Florida is not producing enough college graduates to meet the projected job market needs by 2018, according to a new report from the Lumina Foundation.
The Sunshine State ranks 31st in the nation for the percentage of adults who have earned a college degree.
About 36.5 percent of state residents have earned an associate’s, bachelor’s or a graduate or professional degree. Nationally, 38.3 percent of adults have a college degree.
The Lumina Foundation projects 59 percent of jobs will require a college degree by 2018, but Florida will fall far short of that mark at its current pace. The result could mean many state residents are frozen out of high-paying jobs that come with a college degree.
The state trails national rates for most racial groups as well. However, Hispanics are the exception. More than 31 percent of Florida Hispanics have a college degree, while nationally just 19 percent of Hispanics have a degree.