Investor Ideas: “Demand for Bilingual Workers More than Doubled in 5 years, New Report Shows.”

Today, New American Economy (NAE) released a report on the growing demand for bilingual talent in major industries in the United States. The research looks at online job posting data acquired by Burning Glass Technologies, a leading labor market analytics firm that searches 40,000 job boards daily.

The report shows that employers increasingly desire workers who speak multiple languages, particularly in industries that provide services involving a high degree of human interaction. Bank of America, H&R Block, and Humana were among the top firms seeking bilingual workers, based on the share of online job listings posted in 2015.

“In today’s global economy, businesses require employees who can serve customers in a variety of languages,” said John Feinblatt, chairman of New American Economy. “This research highlights the growing need to attract and promote a multilingual workforce among both foreign- and U.S.-born talent.”

Coinciding with the report release, a diverse group of business, education, government and nonprofit partners have launched Lead with Languages, a multi-year campaign aimed at reversing the nation’s language skills gap and making language learning a national priority. The campaign seeks to build awareness about the growing importance of language skills to a wide array of careers – and to our nation’s economy, national security and international standing – with the ultimate goal of supporting a new generation of Americans equipped to compete and succeed in the global economy.

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