By 2020 the US will be 5 million university graduates short

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A new report estimates that there will be some 55 million job postings in the US by 2020. Of those, 35% of the vacancies will require at least a bachelor's degree.

Photo: KitAy.

According to a prospective report published by Georgetown University, the US labor market is projected to grow from 140 to 165 million jobs —  18% — by 2020. Of these future positions, 65% will require some form of secondary education.

The same report estimates that there will be some 55 million job postings in the country by 2020; 24 million of these will be due to the creation of new posts and 31 million to replace the retiring population. 35% of the vacancies will require at least a bachelor's degree, 30% some a technical degree, associate or similar, 36% will not require education beyond high school.

Job opportunities are expected to increase mainly in the health, community services and in the STEM disciplines (science, technology, engineering and mathematics). Among these sectors, the demand for soft skills such as leadership, communication and analytical skills has increased. Conversely, the demand for specific physical abilities has been reduced considerably.

  Recovery: Projections of Jobs and Education Requirements Through 2020

Recovery: Projections of Jobs and Education Requirements Through 2020

Although this scenario may seem promising, the United States is not ready to face it; With its current graduation rate, it will not reach the 5 million workers with postsecondary education that it will need by 2020. Some experts blame conventional university degrees of causing inefficiencies labor market through faulty signaling of job readiness, but the authors of this report consider that the markets will adapt to the circumstances.