When the jobs report came out Friday morning everyone, including Twitter, the stock market, and even Mr. Data Journalism himself – Nate Silver – went bananas.
Pretty good jobs report, and by “pretty good” I mean “very good”. http://t.co/dNb1KR1T6l
— Nate Silver (@NateSilver538) February 6, 2015
So we opened up our own data vault and examined the average number of advertised engineering jobs on any given day, by discipline, in Q4 2014 vs Q4 2013.
The results were great for engineering job seekers… but it may be tougher than ever to recruit engineering talent if you’re a hiring manager.
Recruiting Geotechnical Engineers? Your job just got harder.
Here are the average number of engineering jobs on any given day, nationally, broken down by discipline in Q4 2013 an Q4 2014.
|Discipline||Q4 2013 Avg # of Jobs||Q4 2014 Avg # of Jobs||Difference in # of Jobs Advertised||Difference in Jobs Advertised as a %|
The future looks even rosier for engineers when we examine the raw increase in average number of jobs advertised, by discipline, in the last three months of 2014 vs 2013.
But if you’re actively recruiting Geotechnical, Computer, or Architectural engineers – you had much more competition in the last quarter of 2014 than you did in 2013.
Architectural Engineers will be an interesting recruiting storyline in the next year. They are enjoying a 34.88% increase in the number of advertised engineering jobs but the ASEE reported that “a few disciplines saw a decline in the number of bachelor’s degrees awarded in 2013 over 2012. Architectural Engineering had the sharpest drop, 14 percent.” This may be an especially tight entry-level talent market.
Petroleum Engineers had a “No Good, Very Bad” Q4 2014
In light of the crumbling price of crude oil and stories about oil & gas layoffs, the first question on every Energy reporter’s mind right now is “will oil jobs beat the decline in crude prices?”
In a word, no – at least for petroleum engineers. In a comparative report full of good news across every other discipline, Petroleum Engineering is the lone field that saw a decline from Q4 2013 to Q4 2014 in the total number of advertised jobs.
According to the ASEE, Petroleum Engineering saw the largest undergraduate increase, 23 percent, between 2013 and 2012. This may be a tough year to be a Petroleum Engineering senior.
Engineering Jobs Report Summary
Overall, there were 9.39% more engineering jobs advertised in Q4 2014 than the previous year’s final quarter. And if you remove software engineering jobs from the equation – the number improves to an 11.53% increase in Q4 2014.
While the number of students graduating with bachelor’s degrees in the US has grown by 28% since 2004 it still only produced 93,360 new engineers in 2013 – many of whom may ultimately pursue something other than an engineering career.
To put this in perspective, EngineerJobs.com hosts about 292,000 engineering job ads in the United States every day.
Bottom line: if you’re hiring engineers, your competition is probably growing faster than the talent pool.
Photo Credit: Yasa_ / Flickr