August 2008

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Study Finds Career Colleges Could Make Significant Contribution in Filling IT, Engineering and Healthcare Worker Shortages in U.S.

Washington, D.C. (August 25, 2008) – According to the U.S. Department of Labor, in the next decade, nearly two-thirds of the estimated 15.6 million net new jobs created in the U.S. will be in occupations that require some postsecondary education or considerable on-the-job training. Secretary of Labor Elaine Chao recently acknowledged that the U.S. will need to fill job openings for nearly three million healthcare professionals and over 950,000 engineers. A new study released by the Imagine America Foundation found that career colleges are poised to make a significant impact in filling America’s skilled worker shortage, specifically in the job shortage areas of information technology, engineering and allied health.

“In many critical professions, there is a shortage of skilled workers in the U.S. which, if left unchecked, will constrain long-term economic growth,” said Robert L. Martin, President of IAF. “Without the training that career colleges provide, employers would struggle to find or train employees to fill their needs.”

The report, Filling America’s Skilled Worker Shortage: the Role of Career Colleges, provides a comprehensive review of the U.S. labor force skills shortage by industry, and the role of the nation’s nearly 2,900 career colleges in meeting the high demand for occupations in health professions, business management, computer and information systems, education, communications technologies, and legal professions and studies. The report asserts that graduates of career colleges could fill approximately 22 percent of the job openings in these occupations.

Notable findings in the study are the following: