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August 15, 2007

Where will the jobs be?

Jobs are the key to our economy, providing the fuel for making products and services and for earning the income that keeps households running. People want to know not only if there will be jobs available but what kind of jobs there will be. N.C. State University economist Mike Walden says a new study sheds light on this important question.

"We have a new study that is just for North Carolina that looks at job projections over the next decade. The good news is that the study projects that North Carolina will add about 65,000 net new jobs each year," says Dr. Walden, a professor of agricultural and resource economics.

"Also in the good news category is that the fastest-growing jobs will be those at the top end of the wage scale -- professional and technical jobs like physicians, engineers and accountants," he adds.

"Also fast growing will be jobs in the, say, two-year college degree area: nurses, medical technicians, auto mechanics. The only category where job growth will be very slow, interestingly, will be for high school graduates," he says. "In fact, those kinds of jobs are really drying up. They are going to increase at only a third of the rate of college-level jobs.

"And I think what's going to happen to many high school graduates if they don't go on to college is that they are going to be pushed down to jobs that high school dropouts can fill," Walden concludes. "So really what we are seeing in North Carolina, if these projections are right, is that the two ends of the job markets are going to be the fastest-growing."

Posted by deeshore at August 15, 2007 08:00 AM