Engineering Workers’ Confidence Dipped Slightly In the First Quarter

  • jobs & the economy
  • May 02, 2013
  • Employee Confidence
  • Job Transition
  • Strength of the Economy

Employee confidence among U.S. engineering workers dipped slightly in the first quarter of 2013, according to a new survey conducted by Harris Interactive on behalf of Randstad Engineering.

While the quarterly Index of 112 engineering workers dipped 2.9 points to 54.9 in the first quarter of 2013, these professionals had the highest employee confidence levels among all industries tracked by Randstad, including IT, administrative and clerical, manufacturing, healthcare and finance and accounting.

Confidence in the Economy Drops in Q1; Job Security Sentiments Hold Steady

Just over one-in-four (26 percent) engineering professionals believe the economy is getting stronger, a considerable drop from 34 percent in the fourth quarter of 2012. However, 73 percent of engineers report they are not likely to lose their jobs over the next 12 months. This is a slight improvement from 2012’s fourth quarter reading of 68 percent.

Engineering Field Is The New "It" Degree 

“Although the Engineering Employee Confidence Index contracted slightly in the first quarter of 2013, demand for engineers remains high, especially in the civil, environmental, petroleum and computer disciplines,” said Richard Zambacca, president of Randstad Engineering. “In fact, the engineering field is looking so positive that a recent U.S. News and World Report article heralded engineering as the new ’it’ degree. According to the report, while the unemployment rate for people with bachelor's degrees was 3.9 percent in December 2012, the rate for engineers was 2.0 percent. One promising sector is civil engineering, which is buoyed by a boom in new construction and the need to update the nation's aging infrastructure. The Bureau of Labor Statistics estimates the current population of about 263,000 civil engineers across the nation will grow 19 percent by 2020.”

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