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Wait For It… Wait For It… Two Million Job Openings by 2020

Wednesday, June 26, 2013 at 12:01 AM

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Ohio stands to see nearly 2 million new jobs by the next decade, if all goes well with the economy between now and then. ideastream's Brian Bull reports on findings from a new study.

Photo Gallery

Tech industries are projected to be key areas of growth in the upcoming years (pic by Brian Bull) Nicole Smith, Senior Economist at Georgetown University's Center on Education and Workforce (staff photo) Health care is also regarded as a key area of job growth (pic by Brian Bull) Technical studies will be essential for preparing Ohio's future workforce (pic by Brian Bull) Researchers say 2/3 of future jobs will require post-secondary education (pic by Michelle Kanu)

Georgetown University’s Center on Education and the Workforce did a nationwide forecast for job creation for 2010 to 2020, and found that Ohio fared pretty well. 

“Ohio could expect 1.9 million jobs to become available, for new college grads,” says Nicole Smith, the Center’s Senior Economist.

More than half of that comes from newly created positions, while about 700,000 openings will come from Baby Boomers grabbing their nest eggs and retiring. 

Smith says these numbers are dependent on relative economic calm - basically no crippling depressions or recessions.  She says the greatest job growth will be in specific industries.

“Professional and business services.  They also include STEM (Science, Technology, Engineering, Math) occupations. Health care and social assistance is increasing very quickly and rapidly in Ohio as well as the rest of the nation.  As well as in finance.”

Smith adds that roughly two-thirds of all jobs in 2020 will require some post-secondary education and training outside high school.  Ohio’s job forecast is strong compared to Michigan and Indiana, but trails Illinois and neighboring Pennsylvania.

Additional Information

Georgetown University’s Center on Education and Worforce site: cew.georgetown.edu/

Tags

Economy, Education, Health, Science, Technology

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