Thousands of New York City health care and technology jobs that require middle-level skills could be filled if companies embrace an employer-led, sector-based workforce development initiative, according to an analysis by JPMorgan Chase.
The financial powerhouse crunched data on the misalignment of jobs and skills in the two sectors as part of a five-year, $250 million New Skills at Work initiative. Among the findings: About 45% of all open job postings listed in the city between July 2013 and June 2014 were middle-skill jobs in health care and information technology.
Those health care postings go unfilled for more than a month, compared with a few weeks for entry-level positions. Analysts estimated there will be 44,000 new job openings annually for middle-skill workers in the city over the next five years.
The health care and technology sectors both have a strong concentration of high-demand, high-growth, middle-skill occupations. There are about 423,000 health care workers in the city, with a projected 14% growth rate over the next five years. In the technology sector, middle-skill jobs account for 16% of all of middle-skill job postings in the city, or about 8,100 jobs.
Maybe if middle class residents weren't taxed to death and had housing they could afford, they'd fill these jobs faster.