Unemployment Soars to 15.5 Percent among Adults with Less than High School Education.
SOA World: June 15, 2009 – PR Newswire

Pitney Bowes and other leading corporations have joined with ProLiteracy, the nation's largest adult literacy organization, in a new initiative to build workforce readiness through adult literacy and basic education at a time when unemployment among the least educated adults has soared to 15.5 percent, according to the Department of Labor.

Pitney Bowes and other leading corporations have joined with ProLiteracy, the nation's largest adult literacy organization, in a new initiative to build workforce readiness through adult literacy and basic education at a time when unemployment among the least educated adults has soared to 15.5 percent, according to the Department of Labor.

On Thursday, June 18, nearly three dozen business leaders will meet in Washington as part of a panel discussion on ways to build a stronger workforce by investing in adult basic education and workforce training. There are 32 million adults in the U.S. who lack the skills to consistently and correctly read connected sentences and paragraphs -- skills needed for success in the workforce.

"An educated workforce is a critical element of our nation's ability to compete and lead in a global marketplace," said John Ward, president, Pitney Bowes Mail Services. "Businesses, federal, state and local governments need to work together to better educate and train American workers and boost U.S. global competitiveness."

"As a country, we need to invest more in adult basic education and workforce training programs to help unemployed Americans gain the skills needed to get and retain a job," said David Harvey, president & CEO of ProLiteracy.

By the Numbers: Economic Impact and Current Investment

~ 3 out of10 high school students don't graduate on time.
~ ~ ~ If all students in 2007 graduated on time, they would earn an estimated $329 billion in income over their lifetimes -- generating long-term benefits to the economy.
~ A high school dropout has an average annual income of $17,209
~ a college graduate earns on average $52,671 annually

~ Adult literacy programs return $33 to the economy for every dollar invested in them.

~ Only 2.5 million adults are currently enrolled in literacy or adult basic education programs despite research showing 32 million adults need additional education for success in the workplace.

~ About $2 billion is spent collectively by federal, state and philanthropic funding for adult literacy and basic education programs annually. Federal funding in real dollars has decreased over the past 10 years, despite a growing need for adult education. READ MORE !