In this week’s Research Review, we dive into unemployment rates for community college graduates and a new report on the manufacturing sector from the Milstein Center.
Community college graduates vs. unemployment rates
The New York Times has tapped into data from the Bureau of Labor Statistics linking unemployment rates to educational attainment. Most strikingly among community college graduates, those who finished with an occupational degree had a substantially lower unemployment rate than their academic-degree counterparts at 4.0 and 4.8 percent, respectively.
The data also suggest that occupationally focused associate’s degrees (which encompass most CTE fields of study) “are healthy and growing,” according to additional analysis from the Economic Modeling Specialists International.
Six proposals to expand manufacturing’s innovative capacity
The recently released inaugural report from The Milstein Commission on New Manufacturing, which is part of the University of Virginia’s Miller Center, explores challenges facing the future of small- and medium-sized manufacturing enterprises and their ability to innovate as technologies advance and global demand shifts over the next decade.
Among the six ideas proposed, the commission advocates for “upside-down degrees” to encourage alignment between work experience and college education, a “skills census” to better understand the skills gap and a renewed focus on technology and engineering skills for high school students as a means to stimulate the rise of new manufacturing in the United States.
According to the report, the country’s 258,000 small- and medium-sized manufacturing enterprises represent more than 98 percent of all U.S. manufacturing firms and now share 45 percent of the sector’s jobs. The report identified a serious and comprehensive cultural change as necessary to create a pipeline of skilled workers from K-12 and workforce training programs. However, those challenges notwithstanding, small and medium firms often lack the required capital to invest in their employees or the on-the-job training needed to keep their existing workforce current.
Check out the entire report to learn more about the six proposals.
NASDCTEc’s state pages updated
Our state profile pages have been updated to include state allocations of the Carl D. Perkins Career and Technical Education Act of 2006 (Perkins) for fiscal years 2013 and 2014. We’ve also recently added new functionality for members only that allows users to compare multiple states, and have begun identifying and sharing CTE success stories from across the country. We’ll list other new additions here as they become available.
Andrea Zimmermann, State Policy Associate