According to the survey, if U.S. employees could go back in time to age 18, 68 percent say they would focus on a field of study within science, technology, engineering or math (STEM). This sentiment is indicative of the perceived high value of a STEM education and career path over other educational tracks. In fact, 60 percent believe their employer has trouble finding the right workers for these roles today.
Artificial intelligence and emerging technologies have enabled automation to scale and pose legitimate workforce threats. However, these innovations are creating new jobs and recreating old ones that together shape the building blocks of a future workforce. This dynamic opportunity engine is driven in large part by a fast expanding innovation ecosystem that combines a bevy of thriving, scaling, and nascent startups and their emerging workforce needs.
July’s overall payrolls grew at a healthy pace, in line with expectations, and several industries showed particularly strong growth in hiring including education, health care, professional and business services. The Labor Department reported Friday that payrolls increased 164,000 during the month, just 1,000 below the 165,000 Dow Jones forecast.
Between 1940 and 2016, employment in manufacturing shifted across America from the Northeast to the Midwest and the Southeast. The industry lost ground in many places and is now the largest employer in only two states--Indiana and Wisconsin. In 1940, 23% of workers were employed in the manufacturing industry, and they were concentrated in 15 northeastern, mid-Atlantic, and Great Lakes states. As the economy shifted toward services at the beginning of the new millennium, the share of employment in manufacturing declined to less than 15%.
Given the massive economic impact of these companies, Emsi wanted to know the top skills they are looking for in their employees. Are there any noteworthy similarities or differences between companies? How do the top skills at these companies compare to the top skills in demand by employers nationally?
For as long as anyone can remember, American high schools have mostly failed to provide their students with genuinely marketable skills. But of course, it doesn’t have to be that way. And in recent years, a growing number of “career and technical education” (CTE) programs have sought to bridge the gap between what students learn and what local labor markets demand, typically through a combination of specialized courses and hands-on apprenticeships.
The tariffs that President Donald Trump has slapped on Chinese imports haven't sparked the widespread return of manufacturers to the U.S. that Trump envisioned. About 41% of American companies are considering moving factories from China because of the trade war, or have already done so, but fewer than 6% are heading to the U.S., the American Chamber of Commerce in China said in a recent survey.
In 1965, the Library of Congress got its first computer--so big that it had to be delivered one piece at a time. Back then, it most likely would have been women helping input data into a machine-readable format. That’s because, in the ’60s and ’70s, many believed that women were on track to outnumber men in tech. In fact, the number of women studying data processing was growing faster than the number of men.
Do you feel wanted? If you work for a living, you should. Skilled workers are in short supply across the country, thanks to a historically low unemployment rate of 3.7% and a strong economy. As a result, companies are locating and expanding in the states with the best workforces. Attracting and keeping talent is the biggest battle in the war between the states for business.
Historically, employers made the baccalaureate, and in some cases advanced degrees, the gateway to an interview. If you did not hold the sheepskin, you would not get in the door. But times have changed. Rapidly advancing technologies such as artificial intelligence, big data analytics, robotics and the advent of quantum computing have created an environment in which much of what is learned in college becomes outdated in a few short years.