A just-released report from the Brookings Institution rated Chicago and other cities by how well job openings line up with workers’ education. Like most big cities, Chicago has a larger share of available jobs that require higher education — a bachelor’s degree or more — than job seekers who hold those degrees.
There are 3.5 job openings in Chicago for every unemployed worker with a bachelor’s degree or higher. But there’s not quite one job — the calculation is 0.9 — for each worker who has no more than a high school diploma.
The Brookings upshot: Cities with better-educated residents have unemployment rates that are on average about 2 percentage points lower than cities that have a less-educated populace.
There are, as you’d expect, wide disparities. The May unemployment rate in Madison, Wis., was just 4.9 percent, mainly because the city has a greater concentration of educated workers, Brookings said. (Yes, it’s also a state capital with a big university.) Fresno, Calif., struggled with 14.9 percent unemployment, partly because of a dearth of highly-educated workers. (Chicago’s unemployment rate for May: 8.5 percent.)
The benefits of a well-educated workforce ripple beyond those with advanced degree…
via closing the gap – chicagotribune.com.
Job Openings and Educational Attainment in Metropolitan Area
For the first time since World War II, there are fewer jobs three years after the end of a recession than before it began. Our new Brookings report suggests that most of this flat recovery can be attributed to severe losses in housing wealth and jobs in industries such as manufacturing and construction. Yet education–especially … Continue reading »
Bridging the skills gap and education
It’s the Labor Day weekend, a time when we all take a day off to catch a breath. For many people, this weekend will pass without the prospect of work. Yet many employers are unable to find suitable workers, and jobs are unfilled. What can be done? “Mismatches in supply and demand for educated workers … Continue reading »
A free interactive application for metro-level data on supply of educated labor, employer demand for skilled workers, and other economic trends affecting unemployment rates
Use this interactive application below for metro-level data on supply of educated labor, employer demand for skilled workers, and other economic trends affecting unemployment rates. via Education, Job Openings, and Unemployment in Metropolitan America | Brookings Institution.
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