The Commerce Department’s Economics and Statistics Administration today released a new report that shows fast-growing STEM industry offer high pay and low unemployment. Over the past 10 years, growth in STEM jobs was three times greater than compared to non-STEM jobs.
The report found workers earning 26 percent more in wages than their non-STEM counterparts. STEM-degree holders earn higher wages regardless of whether they work in the science, technology, engineering or math industries.
“This report profiles the fast-growing, productive STEM workforce and illustrates how we can win the future by encouraging the pursuit of 21st-century jobs in science, technology, engineering and mathematics,” said Gary Locke, U.S. Commerce secretary.
Other findings show more than two-thirds of STEM workers have at least a college degree as compared to less than one-third of non-STEM workers. STEM has received the support of U.S. Education Secretary Arne Duncan and President Barack Obama have inspired initiatives such as Race to the Top and the “Educate to Innovate” campaign.