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Education Pays
Posted on June 6th, 2013 No commentsEach year, the Bureau of Labor Statistics (BLS) produces a chart showing median weekly earnings and unemployment rates by level of education. The trend is always the same: as your educational level increases your wages are likely to grow and your chances of being unemployed declines. But for college bound students or recent college graduates, does it matter what you study?
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Measuring Talent
Posted on April 19th, 2013 No commentsAccording to a new report (pdf) from the MN State Demographic Center, workers with higher-order skills and education – or “talent” – are an important part of our state’s workforce. The ability to train, retain, and recruit talented workers will impact our current and long-term economic growth. So, how does Minnesota’s talent stack up?
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Unemployment and Education
Posted on November 20th, 2012 No commentsThe unemployment rate is an important measure of economic health; however, it doesn’t tell the whole story. Unemployment rates are produced monthly in each state and for the country as a whole, but these rates can be broken down further to better illustrate the rates for different groups of people. One factor that greatly impacts a group’s unemployment rate is educational attainment. Some jobs require higher education levels, like a college degree, while others do not, leading to variation in the nature of the work and the unemployment rate by education level.
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High Education and Higher Labor Force Participation
Posted on October 31st, 2012 No commentsMinnesotans are already well known for our hard work ethic and educational achievements, but recent data again show the quality of our workforce. According to the newest estimates from 2011, Minnesota has the fourth highest labor force participation rate in the United States, behind Alaska, Nebraska, and North Dakota. Minnesota’s labor force participation rate (for adults age 25 and over) was 70.8 percent, which was five percentage points higher than the national rate. The data clearly show that residents in Minnesota are willing and available to work.
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Save Time and Money on the Way to a Degree
Posted on May 4th, 2012 No commentsLast month, this blog announced a new national website to explore health care careers – the Virtual Career Network. But you don’t have to be interested in health care to benefit from this site. In fact, one of its unique features is a Prior Learning Assessment aimed at helping adults with several years of workforce experience qualify for some college credit based on learning they have already done. Getting college credit for prior learning is a great way to save time and money while you’re earning a degree or certificate.
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Planning a Career
Posted on April 18th, 2012 No commentsA recent news story highlighted the low ratio of counselors to students in Minnesota schools. In fact, among states, Minnesota ranks near the bottom in the number of school guidance counselors. There are 771 students for every professional, according to the data. There are many reasons why this might be, including reduced budgets and program cuts.
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