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Issue 2:
Job Creators

With the recession officially declared over in 2010, unemployment is lingering at 8% and many Americans are wondering: Where are the jobs?

Where are we now?

How has unemployment changed in the last five years?

Hundreds of thousands of low-skilled jobs have been permanently lost to tech innovation and cheaper labor abroad.

Sources: #1

The U.S. Bureau of Labor Statistics’ industries with the fastest growing wage and salary employment (projections from 2010–2020):

Health   Tech   Construction

While fast growing industries offer many jobs, there are still jobs being created or left vacant in other industries due to older workers leaving the workforce.

Sources: #1

Which cities have the most jobs?

These top ten job-creating metro areas account for 38.5% of net U.S. job growth since the end of the recession in June, 2009:

Sources: #1

Top 5 growing metropolitan areas
for employment:

New Orleans  Bakersfield  Austin
San Jose  Grand Rapids

Sources: #1 #2 #3 #4 #5

Is education the answer to unemployment?

Between 1973 and 2008, jobs that required a postsecondary education jumped from 28% to 59%. It’s projected to climb to 63% in 2018.

Sources: #1

By 2018, it’s projected that the job market will need 22 million workers with college degrees, but the American workforce will fall short of that number by at least 3 million.

College degree attainment rates would need to increase 10% every year to meet our shortfall of skilled workers.

Sources: #1

What the candidates are saying: Why aren’t people hiring?

  • “Right now, companies get tax breaks for moving jobs and profits overseas. Meanwhile, companies that choose to stay in America get hit with one of the highest tax rates in
    the world.”
  • “I also hear from many business leaders who want to hire in the United States but can’t find workers with the right skills. Growing industries in science and technology have twice as many openings as we have workers who can do the job.”
  • “[Foreign students come] to study business
    and science and engineering, but as soon as they get their degree, we send them home to invent new products and create new jobs somewhere else.”
  • “When you have a government that consistently borrows massively more than it takes in and you create a larger and larger debt, as that debt gets so large relative to the size of the total economy, you slow down economic growth. Slow growth makes
    fewer jobs.”
  • “When you increase the number of regulations at a rate three times that of his predecessor, with a bill like Dodd-Frank that makes it harder for small banks to grow and thrive and make loans, you don’t add jobs. When you have energy policies that say no to fracking and no to drilling and no to coal… these things kill jobs and that’s
    got to stop.”
  • “Our economy is driven by free people pursuing their ideas and their dreams. It is not driven by the government. And what the President’s doing is crushing economic freedom. This philosophy of his, least him saying we’re going to take the tax on investment from 15% to 25% so government’s bigger, I want people to be freer. That’s why, in my view, anybody making $250,000 a year and less should pay no taxes on capital gains, interest, or dividends at all. Be able to invest.”
Sources: #1 #2