The US economy is expected to create 55 million job openings by 2020 as baby boomers retire and new positions are created. Most of the fastest growing fields - STEM, healthcare, and community services - will require postsecondary education. By 2020, 65% of all jobs will require education beyond high school like bachelor's degrees, associate degrees, or certificates. While a high school diploma alone will no longer provide sufficient qualifications, specific technical or healthcare support careers may not demand as much postsecondary education. States will need to boost rates of citizens achieving education past high school to meet future workforce needs.
3. • 24 million of these jobs
(43%) will be entirely new
positions.
• 31 million (56%) will be
due to baby boom
retirement.
The US Economy Is Expected
To Create 55 Million Job Openings
By 2020
4. Who Will Be Hiring?
STEM (Science, Technology,
Engineering and Math)
Healthcare Professions
Healthcare Support
Community Services
6. Healthcare
STEM
Blue collar
Education
Managerial &
professional office
Sales & office support
Food & personal
services
Social Sciences
Community services &
arts
Recovery 2020: Occupational Clusters
7. By 2020, 65 Percent of
All Jobs Will Require
Postsecondary Education
Applicants will need to have some form of post-
secondary education:
Bachelor’s Degree or beyond
Some college/AA degree
Certificate or certification in a field
For most jobs, securing a high school education will not
be enough to qualify for employment
8. There Will Be
Fewer Jobs
Available For
Individuals
That Only
Possess a
High School
Diploma
9. Even The Fastest Growing Fields Will
Require High Postsecondary Education
STEM, healthcare professions, healthcare support,
and community services will all require high levels of
education in order to compete for a position.
Healthcare support will not have the same high
demand for postsecondary education.
Healthcare support careers, however, will have lower wage
growth.
11. Recovery 2020 confirms cognitive skills are
highly sought after by employers.
Physically intensive skills are less important.
Forty-eight percent of jobs require high levels of
active listening.
Other skills most coveted by employers:
Leadership
Communication
Analytics
Administration
What Skills Will Get You Hired?
13. Recovery 2020 By State
The report also gauges each state’s position compared to the
national average;
Compares the educational composition of jobs in the base year
(2010) to the forecast year (2020);
Shows where the jobs will be by state, education level and
occupations for 25 detailed occupational categories in 2020;
Twenty-seven states will be at or above the 65 percent proportion of
jobs that will require postsecondary education beyond HS in 2020.
The highest proportion of BA jobs and graduate jobs will be
concentrated in northeastern states.
Jobs for HS graduates or dropouts will be concentrated in the
southern states.
14. Almost all states currently have average attainment
levels below those required for the jobs of the future
15.
16. RECOVERY 2020 in Summary
Most jobs will require applicants to have postsecondary
education and training beyond high school.
More jobs will be available as baby boomers begin to retire.
The fastest growing fields will be in STEM, healthcare
professions, healthcare support, and community services.
Employers will be looking for cognitive skills such as active
listening, ability to communicate well, and critical thinking.
Despite the existing variation between states’ educational
attainment, nearly all states will need to boost their rates of
postsecondary education
17. Georgetown University
Center on Education and the Workforce
Full Report, Executive Summary and State Analysis Available:
http://cew.georgetown.edu/recovery2020/
Questions?
cewgeorgetown@georgetown.edu
For Media Inquiries:
ap672@georgetown.edu
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