An interesting stat: Is it true?

Kirk McDonald: Sorry, College Grads, I Probably Won't Hire You - WSJ.com:

According to one recent report, in the next decade American colleges will mint 40,000 graduates with a bachelor's degree in computer science, though the U.S. economy is slated to create 120,000 computing jobs that require such degrees.

Now, I don't know where this gentleman, Kirk McDonald got this statistic but if you are teaching computer science then it's a pretty sobering statistic. I am going to try digging deeper to see if I can find the source.