Workforce Statistics
- In 2011, workers whose highest level of education was a high school diploma brought in median weekly earnings of $638 a week, while those with a bachelor’s degree collected $1,053 a week. Those with a master’s degree brought in $1,263. Additionally, the unemployment rate for those holding only a high school diploma was 9.4 percent. That falls to 4.9 percent for those holding a bachelor’s degree and 3.6 percent for those with a master’s degree. Source: United States Bureau of Labor Statistics
- STEM (science, technology, engineering and math) occupations will grow from 6.8 million to 8 million total jobs by 2018.This will provide 2.4 million job openings in that timeframe, including 1.1 net new jobs and 1.3 replacement jobs due to retirement. Source: The Georgetown University Center on Education and the Workforce
- 43% of workers are looking for a promotion within a year. Source: nation-wide survey of employees by Ranstad41% of employers now consider volunteer work as important as paid work experience, and 20% of employers actually made hiring decisions based on the candidate’s volunteer experience. Source: LinkedIn
- While the U.S. workforce will continue to grow, many workers will not have the necessary skills for future jobs. Source: McKinsey Institute.
- Workers, on average, change jobs every 2 to 4 years (was 3 to 5 years just 2 years ago). Those in their 20’s are changing jobs every 18 months to 2 years. 1/3 of the total workforce will now change jobs every 12 months. By the age of 42, you will probably already have had 11 jobs. Source: Bureau of Labor Statistics
- It takes workers 25 minutes to return to a previous task after being distracted. Source: Psychology Today
- Employees believe they work for great organizations when they consistently: trust the people they work for; Have pride in what they do; and enjoy the people they work with. Source: The Great Place to Work Institute
- Workers with a high school education or less are more likely to work in lower paid and blue collar jobs, where employer-sponsored insurance is less likely to be offered. They make up a disproportionate share – over 60% – of all uninsured workers. Source: Kaiser Commission on Medicaid and the Uninsured/Urban Institute analysis of 2008 ASEC Supplement to the CPS
- The 10 industries in America that had the steepest decline in revenue during the last decade are forcasted to further contract through 2016. Source: IBISWorld Inc.
- Hundreds of thousands of low-skill jobs in manufacturing, farming, fishing, and forestry have been permanently destroyed because the recession has further prompted employers to either automate those positions or ship them offshore to take advantage of cheap labor. 637,000 jobs in the Manufacturing and Natural Resources industries will meet such fates by 2018. Source: Georgetown University Center on Education and the Workforce research report
- Nearly half (47 percent) of Americans are re-evaluating their occupations. This shift by working adults to new vocations is directly related to the fact that, across the nation, there are a number of industries in decline. Source: Bellevue University consumer study
- An estimated 90 percent of employers offer some educational assistance, from training, to helping with the cost of books, to covering your complete tuition expenses. Source: Society for Human Resource Management Study
- Research suggests that in less than 10 years, 60 percent of U.S. jobs will require postsecondary education. Source: Education Dynamics
- The US workforce will continue to grow until 2020, but under current trends, many workers will not have the right skills for the available jobs. Source: McKinsey Institute Study
- The unemployment rate for people who have never gone to college is more than double what it is for those who have gone to college. Over the next 10 years, nearly eight in 10 new jobs will require workforce training or a higher education. Source: Education Dynamics
- Seven out of 10 new employer firms survive at least two years, half at least five years, a third at least 10 years, and a quarter stay in business 15 years or more. Source: Small Business Administration
- While it’s hard to quantify job growth in emerging areas, e.g., social media, there is approximately 75 percent growth in positions from monster.com. Source: September 2011 LA Times article
- Cybersecurity has recently emerged as a major growth area in the National Security Industry. Source: Bureau of Labor Statistics
- Well-trained and highly-skilled workers will be best positioned to secure high-wage jobs, thereby fueling American prosperity. Source: President’s Council of Economic Advisers (CEA)
- About three quarters of all U.S. business firms have no payroll. Most are self-employed persons operating unincorporated businesses, and may or may not be the owner’s principal source of income. These businesses account for only about 3.4 percent of business receipts, therefore they are not included in most business statistics, for example, most reports from the Economic Census. Source: U.S. Census Bureau