Skills for Jobs Report
This report discusses Colorado-specific issues related to postsecondary education and anticipated workforce needs. Filled with figures and analysis related to high demand occupations, this report also includes analysis of potential gaps in completions by occupation groups and projected demand through 2020.
The 2014 report’s major findings are:
- The state unemployment rate is considerably lower for people who have a postsecondary credential than for those who have a high school degree or less. This gap has continued to widen over the past decade.
- In 2012, public institutions in Colorado awarded 49,739 certificates and degrees, an impressive 8.7 percent increase from the year prior. Since 2007, postsecondary completions have seen an average annual growth rate of 5.6 percent.
- As more jobs require higher levels of education in the years to come, we will likely need to increase our postsecondary credential production by about two percent, or 1,000 additional credentials, annually.
- While we are likely meeting the demand for healthcare support and practitioners overall at the mid- and bachelor’s level required occupations, we are at risk of an undersupply of professional level practitioners (i.e., physicians).
- Across STEM professions, program completions are meeting the demand for most occupation clusters. However, in order to meet projected demand for certain occupation categories, we need to increase completions for mid-level and bachelor’s level computer science credentials.
- For skilled trades, manufacturing and production occupation groups, there are likely too few completions for certain occupations within this overall category.