According to the latest government unemployment data released last week, the unemployment rate declined by 0.2 percentage point to 4.2 percent in September. The number of unemployed persons also declined by 331,000 to 6.8 million. Both measures were down over the year.
Employers are increasingly looking for experts with STEM skills (science, technology, engineering and math). However, there are not enough graduates to fill all the vacancies. On top of that, only 10 % of recent graduates in these fields go to work in STEM. What are schools and policy makers doing to close this gap?
Over the next few decades, automation and artificial intelligence (AI) will change the job market and replace jobs often held by millennials. According to the Gallup study, millennials will be most in danger of being replaced because they are going to be working for many years before they retire. Other positions at risk are entry-level routine jobs such as accounting and financial services. What could be done to beat the trend? How is AI changing the workforce?
What do cars, traffic lights, phones, watches, coffee machines, printers, and TVs have in common? They are all objects increasingly connected to the internet and could potentially communicate with each other. It allows them to get updates, collect, or utilize data like never before, and communicate on a “machine-to-machine” basis. This so-called Internet of Things (IoT) is not limited to only every day wireless items. IoT is also used in manufacturing, transportation, healthcare, energy, education – the list only keeps growing. IoT is clearly the next big thing in technology. What impact does it have on businesses and our every-day life?
The so-called Fourth revolution – the use of robotics, nanotechnology, the Internet of Things, biotechnology, artificial intelligence and 3-D printing – is already changing the labor force and all sectors of life. In an economy centered around people, this change will create bigger social inequality gaps and shape the way we live and work. How is new technology going to change the labor force?
Both major employment search engines – Indeed and Glassdoor – list technology jobs among the most lucrative jobs. In 2017, 7 out of the top 10 best jobs were from the tech industry, software engineering and development in particular. This is based on salary comparisons, growth prospects from 2013 to 2016, and job postings. Additionally, computer and IT jobs are expected to grow 12 % from 2014 – 2024 according to the Bureau of Labor Statistics. And by 2020 there are predicted to be 1.4 million new unfilled software development positions. However, there might not be enough experts to fill these positions. Why is this so? What other problems is the tech industry facing?
Interest in cybersecurity insurance has rapidly increased in the last few years, thanks in part to events like the recent WannaCry ransomware attack. For many companies, this global incident served as a wake-up call. In the week after the attack, cyber insurance orders rose by 40 percent.
In mid-May 2017, the biggest ransomware attack in history targeted many hospitals, FedEx, and various other businesses around the world. Most of the infected computers were running on outdated Microsoft Windows operating systems. The so-called WannaCry worm demanded ransom after encrypting the files on the affected computers. The price for the encryption was a few hundred dollars. How did this incident affect companies?
President Donald Trump is proposing to spend up to $1 trillion in the next 10 years on infrastructure projects. It would be used to upgrade and support investments in various areas such as roads, bridges, airports, pipelines, telecommunications, or energy projects. According to some estimates, this could create more than 11 million jobs in the US. Which industries and jobs could benefit from this the most?
Have you ever wanted a career in sports? You don’t have to be a professional athlete to make this dream come true.
Behind every individual athlete or team victory, there are STEM professionals at work. Sports and technology are overwhelmingly intertwined in today’s world. From designing Paralympic equipment to biochemical engineers working on faster recovery of athletes’ damaged tissues, they all have one unifying denominator: sports.