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Integrated Solutions Lead
San Antonio, TX

Advanced knowledge of programming language(s), software development tools and environment(s) and systems analysis and functional design

Employment Update: STEM Job Gains

July 11, 2013
Employment Update:  STEM Job Gains

Current Labor Indicators

 

  • Total Unemployment: 7.6%
  • College Educated Unemployment: 3.9%
  • Total Job Loss/Gain: +195,000
  • Temporary Penetration Rate: 1.9%

 

The June Bureau of Labor Statistics report showed employment increased by 195,000 jobs this month. Meanwhile, employment in professional and business services and financial activities rose once again by 53,000 and 17,000 jobs added, respectively. Many of these job gains occurred in the technical consulting, computer systems design, credit intermediation and insurance carrier sectors.

 

Although we’ve continued to watch the recent job gains in the technology and finance and accounting industries, a new study shows that STEM (science, technology, engineering and math) workers are growing more scarce.


The Georgetown study reports a shortfall of 20 million adequately educated workers is expected by 2020.


With today’s college-educated unemployment rates below four percent, many employers may continue to encounter challenges when seeking talent for in-demand skill sets, particularly in technology and finance and accounting.

 

To address these challenges, employers can better work with a staffing firm by:

 

  • Streamlining the hiring process
  • Aligning compensation to attract and secure top talent
  • Providing a positive work environment

 

 

July Blackman Statistic

 

Source: Associated Press

 

Click here to print a PDF

About the author

Michael Blackman

As Chief Corporate Development Officer, Michael Blackman, a twenty year Kforce veteran, is the primary focal point for the Firm with the Wall Street investment and financial communities. He is regularly sought out by leading economists for his perspectives on the economy and labor markets, and contributes to a number of key proprietary economic publications.

 

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Kforce is a professional staffing and solutions firm providing flexible and permanent placement solutions in the skill areas of technology, finance & accounting and healthcare. Kforce operates in more than 60 offices located throughout the United States and one office in the Philippines.
About this blog
Knowledge Employed is a career advice blog and job tips resource center, created and managed by Kforce’s staffing specialists. Whether you are a professional needing career advice or a hiring authority seeking business guidance, our goal is to provide you with the knowledge and tools.