Friday, August 10, 2012

2020 Jobs Outlook Released

Our community has a long history of using data to drive action.  Partners for a Competitive Workforce joined together with Agenda 360, Vision 2015, and The Strive Partnership to produce the 2020 Jobs Outlook to provide actionable data to prepare our workforce for in-demand jobs and reach our community's Bold Goal to have 90% of the labor force gainfully employed by 2020.       
 
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> Download the report
The 2020 Jobs Outlook forecasts job growth, replacement needs, openings, wages, and the education and training required for more than 800 occupations in our 15-county region. The Center for Economic Analysis and Development at Northern Kentucky University and the Institute for Policy Research at the University of Cincinnati produced the forecasts for the report using new Bureau of Labor Statistics data. 

Here are the key observations from the report:
  1. The Cincinnati region is projected to grow, and remain one of the largest economies of our competitor regions.  We are projected to have 338,632 job openings through 2020, 69% of which are due to replacement needs.
  2. Occupations related to healthcare, education, business, finance, and technology are the fastest growing and best paying.  Production, Construction, and Installation, Maintenance, and Repair occupations are also projected to grow and offer strong wages.  
  3. Education or training beyond high school is required for well-paying jobs.  Among jobs paying above the median wage, 9 out of 10 will require some combination of post-secondary education, on-the-job training, and/or work experience beyond one year. 
Please visit www.regional-indicators.org for more information about the 2020 Jobs Outlook project.  Here are some quick links to additional resources:  

   
This report offers us a new opportunity to work together, aligning employers, educational institutions, and community organizations in preparing our workforce for the jobs of the future. We invite you to join us in this effort.

News Coverage

Business Courier: "New study provides look at local job market in 2020"
Business Courier: "Jobs are out there; skills - not so much"
Cincinnati Enquirer: "Where the jobs are and tools you need"
Cincinnati Enquirer: "Do you have a top job?"
Cincinnati Enquirer: "Region must train for future jobs"
Journal News: "Most future jobs expected to be in health care, education, finance, technology"
CityBeat: "Health Care and Computers Will Top 2020 Jobs Market"
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