From 2013 to 2023, the number of total tertiary education graduates in education in the US decreased consistently, dropping from 7.94 in 2013 to 5.13 in 2023, a decline of approximately 35%. For 2024, the forecasted value stands at 4.85, continuing the downwards trend. The year-on-year variation for 2023 was -4.8%, and the projected year-on-year variation for 2024 reflects a similar decrease.
Future Trends:
- Continued decline: The number of graduates is expected to continue declining, with a forecast 5-year compound annual growth rate (CAGR) of -4.84% and an overall 5-year growth rate of -21.99% by 2028.
- Factors to watch: Key factors influencing this trend include changes in education policy, shifts in job market demands, salary competitiveness in the education sector, and societal perceptions of careers in education. Understanding these dynamics will be critical for stakeholders aiming to address this enduring decline.
