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Liberal Arts Graduates Progress Into Different Job Fields
While a third of liberal arts graduates start off in sales, office and administration, and education occupations, by the third job many have moved over to marketing and management. Their earning potential increases over time. ("What's A Liberal Arts Degree Worth", Wall Street Journal, May 10, 2019)
Cybersecurity Hot Job Field
Over 300,000 open positions in cybersecurity currently but limited number of college programs. Computer science degree not necessary but should have strong computer and video game interests and abilities. ("Cybersecurity Jobs Abound, No Experience Necessary" Wall Street Journal May 11, 2019)
Industry 4.0 will include Growth and Speed Bumps
By 2030, the labor market could include 8-9% new occupations. The new growth is expected to offset the loss of jobs due to automation. Workplace transformations will be required as people need to enter new occupations. Preparation is the key to cooperation between workers and technology. ("Industry 4.0 Could Create Millions of New Jobs", Futurithmic, Feb 2019)
Salaries Increase but Graduates Want Meaningful Work as Well
College graduates of 2019 averaged $51,347 annual entry pay with computer and engineering jobs much higher. However, many of this new generation said salary was not more important than finding positions with purpose, opportunities to learn, and utilization of their skills. ("Graduates Salaries Get a Small Rise" Wall Street Journal, May 16, 2019)
Blue Collar Worker Shortage
Workers are surprisingly harder to find for some manufacturing, construction and service occupations due to increase in education, rising labor-force-drop-out numbers, disinclination to do manual work and lower immigration. May result in higher pay and benefits and increased opportunities for women. ("Shortage of blue collar workers roiling US labor market", Bloomberg News Dec 16, 2018).
Job Growth in High Wage Industries Increasing
A strong economy is finally spurring faster hiring in such occupations as engineering, architecture, copywriting, accounting, advanced manufacturing, and mining jobs. (High-wage Positions Growing Fastest. USA Today October 12, 2018).
Jobs in High Demand
The rapidly growing economy is causing certain sectors to experience serious job shortages. Positions most in demand are in transportation (truck drivers), warehousing (order fulfillers) and retailing (small company clerks and cashiers). ("Jobs Go Unfilled as the Economy Expands", Wall Street Journal, August 8, 2018)
High School Dropouts Finding Work
Unemployment among high school dropouts fell to 5% in July, the lowest in over 25 years and well below the 15% in 2009. Many experts had been concerned about continuing poor prospects for this group. The strong recovery is leading to jobs in such areas as cashering, low level management, routine maintenance and warehouse occupations. ("Workers Hardest Hit by Recession Are Joining in Recovery" New York Times, August 3, 2018)
Hiring Requirements Loosened
Many employers are substantially reducing education and experience requirements due to the tight labor market for jobs in such fields as IT, education, mechanics, logistics, and store and lodging management. ("Help Wanted But Without a Degree", Wall Street Journal, July 30, 2018).
Using Space Technology in Medical Applications
In the past, NASA research has led to new developments in the areas of prosthetics, firefighter gear, and even baby food. Now the call is out for advances in the health care industry. The U.K. Space Agency launched a competition to reward designers who offer ideas for using space technology in medical applications. (Fast Company, July 16, 2018).