NSF publishes new report on the STEM labor force
June 27, 2024 By: SSTI Staff
Nearly one out of every four workers in the United States is now involved in a STEM occupation, and 41 percent of those STEM workers do not have an associate’s degree or higher, according to data presented in the latest NSF Science & Engineering Indicator report, The STEM Labor Force: Scientists, Engineers, and Skilled Technical Workers.
The NSF S&E indicator report provides policy-relevant details about the representation of demographic groups in STEM, the STEM labor market's earnings, occupations, and industries, the geographic distribution of the STEM workforce, the degree attainment and training of workers in STEM, and foreign-born workers.
The statistics may warrant some federal, state, and regional workforce-related TBED initiatives—and their resident innovation-driven companies—to revamp and broaden their approaches to training, job descriptions, employee recruitment, and hiring. STEM education and recruitment into STEM fields, particularly for underrepresented populations should increase for no other reason than the salary difference between STEM and non-STEM occupations presents an opportunity for upward mobility. For evidence, the new Indicators finds median earnings for full-time, year-round STEM workers were $69,000 in 2021, while median earnings for non-STEM workers was only $49,900.
The STEM workforce now translates to 36.8 million people across the country, and the Department of Labor projects growth in STEM occupations through 2032 will outpace non-STEM positions by annual rates of 7% and 2% respectively.
Those STEM workers in the U.S. with college degrees at the bachelor’s level and higher overwhelmingly (90%) work in occupations related to or within science and engineering (S&E).
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