Who got all the jobs following the Great Recession?
A recently released report from the Georgetown University Center on Education and the Workforce reveals 99 percent of the 11.6 million jobs created since January 2010 have gone to workers with at least some college education. Of these jobs, workers with a bachelor’s degree or higher have landed 8.4 million.
The job market for those with a high school diploma or less has been much less forgiving.
The report estimates employment among workers with a high school diploma or less grew by just 80,000 jobs, less than 1 percent of the total 11.6 million jobs created in the post-recession economy. As a result, workers with a high school diploma or less have been surpassed by workers with at least a bachelor’s degree in the nation’s labor force for the very first time.
“While it’s reassuring to see the economy back on track, we can’t ignore this tale of two countries with vastly different economic realities for those with and without a college education,” said Tamara Jayasundera, senior economist at the Georgetown Center and co-author of the report in a press release. “Fewer pathways to the middle class for those with less education will continue to reshape the labor market and American culture as we know it.”
The report concludes by stating that America needs to train more workers for the growing number of high-skill jobs that have been central to the post-Great Recession economy.
To access the report in its entirety as well as an infographic, video, slides and press release, visit the Georgetown Center website.
Learn more about the 2016 Student Success Ratings from Eduventures from their press release, blog, methodology and searchable list of ratings.