Transcript Title goes here

Education and the Philadelphia
Economy
Presented by:
Phil Hopkins
Managing Director, US Regional Services
Global Insight
April 6, 2005
Employment Growth vs. Share of
Population With College Degree
Annual Employment Growth Rates
7.0%
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
Philadelphia
0.0%
-1.0%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
Share of Population 25 years and Older with College Degree in 1999
7/18/2015
2
Annual Growth Rate in Personal Income 1975 2002
Large MSA Income s. Employment
Share in Creative Occupations
12.0%
11.0%
Las Vegas
West Palm Beach
Austin
10.0%
Raleigh-Durham
9.0%
San Jose
8.0%
7.0%
Washington DC
Boston
6.0%
Philadelphia
Buffalo
5.0%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
Share of Employment in Creative Class Occupatins in 2002
7/18/2015
3
Employment by Occupation
November 2003
Transportation and material moving
Production
Installation, maintenance, and repair
Construction and extraction
Farming, fishing, and forestry
Office and administrative support
Sales and related
Personal care and service
Building and grounds cleaning and maintenance
Food preparation and serving related
Protective service
Healthcare support
Healthcare practitioners and technical
Arts, design, entertainment, sports, and media
Education, training, and library
Legal
Community and social services
Life, physical, and social science
Architecture and engineering
Computer and mathematical
Business and financial operations
Management
0.0%
2.0%
4.0%
6.0%
8.0%
Philadelphia
7/18/2015
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
US
4
Educational Attainment by
Occupation in 2003 – United States
High school
Occupation
All occupational groups .......................................
Managerial and professional specialty ...............
Executive, administrative, and managerial .......
Professional specialty occupations ..................
Teachers, except college and university ........
Teachers, college and university ...................
Technical, sales, and administrative support .....
Technicians and related support ......................
Sales occupations ...........................................
Administrative support, including clerical .........
Service occupations ..........................................
Precision production, craft, and repair ...............
Operators, fabricators, and laborers ..................
Farming, forestry, and fishing ............................
7/18/2015
College
< 1 Year
High
School
1 to 4 Yrs.
High
School
High
School
3.4
0.3
0.5
0.1
0.1
0.0
0.9
0.3
1.5
0.6
7.8
5.9
8.5
18.3
6.1
1.3
2.1
0.5
0.5
0.1
3.5
1.0
4.6
3.2
11.9
11.0
14.3
11.5
30.5
12.2
19.0
5.7
5.6
0.8
33.1
18.5
30.4
39.1
41.3
45.4
50.2
37.4
College,
No
Associates
Degree
Degree.
18.0
12.7
18.1
7.6
6.6
1.3
24.8
22.5
22.0
27.6
19.8
19.2
15.7
13.8
9.7
9.3
9.3
9.2
4.1
1.9
12.3
24.0
8.4
12.5
8.9
10.6
5.8
6.3
Bachelor's
Degree
More Than
Bachelor's
Degree
21.3
37.2
35.2
39.0
46.7
14.8
21.2
26.8
27.6
14.5
8.8
6.7
4.8
10.7
10.9
27.0
15.8
37.8
36.4
81.2
4.2
6.9
5.5
2.4
1.5
1.1
0.8
1.9
5
Educational Attainment in the
Philadelphia PMSA in 2000:
Percent of Population 25 Years and Older With:
7/18/2015
Level/Degree
US
PA
Phila.
PMSA
Less than 9th Grade
7.5
5.5
4.8
2.8
3.5
3.7
3
7.5
9th to 12th Grade
12.1
12.6
13
8.7
7.2
9.8
8.5
21.2
High School
28.6
38.1
31.6
32.2
26
33.1
27.3
33.3
Some College, no degree
21
15.5
17.2
18.4
15.5
17.3
16.5
15.6
Associate
6.3
5.9
5.7
6.7
5.4
6.1
5.9
4.4
Bachelor's
15.5
14
17.2
19.8
26.6
18.2
23.1
10.3
Graduate or Professional
8.9
8.4
10.5
11.4
15.9
11.8
15.7
7.5
High School or Higher
80.4
81.9
82.2
88.6
89.3
86.5
88.5
71.2
Bachelors or Higher
24.4
22.4
27.7
31.2
42.5
30
38.7
17.9
Bucks Chester
Del. Montg.
Phila.
6
2003 NAEP Scores
350
Scaled Score
300
250
200
150
100
50
0
4th Grade Math
Pennsylvania
7/18/2015
4th Grade Reading
Delaware
8th Grade Math
New Jersey
8th Grade Reading
New York
US
7
Percent Change Year Ago
Metro Area Population
1.5
1.0
0.5
0.0
-0.5
-1.0
-1.5
-2.0
1980 1985 1990 1995 2000 2005 2010
Philadelphia County
Montgomery/Bucks
Chester/Delaware
7/18/2015
8
Percent Change Year Ago
Jobs Growth
8
6
4
2
0
-2
-4
-6
1980 1985 1990 1995 2000 2005 2010
Philadelphia County
Montgomery/Bucks
Chester/Delaware
7/18/2015
9
Migration in 2003
•
•
7/18/2015
To Philadelphia,
36,889
From:
• Foreign countries
1,706
• Other states
20,113
• Metro Phil.
12,595
•
•
From Philadelphia
50,532
To:
• Foreign countries
828
• Other states
23,148
• Metro Phil.
23,738
10
People Follow Jobs and Perceived
Economic Opportunity
•
•
And Jobs Follow People
• Regional attractiveness to business
• Pool of available skilled, educated labor
Economic developers focus on attracting high
Income individuals
• The Rise of the Creative Class
•
7/18/2015
High amenity cities grow faster!
• Weather & coasts and mountains
• Social life – restaurants/theatre/sports
• Public services
• SCHOOLS
• Safety
• Mobility – freeways/mass transit
11
Education and Economic Growth
•
•
•
•
•
•
7/18/2015
Economic Structure and Occupation Mix Drive
the Need for Education
Education Must Be Viewed As A Competitive
Advantage – the Way to Avoid the Wage Gap
Improving Educational Attainment Should Be
Viewed as an Economic Development Imperative
Low Achievement in Urban Schools Hurts the
Entire Metropolitan Economy
Equitable Statewide Funding is a Start – But Not
the Whole Answer
Remember Votech
12