Table of Contents
- Introduction
- Diving into the Engineering Industry
- Why the Engineering Industry Matters to the Midwest
- Closer Look at the Sectors
- Conclusion
- FAQs
I’m Julie Woodworth, a well-versed recruiter and the founder of Recruiting Solutions – Recruit People Now. My expertise covers various industries, like engineering and agriculture, which are crucial to the Midwest.
Today I will be sharing valuable information on the Economic Impact of the Engineering Industry in the Midwest and why this matters the most.
So, let’s dive in!
Introduction
The Midwest, recognized as a bustling hub for manufacturing and technology, thrives on the essential contributions of the engineering industry. It’s a complex industry with numerous sectors, such as automotive, aerospace, construction, and renewable energy.
It’s time to unwrap the importance of the engineering industry and its profound economic impact on the heartland of America.
Diving into the Engineering Industry
We have researched some data and statistics and shared an in-depth analysis of the engineering industry. Based on the U.S. Bureau of Labor Statistics data, here are some key statistics for the engineering sector.
Item | Description | Data |
Employment Rate | Total Employed (May 2022) | 277,560 |
| Share of Professional Engineering Sector | Significant |
Wage Statistics | Mean Hourly Wage | $48.47 |
| Mean Annual Wage | $100,820 |
| 10th Percentile Hourly Wage | $29.80 |
| 10th Percentile Annual Wage | $61,990 |
| 25th Percentile Hourly Wage | $37.01 |
| 25th Percentile Annual Wage | $76,980 |
| Median Hourly Wage | $46.31 |
| Median Annual Wage | $96,310 |
| 75th Percentile Hourly Wage | $58.98 |
| 75th Percentile Annual Wage | $122,680 |
| 90th Percentile Hourly Wage | $72.72 |
| 90th Percentile Annual Wage | $151,260 |
Industry Profile | Highest Levels of Employment | Architectural, Engineering, and Related Services; Machinery Manufacturing; Scientific Research and Development Services; Federal Executive Branch; Navigational, Measuring, Electromedical, and Control Instruments Manufacturing |
| Top-Paying Industries | Web Search Portals, Libraries, Archives, and Other Information Services; Oil and Gas Extraction; Other Pipeline Transportation; Natural Gas Distribution; Petroleum and Coal Products Manufacturing |
Geographic Profile | States with Highest Employment Level | Michigan, California, Pennsylvania, Texas, Ohio |
| Top-Paying States | New Mexico, District of Columbia, Louisiana, California, Alaska |
Why the Engineering Industry Matters to the Midwest
The engineering industry’s role in the Midwest goes beyond mere significance – it’s pivotal. It fuels the engine of innovation, birthing cutting-edge technologies that propel growth across other industries.
Moreover, it strengthens infrastructure development, fortifies manufacturing processes, and escalates regional competitiveness.
The exact number of engineering companies in the Midwest is relatively low. However, the region is known for its diverse engineering industry, including civil, transportation, hydraulic, structural, mechanical, electrical, and construction engineering companies
The number of engineers in the Midwest is projected to grow. For instance, there has been a 7.5% increase in 2019 the number of engineering bachelor’s degrees awarded.
There are numerous engineering jobs in the Midwest. According to Indeed, over 33,160 engineering jobs and 5,242 mechanical engineering jobs are available in the Midwest. ZipRecruiter lists 950 Midwest engineering jobs with salaries ranging from $122k to $173k.
Closer Look at the Sectors
According to the job search website Indeed, there are approximately 1,320,083 job openings in the Midwest as of the date of the search. Please note that this number is dynamic and changes frequently as new jobs are posted and existing postings are filled.
In manufacturing, there were 693,000 job openings in March 2023.
Conclusion
The engineering industry’s influence runs deep in the veins of the Midwest.
Its significant contributions to innovation, job creation, and infrastructure development bolster economic growth and augment regional competitiveness. With a promising future on the horizon, the industry is well-positioned to continue playing a significant role in sculpting the Midwest’s economic landscape.
Are you ready to dive deeper? We are ready to help!
Remember that several open positions await suitable candidates. Feel free to contact us if you need help with the application process or have any questions about our open positions.
Learn more about the economic landscape of the engineering industry in the Midwest. As your trusted guide, we’re here to help you know everything.
FAQs
FAQ 1: What are the main sectors within the engineering industry?
The main sectors within the engineering industry include automotive, aerospace, construction, renewable energy, information technology, and advanced manufacturing, among others. Each sector contributes uniquely to the industry’s economic impact and growth.
FAQ 2: How does the engineering industry contribute to the Midwest economy?
The engineering industry contributes to the Midwest economy through job creation, revenue generation, infrastructure development, and technological advancements. It drives innovation, attracts investments, and enhances the region’s economic prosperity.
FAQ 3: What are the employment opportunities in the engineering industry?
The engineering industry offers many employment opportunities, including engineers, technicians, researchers, and supporting staff positions. Job opportunities exist in various sectors, such as automotive, aerospace, renewable energy, and information technology.
FAQ 4: What are some of the challenges faced by the engineering industry?
The engineering industry in the Midwest faces challenges such as a shortage of skilled workers in emerging fields, the need to adapt to evolving technologies, and market demands. Overcoming these challenges requires collaboration, investments in education, and proactive industry-wide initiatives.
FAQ 5: What is the future outlook for the engineering industry in the Midwest?
The future outlook for the engineering industry in the Midwest is promising. Rapid technological advancements, increasing focus on sustainability, and the need for infrastructure modernization create opportunities for growth and innovation in the industry. Job creation and economic prosperity are expected to continue in the region.
