It’s almost ironic. We’re living currently when engineering has not been more essential. From communications products at the disposal of many people in the world towards the intelligence that's being embedded into product which in an unparalleled scale, engineering solutions haven't experienced greater demand.
Yet market dynamics are apparently conspiring to undermine ale many engineers to create a decent living. Many engineers end up unemployed. Individuals who're employed are seeing their compensation erode even while installed in lengthy hrs.
Many factors are adding for this somber situation. Globalization is placing downward pressure on wages. Advances progressively appear to provide incremental final results, instead of major ones. There just isn’t enough oxygen throughout the economy to fuel the type of recovery that will really warm up the engineering employment market.
Which means this year whenever we interviewed the encounters and sights of nearly 3000 U.S. engineering professionals, we needed to have a look at some very sobering facts. Hopefully the resulting experience is going to be of worth for you, even when it’s only to show you that you're not alone inside your struggles—and these truly are pressure-packed occasions for that engineering profession.
EE Unemployment Remains High
The unemployment rate for electrical and electronics engineers elevated dramatically in 2013. Based on data in the U.S. Labor Department Bureau of LaborStatistics (BLS), engineering jobs within the first quarter of 2013 rejected by 40Thousand and also the unemployment rate for engineers rose to six.5%. The lost another 3000 jobs throughout the 2nd quarter, even though the unemployment rate dropped somewhat to 4.5% in Q2 for technical reasons.
In comparison, both in 2011 and 2012 the unemployment rate for EEs only agreed to be 3.4%. This past year there have been 335Thousand EEs counted within the labor force. In the half way point this season, the amount was believed just 292Thousand.
The IEEE-USA sees the unemployment rate for engineers getting worse when the plans to improve H-1B visas now making their way through Congress are effective. The business has lengthy opposed efforts to boost h-1B cap.