The Georgetown University Center on Education and the Workforce is an independent, nonprofit research and policy institute that studies the link between individual goals, education and training curricula, and career pathways. The Center is affiliated with the Georgetown McCourt School of Public Policy.
Their most recent research: Good Jobs Are Back: College Graduates Are First in Line is available online at http://cew.georgetown.edu/goodjobsareback.
This research reveals that our economy has added 6.6 million jobs since 2010, 2.9 million of which were good jobs. These jobs paid more than $53,000, tended to be full time and provided health insurance and retirement plans. Of these jobs, 2.8 million went to college graduates. Both good jobs and low-wage jobs have recovered all recession job losses.
The majority of good jobs added during the recovery were in managerial (1,780,000), STEM occupations (880,000 jobs) and healthcare professional occupations (445,000 jobs). Among the middle-wage jobs tier, occupations that make up the blue-collar cluster gained the most jobs (860,000). Among the low-wage jobs tier, food, personal services and sales and office support occupations added the most jobs during the recovery (1,053,000).
The downside of this recovery, researchers find, is that middle-wage jobs have not fully recovered: in spite of the 1.9 million jobs added in the recovery, middle-wage jobs remain 900,000 jobs below their pre-recession employment level.
One other interesting research article at the Center on Education and the Workforce is called “The Economic Value of College Majors found at
The Economic Value of College Majors uses Census Data to analyze wages for 137 college majors to detail the most popular college majors, the majors that are most likely to lead to an advanced degree, and the economic benefit of earning an advanced degree by undergraduate major.
This report finds that top-paying college majors earn $3.4 million more than the lowest-paying majors over a lifetime. Two of the top highest paying majors, STEM and Business are also the most popular majors, accounting for 46 percent of college graduates.
In prior reports, CEW, provided us with the following information:
• The United States invests roughly $1.4 trillion in human capital development each year. National spending on the five Career and Technical Education (CTE) pathways totals $524 billion annually
• The United States is ranked second internationally in baccalaureate attainment, but ranks 16th in sub-baccalaureate (CTE) attainment.