5 Facts About Unemployment Job Training
Through the U.S. Department of Labor, you can access grants that will help you complete training for in-demand careers. While eligibility for these funding programs depends on many factors, most recipients don’t have a college degree or any type of vocational training.
If you think that learning new skills won’t help your career, here are a few surprising job training statistics to consider.
1. Completing a bachelor’s degree can almost double your weekly earnings
According to the U.S. Bureau of Labor Statistics, in 2020, the median weekly income for a high school graduate was roughly $781. By comparison, the median weekly earnings for a college graduate who holds a bachelor’s degree was $1,305.
Throughout a lifetime, the difference in median income between someone with a bachelor’s degree and someone without one is estimated to be as much as $900,000.
2. People with degrees experience less unemployment
Another report by the U.S. Bureau of Labor Statistics shows that the rate of unemployment is lower for people with a college degree than it is for those without one. In 2020, for example, the unemployment rate for those with an associate degree was 7.1%, while the rate for those with a high school diploma was 9%. The unemployment rate decreased steadily among those with undergraduate and graduate degrees.
3. Many job training programs are available online
Online education is more prevalent than ever, and it’s possible to train for a new career without ever sitting in a classroom. Many online degrees and certificate programs are self-paced, meaning that you can do the work when it’s most convenient for you. You don’t have to attend lectures or disrupt your life, but you’re still able to receive the training you need.
4. It’s possible to complete training in as little as 12 weeks
It’s no longer necessary to dedicate two years to a vocational training program or four years to earn a college degree. Certificate courses for high-demand careers in healthcare, for example, and information technology can be finished in a few months.
5. Online programs are eligible for workforce grants
Many online certification programs, like those offered through MedCerts, are eligible for workforce grants. Your eligibility and the amount of the grant will vary based on your state and need. The admissions counselor at your chosen school or the counselors at your local job center can help you navigate the application process.
Learning New Skills Can Lead to a Fulfilling Career
Helping Americans learn new skills is more important than ever. Job training statistics show there’s a dire need for a skilled labor force. Taking advantage of existing grants and unemployment job training programs will get you back to work in a fulfilling, high-demand career that you’ll love.
