Forecast: Total Tertiary Education Graduates in Engineering, Manufacturing and Construction in the US

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.

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