Recovery 2020

Recovery 2020 finds that:

• There will be 55 million job openings in the economy through 2020: 24 million openings from newly created jobs and 31 million openings due to baby boom retirements.
  
• By educational attainment: 35 percent of the job openings will require at least a bachelor’s degree, 30 percent of the job openings will require some college or an associate’s degree and 36 percent of the job openings will not require education beyond high school.
  
• STEM, Healthcare Professions, Healthcare Support, and Community Services will be the fastest growing occupations, but also will require high levels of post-secondary education.
  
• Most jobs will require some type of post-secondary education, and individuals that only possess a high school diploma will have fewer employment options.
  
• Employers will seek cognitive skills such as communication and analytics from job applicants rather than physical skills traditionally associated with manufacturing.
  
• The United States will fall short by 5 million workers with postsecondary education – at the current production rate – by 2020.