Wednesday, May 2, 2012

Education Requirements According to DOL

According to Bureau of Labor Statistics...

"Although unskilled work is disappearing, low skilled work is not.  More than 45% of all jobs are those that require at least a high school diploma and up to three months of training that can be learned on the job.  Many low wage/low skill service jobs are in this group.

28% of all jobs are in the fastest growing job sector that requires two years or less of education after high school.  The occupations in this sector often pay middle and upper income earnings and require specialized education such as an associate degree, a national skill certification, or a structured apprenticeship program.

Only 26% of all jobs require a 4 year college degree or higher.  This is about the same percentage of college graduates that was demanded in 1950—but unlike today, college graduates were in short supply at that time."

How do these labor market requirements compare with the career choices of our young workers?  How does this impact the choices made by workers in transition? 

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