TOLEDO, OH — A new report by the Federal Reserve identified Toledo in northwest Ohio as the best metro area in the country for workers who lack a four-year degree. The joint report, published in April by the Federal Reserve Banks of Philadelphia and Cleveland, comes at a time when Americans are more educated than ever.
About 35 percent of adults 25 and older have earned at least a bachelor’s degree, according to 2018 educational attainment data from the U.S. Census Bureau. But as impressive as that figure might sound, it still means that about two in every three adults over 25 aren’t eligible for many well-paying jobs that require a four-year degree. Moreover, the Fed report showed that where you live makes a huge difference in whether non-degree-holders will be able to find well-paying jobs.
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The study identified jobs that don’t require a four-year degree and give workers the opportunity to earn more than the national median income of $37,690, adjusted for regional price differences. These jobs — defined in the report as “opportunity employment” — account for about 22 percent of all jobs in the 121 metros. Registered nurses, carpenters and electricians are some examples of these types of positions, as well as accounting clerks and administrative supervisors.
The Toledo metro area ranked edged out Anchorage and Des Moines for opportunity employment share with 34 percent, the analysis found. Here’s the breakdown:
While opportunity employment accounted for about 21.6 percent of the total jobs in all the metros, the areas with the highest share were located in the Midwest.
Conversely, Washington, D.C. ranked as the worst metro area for workers without a four-year degree. Opportunity employment accounted for just 14.6 percent of jobs in and around the nation’s capital, the researchers found.
Here are the 10 worst metros for opportunity jobs:
The report also identified some of the largest opportunity jobs that could see better-than-average growth over the next seven years and — perhaps more importantly — aren’t considered to be at significant risk of being taken over by robots. This includes jobs in health care and the skilled trades. Jobs most at risk included office and administrative support.