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Infographic: State of St. Louis STEM Workforce 2014
Once again this year we created a 4-page informative graphic representation of our State of St. Louis STEM Workforce Report for publication in the St. Louis Business Journal. For the 2014 report Stakeholder Insights, L.L.C. telephone interviewed over 500 employers in industries which have a high utilization of STEM occupations. We also looked at the St. Louis economy and labor market with the help of our partners at the Missouri Economic Research and Information Center (MERIC) using public sources such as the Bureau of Labor Statistics and the Census Bureau, specialized research by MERIC, and new analytical tools including the Burning Glass’ real time labor market analytics.
Our infographic tells the St. Louis STEM workforce story in five clusters. The Why STEM? section explains the reason for our STEM emphasis. The St. Louis workforce region has seen a large demand for STEM workers with few jobseekers chasing those opportunities. In 2013 there were over 23,000 STEM job ads in the region, yet just over 2,000 jobseekers were looking for employment in those occupations. St. Louis has a number of high-STEM industries that are important drivers of the regional economy. Employment in STEM occupations is projected to grow at a higher rate than non-STEM occupations, with even more growth in the St. Louis MSA than the state as a whole. And there is a large gap between mean wages for STEM and non-STEM occupations. The mean wage for STEM occupations in St. Louis is $79,290 compared to $44,294 for non-STEM jobs.
Finding the Right Skills tells the shortcomings employers face with recent applicants, the skill shortages they experienced in STEM areas, and the specific reasons for STEM skill shortages. Results varied both by the STEM area and between the manufacturer and professional services employer groups. In general, manufacturing employers perceived applicant shortcomings at a significantly higher level than did professional services employers. Burning Glass data on the basic and specialized skills in greatest demand in the St. Louis area, as well as the certificates in greatest demand, completes this section.
Finding the Right People shares the measures being used by employers to ensure a continuous pipeline of new workers or to improve the retention rates of existing workers, and the methods most used by employers to assist current workers in skill acquisition. Experience and training does matter, as education and experience qualification continues to increase.
STEM Pays highlights the starting salaries of St. Louis area STEM graduates, and the fact STEM wages were 30% and 24% higher for associate and bachelor degree graduates, respectively, than the average for all graduates. It also shows the areas (Science, Technology, Engineering, and Mathematics/Analytics) in which St. Louis area STEM-intensive employers had the most workers. The most frequent response was engineering at 35% followed by technology at 34%, mathematics/analytics at 18%, and science at 8%. There were significant differences between manufacturing and professional services employers in every area except science.
And the Employer Outlook features future plans to change employment levels, the top barriers to expanding employment, and the methods employers are using to add employees. More employers are reporting adding full-time jobs while fewer are reporting adding part-time jobs.
We hope you enjoy our infographic of the key stories from our 2014 State of St. Louis STEM Workforce Report. I’m very proud to share the results of that work with you. Please download our complete report, or download a PDF of the 4-page infographic summary.