President Obama's Council of Economic Advisers chaired by Christina Romer released a report on outlining how the U.S. labor market is expected to grow over the next few years. The report includes information on likely shifts and changes in the labor market, skills and training that will likely be most relevant in growing occupations, the importance of worker flexibility, and how the construction and manufacturing sectors are expected to rebound as a result of the Recovery Act. Excerpts below:
"Well-trained and highly-skilled workers will be best positioned to secure high-wage jobs, thereby fueling American prosperity. Occupations requiring higher educational attainment are projected to grow much faster than those with lower education requirements, with the fastest growth among occupations that require an associate's degree or a post-secondary vocational award. Key attributes of a well-trained workforce as well as elements of an effective education and training system are detailed below……
Worker flexibility is key given the dynamic nature of the U.S. labor market and ongoing technological change. In 2003, for example, a quarter of American workers were in jobs that were not even listed among the Census Bureau's Occupation codes in 1967, and technological change has only accelerated since then. Environmental-related occupations – which are expected to experience tremendous growth over the next decade – did not exist in comparable data prior to 2000. As we build a new foundation for economic growth in the 21st century, the nation's workers will be better prepared for ever-changing opportunities if they have strong analytical and interpersonal skills. High-quality education and training is the best way to prepare the workers of today for the jobs of tomorrow."
To download report: "Jobs of the Future (pdf)"
To learn more about Washington State's approach to workforce development check out the following links:
Workforce Training & Education Coordinating Board
Washington Higher Education Coordinating Board
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