Senate Passes Budget Deal, BLS Releases New Employment Projections

Senate Passes Budget Deal, BLS Releases New Employment Projections

On Wednesday, the Senate passed the Bipartisan Budget Act of 2013 (BBA) by a vote of 64-36 sending the measure to President Obama who is expected to sign the bill into law sometime this week. This is the first budget bill successfully passed by both chambers of Congress since 2009 and establishes overall spending levels for the next two years. As we shared last week, the deal reduces FY14 and FY15 sequester cuts by approximately $63 billion. These reductions are paid in part by increased airline fees, pension benefit cuts for federal workers, and a two-year extension of parts of the current sequester past the original 2021 expiration date.
It is important to note that the BBA only sets a top line budget number, or 302(a) allocation, which puts into place a FY14 funding cap of $1.012 trillion for all discretionary spending. Congressional appropriators must still craft 12 individual spending bills— known as 302(b) allocations— to fund the various agencies, departments, and programs that compose much of the federal government, including the U.S. Department of Education and the appropriations bill that funds the Perkins Act. It is hoped that House and Senate Appropriations Committees can incorporate the individual spending measures into a larger omnibus bill before the current Continuing Resolution (CR) expires on January 15, 2014.
As the appropriations process continues, NASDCTEc and its partners in the Career Technical Education (CTE) community are actively seeking a restoration of the $58 million sequester reduction sustained by Perkins. Please check our blog in the coming weeks as this process continues.
BLS Releases New Employment Projections
Yesterday, The Bureau of Labor Statistics (BLS) released updated employment projections for 2012 to 2022. Total employment over the next decade is projected to increase by 10.8 percent or 15.6 million with occupations in the Health Science and Human Services Career Clusters® accounting for much of that growth. When taking into account replacement needs— the need to replace workers who permanently leave their occupation or retire— total job openings are projected to be 50.6 million during this period with replacement needs accounting for over two-thirds of that figure.
These projections are essential to planning one’s future educational and career goals. For instance, in 2012 approximately one-third of all jobs in the U.S. required some form of postsecondary education. Yet between 2012 and 2022, close to two-thirds of the occupations projected to grow the fastest will require some form of postsecondary education. Moreover, occupations typically requiring apprenticeships are expected to grow by over 22 percent. The full press release from BLS can be found here.
As these trends continue, the need for some form of postsecondary education or additional training beyond a high school diploma will become even more pronounced. CTE programs are vital to preparing students for these rapidly changing requirements for entry into the workforce. Through rigorous coursework and experiential learning opportunities, CTE programs across the country are preparing students to meet the needs of the 21st century economy.
OMB Releases Super Circular
Yesterday the Office of Management and Budget (OMB) released the Uniform Guidance: Cost Principles, Audit, and Administrative Requirements for Federal Awards or “Super Circular” as it is more commonly known for public inspection on the Federal Register. The Super Circular marks OMB’s latest attempt to streamline the administration of grants and awards by the federal government through the consolidation of eight other OMB circulars into one. The full text can be found here. The finalized guidelines and rules are expected to be published on December 26, 2013.
Steve Voytek, Government Relations Associate