Skills Gap

WORKFORCE SKILL NEEDS

  • Thirteen million Americans are currently unemployed, and more than 90 million are undereducated and unprepared for the 21st century workforce.
  • Last year, private sector colleges and universities served more than four million students and conferred 800,000 degrees and 220,000 credentials.
  • The U.S. Department of Labor predicts a shortage of more than 35 million skilled and educated workers over the next 30 years.
  • By 2020, nearly two-thirds of all new jobs will require a postsecondary education.
  • The unemployment rate for August 2012 was 4.1 percent for college graduates with a bachelor’s degree or higher, compared with 8.8 percent for those with a high school diploma, and 12 percent for those with less than high school.

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PSCUs open doors to many of the 13 million unemployed and 90 million undereducated Americans by providing a skills-based education. To remain competitive over the next decade, we must identify between 8 and 23 million new workers with postsecondary skills. PSCUs are a necessary part of that solution, having produced over 800,000 degrees last year alone.