The Worsening Shortage of College-Graduate Workers

The Bureau of Labor Statistics (BLS) projections of occupational employment growth have consistently underpredicted the growth of skilled occupations. BLS currently projects that professional, technical, and managerial jobs will account for 44.5% of employment growth between 1988 and 2000, while we project they will account for 70% of employment growth. Between March 1988 and March 1991 these occupations, in fact, accounted for 87% of employment growth. The BLS’s projections of the supply/demand balance for college graduates have also been off the mark—predicting a surplus for the 1980s when, in fact, a shortage developed, and relative wage ratios for college graduates rose to all-time highs. We project that the supply of college educated workers will grow more slowly during the 1990s and that there will be a continuing escalation of wage premiums for college graduates.

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Reply to Bishop and Carter on the Worsening Shortage of College-Graduate Workers

Educational Evaluation and Policy Analysis ◽

10.3102/01623737013003247 ◽

1991 ◽

Vol 13 (3) ◽

pp. 247-252 ◽

Cited By ~ 1

Author(s):

Ronald E. Kutscher

Keyword(s):

College Graduates ◽

Returns To Education ◽

Primary Reason ◽

College Graduate ◽

Labor Statistics ◽

Education Support ◽

Bureau Of Labor Statistics

In my reply to Bishop and Carter, I concede the point that there was a bias in the projections that the Bureau of Labor Statistics prepared for 1990, but not for the primary reason they noted. Also, I provide data which question the claims of Bishop and Carter that there is a shortage of college graduates although data on returns to education support their shortage thesis.

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Response to Kutscher’s Comment

Educational Evaluation and Policy Analysis ◽

10.3102/01623737013003253 ◽

1991 ◽

Vol 13 (3) ◽

pp. 253-255 ◽

Cited By ~ 1

Author(s):

John H. Bishop ◽

Shani Carter

Keyword(s):

High School ◽

High School Teachers ◽

College Graduates ◽

High School Graduates ◽

Relative Wage ◽

Real Wages ◽

Nontraditional Occupations ◽

Wage Rates ◽

Labor Statistics ◽

Bureau Of Labor Statistics

Recent studies of trends in relative wage rates and unemployment rates are reviewed. These studies conclude that real wages of recent college graduates rose substantially during the 1980s while the wages of recent high school graduates fell, contradicting the Bureau of Labor Statistics (BLS) claim that college graduates were oversupplied during the 1980s. The BLS approach to measuring the supply–demand balance for college graduates by counting the number of college graduates who say they are working in “nontraditional” occupations is dismissed as invalid because of the unreliability of Current Population Survey coding of occupation and education and the lack of attention to mismatches of the opposite kind such as the more than 5% of physicians, lawyers, and high school teachers who report having fewer than 16 years of schooling.

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The Earnings of Foreign-Educated College Graduates: An Examination of the Determinants of the Hourly Earnings of College-Educated Immigrants

PsycEXTRA Dataset ◽

10.1037/e671732012-001 ◽

2012 ◽

Author(s):

Neeta P. Fogg ◽

Paul E. Harrington

Keyword(s):

College Graduates ◽

College Educated

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[Food Prices and the Bureau of Labor Statistics]: Rejoinder

The Journal of Business ◽

10.1086/294350 ◽

1960 ◽

Vol 33 (3) ◽

pp. 285

Author(s):

William H. Kruskal ◽

Lester G. Telser

Keyword(s):

Food Prices ◽

Labor Statistics ◽

Bureau Of Labor Statistics

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Industry Wage Survey: Hospitals and Nursing Homes, September 1978 (Bureau of Labor Statistics, U.S. Department of Labor, Washington, D.C.) (November 1980). This publication, Bulletin 2069, is available for $6.00 per copy from the Bureau of Labor Statistics, John F. Kennedy Federal Bldg., Boston, MA 02203.

Medicolegal News ◽

10.1017/s0097008500003762 ◽

1981 ◽

Vol 9 (1) ◽

pp. 20-20 ◽

Cited By ~ 1

Keyword(s):

Nursing Homes ◽

Department Of Labor ◽

Labor Statistics ◽

Bureau Of Labor Statistics

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At-Risk Occupations in Power Line Fatalities: How Do Occupational Safety and Health Administration and U.S. Bureau of Labor Statistics Data Compare?

IEEE Industry Applications Magazine ◽

10.1109/mias.2015.2459094 ◽

2016 ◽

Vol 22 (3) ◽

pp. 27-32 ◽

Cited By ~ 3

Author(s):

Brett C. Brenner ◽

James C. Cawley

Keyword(s):

At Risk ◽

Occupational Safety ◽

Power Line ◽

Occupational Safety And Health ◽

Health Administration ◽

Safety And Health ◽

Labor Statistics ◽

Bureau Of Labor Statistics

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A framework for the evaluation and use of alternative data in the Consumer Expenditure Surveys

Monthly Labor Review ◽

10.21916/mlr.2021.2 ◽

1915 ◽

Author(s):

Laura Erhard ◽

Brett McBride ◽

Adam safir

Keyword(s):

Strategic Plan ◽

Consumer Expenditure ◽

Quality Of Data ◽

Additional Information ◽

Complementary Role ◽

Labor Statistics ◽

Weighting Procedures ◽

Bureau Of Labor Statistics ◽

The U.S

As part of the implementation of its strategic plan, the U.S. Bureau of Labor Statistics (BLS) has increasingly studied the issue of using alternative data to improve both the quality of its data and the process by which those data are collected. The plan includes the goal of integrating alternative data into BLS programs. This article describes the framework used by the BLS Consumer Expenditure Surveys (CE) program and the potential these data hold for complementing data collected in traditional formats. It also addresses some of the challenges BLS faces when using alternative data and the complementary role that alternative data play in improving the quality of data currently collected. Alternative data can substitute for what is presently being collected from respondents and provide additional information to supplement the variables the CE program produces or to adjust the CE program’s processing and weighting procedures.

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