The U.S. is on track to create 55 million new job openings by 2020, but will face a shortage of five million workers with the education or training to fill these positions, according to a new report by the Georgetown University Center on Education and the Workforce.
“If the U.S. Congress can deal with budgetary challenges, we are on schedule for recovery,” said Anthony P. Carnevale, Director of the Center, a nonprofit research and policy institute. “But we will still face a major shortage of college-educated workers especially as baby boomers retire.”
The study projects overall employment will grow from 140.6 million in 2010 to 164.6 million in 2020. Of the 55 million projected job openings, the study estimates 24 million will be for new jobs and 31 million will result from baby boomers retiring.
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