Engineers are 28 percent less likely to look for a new job this quarter, according to the results of a new survey conducted by Randstad and Harris Interactive. Falling confidence among engineers in the strength of the U.S. economy may be one factor that is keeping engineers off of the job market. Just 29 percent of U.S. engineers in Q3 of 2012 believed the economy was getting stronger, compared to 38 percent in Q2 of 2012.
How it will impact hiring
Just 32% of engineers say they are likely to search for a new job in the next 12 months. In addition, the Bureau of Labor Statistics reports that unemployment rates among engineers remain low (civil: 4.9%, electrical: 3.4%, mechanical: 3.2%). Considering this data together, it is likely that the volume of engineers in the job market has dropped between Q2 and Q3 of 2012, which may impact the ability of hiring managers to find engineers for new or current job openings.
What is driving engineers?
The President of Randstad Engineering, Richard Zambacca commented on the report findings:
“Despite the relative positive outlook for the engineering field, it appears professionals in this industry may have been impacted by negative news surrounding the employment situation and economic conditions abroad, especially in Europe.
This diminished optimism is reflected in this quarter’s findings, specifically the fact that half of the engineers surveyed feel there are fewer jobs available and indicate they are not likely to look for a new job in the next 12 months.”