Top Banner
e Midwest Challenge: Matching Jobs with Education in the Post-Recession Economy Anthony P. Carnevale and Nicole Smith September 13, 2011
10

The Midwest Challenge: Matching Jobs with Education in the Post-Recession Economy

Apr 13, 2017

Download

Economy & Finance

CEW Georgetown
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: The Midwest Challenge: Matching Jobs with Education in the Post-Recession Economy

The Midwest Challenge: Matching Jobs with Education in the Post-Recession

Economy Anthony P. Carnevale and Nicole Smith

September 13, 2011

Page 2: The Midwest Challenge: Matching Jobs with Education in the Post-Recession Economy

Overview •  The Midwest was the hardest hit region during the

recession, primarily due to the region’s industrial composition.

•  Since the recession began in 2007, the Midwest lost 610,000 jobs in manufacturing, nearly a third (31 percent) of all manufacturing jobs lost during the recession nationally.

•  In spite of these job losses, 2 million job openings will be available in manufacturing nationally through 2018, mostly due to baby-boomer retirement.

Page 3: The Midwest Challenge: Matching Jobs with Education in the Post-Recession Economy

Manufacturing •  Manufacturing and agricultural employment in the

Midwest will continue to decline 4 and 1 percent respectively through 2018.

•  Although declining in employment terms, manufacturing is still growing tremendously in output.

•  Manufacturing productivity per worker was $300,000 in 2010, more than three times what it was in 1970.

Page 4: The Midwest Challenge: Matching Jobs with Education in the Post-Recession Economy

Job openings •  20 percent (10.2 million) of America’s job openings–

will be in the Midwest through 2018. •  Ohio and Michigan will have the largest proportion

of job openings. •  Minnesota and North Dakota will lead in terms of

the proportion of jobs requiring postsecondary education.

Page 5: The Midwest Challenge: Matching Jobs with Education in the Post-Recession Economy

Kansas, Illinois, and Iowa led job growth through 2018

Page 6: The Midwest Challenge: Matching Jobs with Education in the Post-Recession Economy

New jobs •  Midwestern states are no longer solely dependent on

manufacturing alone. •  New jobs in the region will be in high-skill service

industries such as education and healthcare. •  These new jobs will require at least some

postsecondary education and training beyond high school.

Page 7: The Midwest Challenge: Matching Jobs with Education in the Post-Recession Economy

The growth in demand for postsecondary education is on par with job growth

Page 8: The Midwest Challenge: Matching Jobs with Education in the Post-Recession Economy

Five Midwestern states will exceed the national average in the proportion of jobs requiring postsecondary

education and training by 2018

Page 9: The Midwest Challenge: Matching Jobs with Education in the Post-Recession Economy

Conclusion •  Minnesota, North Dakota, Nebraska, Illinois, and Kansas will

require 64 to 70 percent of workers to have postsecondary education by 2018.

•  Those averages exceed the national postsecondary education requirement average of 63 percent.

Page 10: The Midwest Challenge: Matching Jobs with Education in the Post-Recession Economy

For more information: See the full report at: cew.georgetown.edu/MidwestChallenge/  

Email Us | [email protected] Follow Us on Twitter | @GeorgetownCEW Find Us on Facebook | Facebook.com/GeorgetownCEW Follow Us on LinkedIn | linkedin.com/company/georgetowncew