Examining the percentage of adults who have a postsecondary degree misses other types of postsecondary credentials that could be useful in the labor market, such as postsecondary certificates, occupational licenses and occupational certifications.
The National Center for Education Statistics (NCES) released a new Data Point report today (March 27) entitled Degree and Nondegree Credentials Held by Labor Force Participants. This report examines the rates at which working adults have attained either a postsecondary degree or a postsecondary nondegree credential, including postsecondary certificates, occupational licenses, and occupational certifications. The report uses data from the Adult Training and Education survey, conducted as part of the 2016 National Household Education Survey (NHES) program.
Among the findings:
- Although only 45 percent of working adults have a postsecondary degree, when nondegree credentials are factored in, 58 percent of working adults have some type of postsecondary work credential.
- Among working adults who do not have a postsecondary degree, the most common nondegree credential is an occupational license.
To view the full report, please visit this link to the Data Point handout entitled Degree and Nondegree Credentials Held by Labor Force Participants or cut and paste this URL into an address bar: http://nces.ed.gov/pubsearch/pubsinfo.asp?pubid=2018057.
Ann Lang, Senior Economist with the Virginia Employment Commission, wrote an article for “Economic Information & Analytics,” which attempted to provide an indication of Virginia’s “gig economy”—a much discussed but hard to define sector of the economy. This analysis is not a comprehensive look at the “gig economy” and is based solely on nonemployer statistics from the Census. Nonemployer statistics are used to gain insight into this sector of the economy, as many gig workers fit the definition of nonemployers. Click on this link to Gig Economy-NonEmployer- Article 2014-15 to read the full text.
Read an excerpt of the article’s summary below:
“Nonemployer businesses run the gamut from old-fashioned family-run corner stores to home-based bloggers,” said William Bostic Jr., the Census Bureau’s associate of for economic programs. “In some cases, the business may be the owner’s primary source of income, such as with real estate agents and physicians, but in other instances, they may operate the business as a side job, such as with babysitting and tutoring.”4
Over the 2010-2015 period, nonemployer establishments in Virginia increased by 66,149 or 13.0 percent, surpassing the national growth of 10.0 percent. While Virginia’s nonemployer firms are growing, they remain smaller in number and economic impact than traditional payroll employment, which increased by almost 200,000, or 5.6 percent. The largest gains in nonemployer establishments over the five year period occurred in transportation and warehousing; other services; professional, scientific, and technical services; and real estate and rental and leasing—all sectors that encompass service activities.
Click on this link to read the full PDF article: Gig Economy-NonEmployer- Article 2014-15
According to 2015 data from the U.S. Bureau of Labor Statistics (BLS), earnings increase and unemployment decreases as educational attainment rises. Click here to enter the site.
Grouping workers by education level, the chart shows that those with more education have higher earnings and lower rates of unemployment than those with less education.
These data are from the BLS Current Population Survey, a monthly survey of households that collects information about demographic and labor force characteristics.