Note: Todayâ€™s post will focus on new research findings about education and the labor market. StayÂ tuned for tomorrowâ€™s post, which will bring you some new public opinion surveys from the field.
A report from the Economic Policy Institute released Thursday shows that while the Great Recession may have ended officially in June 2009, the labor marketâ€™s slow recovery has been particularly devastating for young college and high school graduates and will likely have lasting consequences. The study found that unemployment rates for young graduates are improving, but remain substantially higher than before the recession began, and the overall rates for young graduates mask substantial disparities in unemployment by race and ethnicity, which are substantially higher than their white non-Hispanic peers. Also, graduating in a bad economy will have lasting consequences for this cohort. The study projected that for the next 10 to 15 years, those in the Class of 2014 will likely earn less than if they had graduated when job opportunities were plentiful.
This week, the U.S. Department of Education (ED) announced that the high school graduation rate has reached 80 percent for the first time in U.S. history. The numbers â€“ released by EDâ€™s statistics arm, the National Center for Education Statistics â€“ also project that graduation rates could hit 90 percent by 2020, if states continue at this pace. This week, the Americaâ€™s Promise Alliance also released a report that offered a detailed state-by-state look based on 2012 data.
Also, this week, Education Commission of the States takes a look at legislative activity in 2013 as it related to CTE and workforce development. The report, titled â€œCareer and Technical Education: States Aligning Programs to Meet Workforce Needs,â€ cites activity in areas such as blending high school and postsecondary learning opportunities, incentivizing industry credentials, expanding internships, and formalizing governing structures. In case you missed it â€“ NASDCTEc and ACTE released their own â€œ2013 Year in Review: State Policies Impacting CTE,â€ in March.
Earlier this month, the Lumina Foundation launched a new issue paper series that focused on college costs and prices for students as well as institutions and states. In particular, the report takes a state-by-state look at the connection between the Great Recession, college tuition and affordability.
Understanding the federal appropriations process is already a steep challenge. An important facet of this process is when the money will be obligated as well as the difference between forward funding, advance appropriations and advance funding. Many programs administered by the U.S. Department of Education are advance or forward funded. Knowing how and when federal programs obligate funds is crucial in order for recipients â€“ whether on the state, district or institution level â€“ to plan accordingly. This briefÂ from the Congressional Research Service, part of the Library of Congress, takes a closer look at these varying types of appropriations.
Andrea Zimmermann, State Policy Associate