Job training and areas of labor shortages.

• Author: Baer, Charlie
• Position: Projection Implications on the Economy

Population projections are a key component used to calculate labor force projections. These labor force projections are then used by state and local government officials to identify industries and occupations that are facing an aging and/or shrinking labor pool. By identifying those areas with potential future labor shortages, policy makers can target job training programs to meet future needs.

An aging labor force is not unique to Indiana, and we know that once individuals reach 55, labor force participation declines dramatically. As the nation's 45-to-54 age group continues to migrate into the 55-to-64 age group, there are growing concerns over a shortage of skilled workers to fill jobs in industries such as construction, manufacturing and healthcare nationwide.

Skilled occupations within these industries can be targeted for job training. Occupations that would most likely be affected by the generation shifts...