepare for matters more than your education level; 27 percent of people with certificates and 31 percent of people with A.A. degrees earn more than the average B.A. holder.
  • 11. For more information: See the full report at: cew.georgetown.edu/helpwanted 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