There's some good news on the jobs front, as the U.S. is on track to create 55 million new job openings between now and 2020 according to a Georgetown University study.
But the bad news is, a lot of those jobs will require skills and training Americans don't possess.
In that seven year time year period Georgetown University predicts there will be over five million jobs unfilled, as they will require some postsecondary education and training.
But UNO Professor Dub Lane says that won't be the New Orleans area problem, as this is still a service oriented city with generally low skills jobs. "Our problem is a little bit of a brain drain," Lane explains. "We unfortunately lose some of our educated people because there are a lot more jobs in Texas, etc. than there are here."
Lane says the University of New Orleans and LSU Health Sciences Center are ramping up programs to provide education for people going into the new biomedical industry locally. But still, Georgetown's list of states that will have jobs that require a postsecondary education shows Louisiana second from the bottom.
The coming wave of job openings is good news for recent college grads though Lane says. "Even though their career may have gotten to a slower start," following the financial crisis and the Great Recession, "Maybe there will be some hope down the road for them."