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Dan Hunting Senior Policy Analyst Morrison Institute for Public Policy. Workforce Development And Education. Why Does It Matter?. Between now and 2023, 20% of Arizona’s existing workforce will reach retirement age. Highly trained workers will retire in even greater numbers: - PowerPoint PPT Presentation
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Dan HuntingSenior Policy AnalystMorrison Institute for Public Policy
Workforce Development
And
Education
Title text• Between now and 2023, 20% of Arizona’s existing workforce will reach retirement age.
• Highly trained workers will retire in even greater numbers:• 25% of Physicians• 27% of Lawyers & Judges• 31% of Psychologists• 46% of Clergy
• We need to hire 123,000 college-educated workers in the next 10 years to fill the shoes of retiring baby boomers.
Why Does It Matter?
Nationally, 28% have Bachelor’s or Better. 26% in Arizona.
Source: U.S. Census
Arizona’s Educational Attainment Lags the Nation
The Picture Looks Different When We Look at County-Level Data
Source: U.S. Census
Arizona’s Educational Attainment Lags the Nation
Urban and Rural Areas Have Different Job Markets
Urban centers are above the national average. Rural areas
educational attainment reflects a different economy.
Source: U.S. Census
Educational Attainment and Prosperity: 1960-2010
Source: U.S. Census and Bureau of Economic Analysis
Source: U.S. Census and Bureau of Economic Analysis
Educational Attainment and Prosperity: 1960-2010
Arizona’s Trajectory: 1960-2010
1960
1970
19801990
2000 2010
Source: U.S. Census and Bureau of Economic Analysis
Other Trajectories Are Possible
Source: U.S. Census and Bureau of Economic Analysis