In 2023, the number of tertiary education graduates in Engineering, Manufacturing, and Construction in the US remained stable. However, forecasts predict a steady decline starting from 2024, with values decreasing from 5.76 in 2024 to 5.45 by 2028. This represents an average annual decline (CAGR) of approximately 1.4% over the five-year forecast period. The year-on-year percentage drops gradually, signaling a continuous downtrend.
For future trends, stakeholders should watch for:
- Increased emphasis on STEM initiatives and policies in education that might alter this trend.
- Technological advancements influencing demand for skills and subsequent enrollment in relevant programs.
- Economic factors affecting budget allocations for education and potential impacts on graduate numbers.