A PERFECT STORM Hits Job Markets Across the Country Whole-Community Approach Needed to Weather the Storm
Jan 11, 2016
A PERFECT STORMHits Job Markets Across the Country
Whole-Community ApproachNeeded to Weather the Storm
Storm Warnings
1 Great Recession
2 Aging Population
4 Unprepared Workforce
3 Upskilling of Jobs
Dependency Ratio
Aging Population
3 Upskilling of Jobs
Rick Miner, PhD, 2010, People Without Jobs, Jobs Without PeopleRick Miner, PhD, 2010, People Without Jobs, Jobs Without People
Upskilling of Jobs
MILWAUKEE (May 29, 2012)
ManpowerGroup today released the results of its seventh-annual Talent Shortage Survey, revealing 49 percent of U.S. employers are experiencing difficulty filling mission-critical positions within their organizations … despite continued high unemployment.
Upskilling of Jobs
MILWAUKEE (May 29, 2012)
The top 10 hardest jobs to fill in 2012 include:
1. Skilled Trades 6. Drivers2. Engineers 7. Mechanics3. IT Staff 8. Nurses4. Sales Representatives 9. Machinists5. Accounting & Finance Staff 10. Teachers
Manpowergroup 9th Annual Global Survey, May 2012
Youth Unemployment
New & Changing Jobs
• Best time ever to imagine career prospects• Nano-mechanic• Old age wellness manager• Memory augmentation surgeon• Weather modification police• Waste data handler• Social networking worker• Personal brander/communications advisor• Stem cell bank manager
Adam Gordon, August 2009, Jobs of the Future, Science and Technology Enabled Employment 2020-2030
4 Unprepared Workforce
Talent Pipeline
Leaking Pipeline
National HS graduation rate 75% Trends in U.S. High School Dropout and Completion Rates 1972-2009 - October 2011 National Center for Education Statistics, U.S. Department of Education
60% of HS grads (45%) register immediately for post-secondary programs Fewer than two out of three American high school students (fewer still among minorities) enter postsecondary education immediately following graduation – National Center for Education Statistics
50% of post-secondary students dropout National Center for Education Statistics (2009)
End of Pipeline
Of 100 students in the educational pipeline inGrade 9:
• 23 will graduate on schedule with post-secondary degree, diploma, certificate
• 53% of college graduates from the classes of 2006-2010 are employed full-time. (U.S. Youth Chamber of Commerce, 2012)
• 50% or more will be “mal-employed” (Statistics Canada and Human Resources & Skills Development Canada)
Most graduates and drop-outs carry student loan debt with uncertain employment prospects and unclear career goals
“Over the past third of a century all net job growthhas been generated by positions requiring some
post-secondary education.”Pathways to Prosperity, 2011, Harvard Graduate School of Education
• 29% of those who start 2-year degrees finish them within 3 years• 78% of attendees at private for profit postsecondary schools fail to get
a diploma after 6 years• Among 18 countries tracked by OECD the U.S. finished last (46%) for
college completion
“Over the past third of a century all net job growthhas been generated by positions requiring some
post-secondary education.”Pathways to Prosperity, 2011, Harvard Graduate School of Education
“Only 14% of undergrads enroll in STEM subjects.Only 2 in 5 will graduate with a STEM degree orcertification within 6 years. We must do better.”
President Obama, June 2011
Economic Impact
What if half (650,000) of the 1.3 million dropouts fromthe class of 2010 had graduated?
• $5.3 billion in increased earnings, stimulating• $4.2 billion in increased spending, resulting in• $12 billion in increased home sales, and• $609 million in auto sales, with• 37,700 new jobs created, adding• $6.7 billion in increased gross national product, and• $499 million in increased state tax revenue (Statistics Canada and Human Resources & Skills Development Canada) Source: Janet Wall, Is Education the Economy Fix?, NCDA Career Developments,Summer 2012 – Citing The Alliance for Excellent Education – www.all4ed.org
Economic Impact
What if 60% of the 650,000 who would have dropped outwent on to acquire post-secondary qualifications?
• $8.8 billion in increased earnings, stimulating• $6.4 billion in increased spending, resulting in• $22 billion in increased home sales, and• $840 million in auto sales, with• 63,000 new jobs created, adding• $11 billion in increased gross national product, and• $825 million in increased state tax revenue (Statistics Canada and Human Resources & Skills Development Canada) Source: Janet Wall, Is Education the Economy Fix?, NCDA Career Developments,Summer 2012 – Citing The Alliance for Excellent Education – www.all4ed.org
The Perfect Storm makes a harmonized, whole-community commitment to career and workforce
development an economic imperative.
Whole-community means ALL students, educators, parents, employers, community agencies.
Benefits of Career Development
Career development makes a positive impact on:
• Retention• Achievement• Transition• Life Success
Sports Analogy
• Potential future sports stars are discovered young
• Most others: educational maze
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