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State of the N.C. Workforce Report 2011 - 2020

State of the N.C. Workforce Report 2011 - 2020. 10 BIG Challenges We Face. Worker dislocation accelerated during the recession due to long-term structural changes

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State of the N.C. Workforce Report 2011 - 2020

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  1. State of the N.C. Workforce Report 2011 - 2020

  2. 10 BIG Challenges We Face • Worker dislocation accelerated during the recession due to long-term structural changes • Workers employed in low-skill, middle-wage jobs are competing for fewer good-paying jobs while opportunities offering similar wages (i.e., “new middle” jobs) demand higher skills • While metropolitan workers have a more diverse set of career possibilities, they must continuously adapt to increasing demands in the workplace and a more competitive labor market • Dislocated or young workers in economically hard-hit micropolitan and rural areas have very limited alternatives for employment • Seeking good-paying jobs, more workers must increase their skills by accessing and completing education beyond high school or by earning industry-recognized credentials

  3. 10 BIG Challenges (cont.) • The recession slowed baby boomer retirements, but the impact is likely to be felt first and greatest in micropolitan and rural areas where more workers are near-retirement age • High-skill in-migrants recruited to help companies meet their talent requirements are seeking jobs in amenity-rich metropolitan areas • Migration of new workers continued at near pre-recession levels, even among low-skilled workers, despite the limited availability of jobs • Lower-skilled workers accounted for most of the unemployed and required significantly greater social services during the recession • Workers employed in certain industries – e.g., manufacturing, finance, distribution, or construction – were more likely to lose their jobs and to need retraining to find work

  4. “New Middle” Jobs Replacing Low-skill Middle Jobs

  5. Certain Metro Areas Offer Jobseekers More Options

  6. STEM Disciplines Among the Most Valued Knowledge and Skills

  7. Workforce Aging More Significant Challenge for Micro/Rural Areas

  8. Born “outside NC” Soon to Become Majority

  9. Large Proportion of New In-migrants Have BA or Higher

  10. In-Migrants Concentrating in Charlotte and Research Triangle Areas

  11. Education Increases Wages

  12. Education Also Aids Job Stability

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