By 2020, according to a new report from the Economic Policy Institute, the U.S. will need to create 2.4 million new jobs for every unemployed person it currently has.
The report comes on the heels of President Donald Trump’s executive order to create 10 million new positions over the next four years and to expand the number of Americans on disability insurance.
In addition, the EPI’s new report shows that America’s labor force participation rate is at its lowest point in decades, falling below 50 percent.
Despite the recent declines, the economy is still producing jobs.
The EPI notes that “the number of people employed in occupations that require some type of training rose by almost 2 million from January 2017 to June 2018, and the number with a bachelor’s degree or higher increased by 1.6 million.
The number of jobs created by people with a college degree or more rose by nearly 8 million over the same period.”
The EPI is one of many organizations reporting on the economy and how it will shape our society in the coming decades.
It also provides an important data point in understanding the changing job market and how to identify skills that employers will require for the coming economic downturn.
With the report, The American Council for Career and Technical Education (ACCTE) is highlighting the skills needed to thrive in the workforce, which are likely to be the first job skills for many people.
“Today, many people find themselves in jobs that are hard to find and that offer little or no training,” said Andrea Schoettler, ACCTE’s president and CEO.
“But we are seeing a growing number of job seekers with a broad set of skills who are ready to work in the most challenging and dynamic job markets in our country.
This is a critical time for all Americans, and we are committed to working to ensure that the next generation of jobseekers has the skills they need to thrive.”
For those who are interested in learning more about the skills skills that will be important in the workplace, we have created a comprehensive resume resource.
The following is a list of the 10 skills that are listed in the report:• “Knowledge and Skills in Computer Programming” (CSB) • “Know and Use Technology for Personal and Business Purpose” (TTAP)• “Software Development and Implementation” (SDAP) •”Knowledge, Skills, and Communication Skills” (SSC)•”Personal and Business Information Systems” (PBS)•The skills listed are the ones that are essential for a variety of job-related tasks.
The list of those skills includes information systems, information systems software, information technology software, network administration, network software, communication software, web design, data management, and data entry.
To find out how to apply the skills listed, click here.
The report is available online at http://www.epi.org/job-creation-skill-tree-for-job-seekers.
Follow The American Center for Business and Economic Research on Twitter: @ACB_Research