America's labor market presents a paradox. Although the unemployment rate is just 3.9%, there are more jobs open than people who can fill them. Nationwide, there are roughly 68 workers for every 100 open jobs. Many factors contribute to this workforce shortage, but one of the most significant is a growing skills gap -- millions of workers across…

In 2018, BHEF and the Business Roundtable joined forces to create the Workforce Partnership Initiative (WPI). The initiative invited Business Roundtable CEOs to form multi-company partnerships and connect with leaders of postsecondary institutions to meet regional workforce needs. Dozens of CEOs responded, and the JPMorgan Chase Foundation awarded…

Change swept throughout the country with the 2018 elections, bringing 20 new governors into office. Whether returning or starting their first term, governors are taking the opportunity in their State of the State addresses to highlight achievements and outline plans for the future. Every governor who has given an address has mentioned an…

Researchers suggest that the economy of the future will consist of jobs that do not currently exist, there will likely be a shortage of individuals with necessary education and credentials to fill those jobs, and if the nation does not produce this workforce, there will likely be a $1.72 trillion loss in productivity by 2030. Considering these…

This report shows how state leaders are using technological advances to improve the use of data in five critical areas: (1) Helping economic and workforce developers, businesses, and colleges to reduce the high costs resulting from uninformed education and workforce decisions; (2) Assisting college leaders in making program-related decisions that…

This report examines the structural divide between for-credit and noncredit postsecondary education and the problems it presents for people seeking better jobs with higher pay. It highlights innovative ways that some community colleges are trying to bridge the gap nationally--creating more seamless pathways between credit and noncredit…

The outcomes states gain from investing in postsecondary financial aid programs remain hotly debated, leading to great interest in developing programs that are both cost-effective and productive in helping states meet goals. In the 2012-13 academic year, states collectively provided approximately $11.2 billion in financial aid to students enrolled…

Postsecondary education and credentials are key to economic mobility for individuals and economic competitiveness for our nation. Although the economic return to credentials varies significantly by field of study, generally workers with higher levels of education have higher wages, work more hours, and suffer lower rates and shorter durations of…

Career and technical education (CTE) is increasingly seen as a major potential contributor to the recovery of the U.S. economy. However, the effectiveness and impact of the current Carl D. Perkins Act (otherwise known as Perkins IV) that governs CTE are unclear. Is the federal investment in CTE paying off? To answer this, we need to establish the…

At a time of sustained unemployment and sluggish job growth, students and policymakers are increasingly asking tough questions about postsecondary education and training outcomes. Do graduates find jobs? What are they paid? What will they earn in the future? Despite growing national interest in this information, good answers are not widely…

Governors are increasingly aware that the emerging economy will provide few well-paying jobs for workers who have not earned a postsecondary degree or a relevant workforce certificate. Fifty years ago, nearly 80 percent of all jobs required only a high school diploma or less and most paid a good wage. Fast-forward to data from 2013 and that number…

A project was conducted in response to House Joint Resolution (HJR) 143 to determine the efficacy of Virginia public education institutions in preparing a skilled work force for the 21st century. It focused on complex manufacturing technology to identify and implement model procedures for studying other occupational areas. Information was obtained…

In the spring of 1985 a task force comprising private sector representatives was convened to formulate recommendations regarding the development of an overall policy framework for employment and training and related systems in Virginia. The task force was asked to focus their efforts on the following policy areas: training and retraining the adult…