Shortage of electrical engineers to power labor market growth: Kiplinger Economic Forecasts

A lack of skilled graduates and funding are contributing to the shortage.

3d rendering of futuristic blue circuit board and cpu
(Image credit: Getty)

The fortunes of the labor market are the economic indicators we perhaps feel the most as individuals. For our labor market forecast, we use two distinct metrics. The first is the “payroll report” from the Department of Labor, which indicates the number of jobs lost or created each month, and is broken up by sector. The other is a division of the number of people who have looked for work in the prior four weeks but who do not have a job, by how many people are currently in the labor force. 

To help you understand this sector, our highly experienced Kiplinger Letter team will update you on major developments (Get a free issue of The Kiplinger Letter or subscribe). Here’s the latest forecast… Here is our latest labor market forecast…

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David Payne
Staff Economist, The Kiplinger Letter

David is both staff economist and reporter for The Kiplinger Letter, overseeing Kiplinger forecasts for the U.S. and world economies. Previously, he was senior principal economist in the Center for Forecasting and Modeling at IHS/GlobalInsight, and an economist in the Chief Economist's Office of the U.S. Department of Commerce. David has co-written weekly reports on economic conditions since 1992, and has forecasted GDP and its components since 1995, beating the Blue Chip Indicators forecasts two-thirds of the time. David is a Certified Business Economist as recognized by the National Association for Business Economics. He has two master's degrees and is ABD in economics from the University of North Carolina at Chapel Hill.