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CTE Plays a Part in Economic Recovery Projections


June 26, 2013


CTE Plays a Part in Economic Recovery Projections

A slow but steady economic recovery is in the cards, projects the authors of a new report from the Georgetown University Center on Education and the Workforce, with 30 percent of job openings by 2020 requiring some college or an associate degree and fast growth in the STEM, health care and community services occupations.

Here are highlights of the findings shared in Recovery: Job Growth and Education Requirements Through 2020:

  • Through 2020, there will be 55 million job openings in the economy, 24 million openings from newly created jobs and 31 million openings through retirements.
  • 35 percent of the job openings will require at least a bachelor's degree, 30 percent will need some college or an associate degree and 36 percent will not require education beyond high school.
  • The fastest-growing occupations will be in STEM, health care professions, health care support and community services (this latter category includes jobs such as school counselor and social worker). These occupations, with the exception of health care support, will also have high concentrations of jobs requiring postsecondary education and training credentials.
  • The two largest occupations, sales and office support and blue collar (which includes a wide variety of jobs from agriculture to construction to machining), will grow slowly but will still account for many American jobs. The report also notes job growth in manufacturing sub-sectors such as durables and high-tech manufacturing.
  • Cognitive skills will rate more highly with employers than physical or manual skills. Skills such as active listening, speaking, reading comprehension and critical thinking are valued.

While the publication does not address education and training that prepares Americans for this recovery, you know that CTE helps youth and adults excel in the 21st-century economy through an emphasis on technical, academic and employability skills in high-wage, high-growth and high-demand occupations.

More details by occupation are included in the report, and a separate document reviews occupation, industry and educational attainment trends in each state.

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