New Commerce Department Report Shows Fast-Growing STEM Jobs Offer Higher Pay, Lower Unemployment

New Commerce Department Report Shows Fast-Growing STEM Jobs Offer Higher Pay, Lower Unemployment

The following press release was published by the U.S. Department of Commerce on July 14, 2011. It is reproduced in full below.

The U.S. Department of Commerce’s Economics and Statistics Administration (ESA) today released a new report that profiles U.S. employment in the science, technology, engineering and mathematics (STEM) fields. STEM: Good Jobs Now and for the Future offers an inside look at workers who are driving our nation’s innovation and competitiveness and helping America win the future with new ideas, new companies and new industries.

In 2010, 7.6 million people or 5.5 percent of the labor force worked in STEM occupations. Key findings from the new report show that over the past 10 years, growth in STEM jobs was three times greater than that of non-STEM jobs, and STEM jobs are expected to continue to grow at a faster rate than other jobs in the coming decade. Meanwhile, STEM workers are also less likely to experience joblessness.

STEM: Good Jobs Now and for the Future is based on analysis to date from the U.S. Census Bureau’s American Community Survey and Current Population Survey. In this report, STEM jobs are defined to include professional and technical support occupations in the fields of computer science and mathematics, engineering, and life and physical sciences. The STEM occupation list contains 50 detailed occupation codes. A copy of the ESA report can be found on the ESA website here.

Source: U.S. Department of Commerce

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