Education & Labor Force Needs

Education & Labor Force Needs

Presented at the Education Works! Summit on November 1, 2011 at Des Moines Area Community College in Ankeny, Iowa.

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Tom Schenk Jr

June 01, 2012
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Transcript

  1. 3.

    0 5,000 10,000 15,000 20,000 2006 2007 2008 2009 2010

    Average Age 28 years old 20,142 Female 51 % Hispanic 26 %
  2. 5.

    The Great Recession led to record high unemployment …so far

    peaking at 10.1% Bachelor recipients fared better than the population. …so far peaking at 5.1% …compared to 15.7% of high school dropouts
  3. 6.

    National Unemployment 0 2 4 6 8 10 12 14

    16 18 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Less than high school H.S. graduate Associate’s Bachelors’ or higher
  4. 7.

    Bachelor’s recipients earn $1,038 per week compared to $646 for

    those only with a high school degree. Nationally, the average earnings per week was $782 in 2010. There is a clear relationship between education and earnings. National Income $0 $500 $1,000 $1,500 $2,000 Doctoral degree Professional degree Master's degree Bachelor's degree Associate degree Some college, no degree High-school graduate Less than a high school diploma
  5. 8.

    Iowa’s Domestic Product only fell 0.2% …but unemployment grew 2%.

    Iowa’s 5.7% unemployment is relatively low …but some counties have been hit harder …education is still a key difference.
  6. 9.

    Iowa Unemployment Rate 0% 1% 2% 3% 4% 5% 6%

    7% Less than a high school diploma High-school graduate Some college or Associate's Degree Bachelor's Degree or Higher
  7. 10.

    Sometimes workers can become frustrated and “exit the labor market”

    by stopping their job search. The “employment rate” accounts for this by calculating the percentage of people who are employed, regardless of their labor market status. Iowa Employment Ratio 0% 20% 40% 60% 80% 100% Less than a high school diploma High-school graduate Some college or Associate's Degree Bachelor's Degree or Higher
  8. 11.

    0% 10% 20% 30% 40% 50% 60% 70% 8/1/2007 8/1/2008

    8/1/2009 8/1/2010 Employment Rate High Digital Literacy Low Digital Literacy Digital Literacy
  9. 17.

    Largest Occupational Decline Farmers and Ranchers Postal Service Mail Sorters,

    Processors & Processing Mach Operators Order Clerks Telemarketers File Clerks Cutting, Punching & Press Machine Setters, Operators &Tenders Shipping, Receiving, and Traffic Clerks Metal Workers and Plastic Workers, All Other Office and Administrative Support Workers, All Other Conveyor Operators and Tenders
  10. 18.

    Largest Occupational Decline Farmers and Ranchers Postal Service Mail Sorters,

    Processors & Processing Mach Operators Order Clerks Telemarketers File Clerks Cutting, Punching & Press Machine Setters, Operators &Tenders Shipping, Receiving, and Traffic Clerks Metal Workers and Plastic Workers, All Other Office and Administrative Support Workers, All Other Conveyor Operators and Tenders
  11. 20.

    Career-focused adult literacy programs such as I-BEST and Adult Literacy

    for the Workforce in Iowa can provide better prospects for students and employers. Career-focused degrees at Iowa’s community colleges provide a substantial rate of return for individuals. There is opportunity for job growth for those with moderate career training.
  12. 21.

    2-year Training Occupations $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000

    $70,000 HVAC Vet Technologists Dental Hygienists Compliance Officers Paralegals Self-Enrichment Education Teachers Fitness Trainers Physical Therapist Assistants Medical Equipment Repairers Coaches & Scouts
  13. 22.

    Median Wages Leavers at first make earn more money as

    completers finish school. However, upon graduation, completers begin to earn more by 2004—two years after graduation. By 2008, completers’ median wages were $29,592. $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 2002 2003 2004 2005 2006 2007 2008
  14. 23.

    Career-focused adult literacy programs, such as Washington’s I-BEST program shows

    positive student outcomes. Participants increase their probability of obtaining college credits by 10 percentage points and 8 percentage points for earning a certificate. Career-focused Adult Literacy 0% 2% 4% 6% 8% 10% 12% College Credits Earning Certificate
  15. 25.

    There is a clear link between educational attainment and economic

    growth. Career-focused adult literacy programs offer an opportunity for advancement. Yet, there is a challenge to deliver these services given the reduction in resources.
  16. 27.

    Authors Tom SCHENK JR. Iowa Department of Education (515) 281-3753

    tom.schenk@iowa.gov Kiyokazu MATSUYAMA Iowa Workforce Development (515) 281-8118 kiyokazu.matsuyama@iwd.iowa.gov Jason CROWLEY Iowa Workforce Development (515) 281-7124 Jason.crowley@iwd.iowa.gov Sources Adult Literacy Report 2011, Iowa Department of Education. Economic Returns & Career Transitions for Iowa Community College Students, Iowa Department of Education and Iowa Workforce Development U.S Census Bureau, 2007-2009 American Community Survey Bureau of Labor Statistics, Current Population Survey Iowa Works Membership Database, Iowa Workforce Development. Additional Information Iowa Workforce Information Network: iwin.iwd.state.ia.us U.S. Census Bureau, Education Pays…, www.bls.gov/emp/ep_chart_001.html