Trying to Make Sense of College and Jobs Numbers

The bad news from the Bureau of Labor Statistics is that fewer high school graduates had opted for college as of October 2013. The good news was that more grads had jobs or were at least actively looking — but maybe that’s because they weren’t pursuing post-secondary education.

The New York Times tries to explain:

Last October, just 65.9 percent of people who had graduated from high school the previous spring had enrolled in college. That was down from 66.2 percent the previous year and was the lowest figure in a decade. The high point came in 2009, when 70.1 percent of new graduates had gone on to college.

At the same time, there were some encouraging signs in the report, which is released annually. The Bureau of Labor Statistics reported that 51 percent of the high school graduates who did not go on to college had jobs by October, and that 74 percent were in the labor force, meaning they either were employed or were looking for work.

Those figures may not sound high, but they are up from the last couple of years, and may be an indication that the labor market has improved at least a little.

On the other hand, only 43 percent of new high school dropouts were part of the labor force in October, a figure that was the lowest for the last 20 years, the period for which the figures are available. But there was an increase in the proportion of new high school dropouts who had jobs, to 31 percent from 24 percent in 2012, which could be another indication of an improving economy.

The figures are volatile from year to year, partly because they come from the bureau’s household survey.

Still, there seems to be little doubt that the long-term trend of more and more high school graduates going to college has halted, if not reversed. As recently as 1976, the enrollment figure was below 50 percent. It rose to 69 percent by 2005, and since then has fluctuated.

Another validation for the importance of the Indiana Chamber’s Indiana Vision 2025 plan and its Outstanding Talent driver.

Top Companies Rank Top Goals

Two of the many Indiana Chamber programs/initiatives that we are proud of are the Best Places to Work in Indiana program and our Indiana Vision 2025 economic development plan.

We combined the two in a strictly unscientific survey, asking the Best Places applicants to prioritize five of the Indiana Vision 2025 goals. There are no right or wrong answers, of course, but it's interesting to see how these top organizations rank some of the strategies that will help move our state forward.

The five goals and the average rank (1 being most important, 5 least important):

  • Develop entrepreneurship and aggressively promote business start-ups through education, networking, investment and financial support: 2.3
  • Diversify Indiana's energy mix with an emphasis on clean coal, nuclear power and renewables: 4.2
  • Enact comprehensive local government refrom at the state and local levels to increase efficiency and effctiveness in delivery of services: 3.4
  • Increase to 90% the proportion of Indiana students who graduate from high school ready for college and/or career training: 2.1
  • Increase to 60% the proportion of Indiana residents with high quality postsecondary credentials: 3.0

Work is ongoing on all the Indiana Vision 2025 goals. The 2013 Best Places to Work program will culminate with the May 2 awards dinner. Rankings will be revealed at that event and BizVoice magazine will profile the 100 winners.