Engineers Upbeat About Economy & Jobs

Confidence among U.S. engineers continued to rise in the third quarter of 2013, reaching a high of 64%.

Engineering Department employees, 1962

 (Photo credit: Seattle Municipal Archives)

“Demand for engineering professionals is projected to significantly increase over the next decade, and because of this, the need for more women to enter the field is growing,” Zambacca continued. “Impending baby boomer retirements could mean the loss of nearly half of all scientists and engineers, making the need for talent even more urgent. Today, according to a report by the U.S. Census Bureau, only 13 percent of engineers are women.”

Q3 Survey Highlights:

Engineering Workers’ Confidence in the Economy Rises in the Third Quarter

Forty-three percent of engineering professionals believe the economy is getting stronger, rising three percentage points from the second quarter of 2013.

Engineers Cautious About Job Availability

Just over one out of every three (35%) engineers believe more jobs are available, showing no change from the previous quarter. However, 41 percent of engineering workers believe fewer jobs are available this quarter, representing a sizeable change in outlook when compared to last quarter’s 30 percent.

Engineers’ Confidence in Ability to Find New Jobs Remains Positive

The majority (61%) of engineers feel confident in their ability to find a new job, falling just one percentage point from the second quarter of 2013.

Worker Sentiment about Job Security Remains Strong

Eighty-one percent of engineers report they are not likely to lose their jobs over the next 12 months, rising eight percentage points from the previous quarter.

Slightly Fewer Engineers Likely to Search for New Employment

Twenty-nine percent of engineers say they are likely to look for a new job within the next 12 months, a slight decrease of four percentage points from the second quarter of 2013.

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