2020 will forever be remembered as the year of COVID-19, the illness caused by the novel coronavirus. This year, the term “social distancing” became part of our vocabulary, and virtual proms and online commencement ceremonies became commonplace. According to Georgetown University Center on Education and the Workforce analysis of HIS Markit Forecast Summary of May 2020, on the economic front, 2...
“About every two years someone comes up with this story. There is absolutely nothing to it—it's simply not true,” Peter Capelli, Professor, Wharton School, University of Pennsylvania, commenting on the Georgetown's college labor supply shortage forecast.
—“Prediction of Worker Shortage Has Critics,” The Press-Enterprise (Riverside, Calif.), April 10, 2010.
The recent response by Anth...
The notion of the "college labor market" as a fixed set of occupations is remarkably static. In contrast, we assume that job and skill requirements are dynamic.
(This lively debate over future demand of college-educated workers will continue in our Forum.)
Northeastern University economists Paul E. Harrington and Andrew M. Sum argue that in our recent report Help Wanted, we “radically over...
The New England states, like the rest of the nation, are finally starting to show signs of a recovery from the Great Recession of 2008, albeit at different paces. Three of the states, however, still have unemployment rates that are about four percentage points above where they were before the recession began in 2007 (Rhode Island, Massachusetts and Connecticut). The smaller increases in unemploym...
The U.S. once had the world’s highest percentage of adults with a college degree, but has now dropped to 10th, according to the OECD. In an attempt to reverse this slide, a number of policymakers and foundations have sought to make increased degree attainment a national priority. President Obama has articulated the goal that America will regain the world’s highest rate of degree attain...
2020 will forever be remembered as the year of COVID-19, the illness caused by the novel coronavirus. This year, the term “social distancing” became part of our vocabulary, and virtual proms and online commencement ceremonies became commonplace. According to Georgetown University Center on Education and the Workforce analysis of HIS Markit Forecast Summary of May 2020, on the economic front, 2...