As Louisville focuses on growing 21st Century Jobs while increasing educational attainment, GLP is examining the types of degrees and jobs that are most critical to that growth. The 2013 Competitive City Report illustrates the impact Science, Technology, Engineering, and Math (STEM) education and jobs have in the Innovation Economy and how Louisville compares among its 14 peer cities. Data show there are greater economic effects within a city when there are higher numbers of STEM workers, including lower unemployment rates, higher incomes, and less income inequality. The content contained in this report shows Louisville’s areas of strength and opportunity in STEM education and workforce as we work to advance long-term progress and increase our competitiveness in the 21st Century Economy.
Data References & Citations
Rothwell, J. (2013). The Hidden STEM Economy. Washington, DC: Brookings Institution.KentuckianaWorks (2013). Human Capital Scorecard, author calculations.Economics & Statistics Administration, United States Department of Commerce. (2011, July 14). STEM: Good Jobs Now and for the Future. Available at http://www.esa.doc.gov/Reports/stem-good-jobs-now-and-future
.Bureau of Labor Statistics (Winter 2013–2014). Charting the Projections: 2012–2022. A Special Issue. Occupational Outlook Quarterly
. Available at http://www.bls.gov/opub/ooq/2013/winter/winter2013ooq.pdf
.Bureau of Labor Statistics (2014, January 17). Job Openings and Labor Turnover—November 2013. Available at http://www.bls.gov/news.release/pdf/jolts.pdf
.Sullivan, A. (2013, August 19). Why jobs go unfulfilled even in times of high unemployment. The Atlantic
. Retrieved from http://www.theatlantic.com/business/archive/2013/08/why-jobs-go-unfilled-even-in-times-of-high-unemployment/278801/
.Money Morning (2013, July 29). US unemployment: Three million jobs in America are waiting to be filled. Money Morning
. Retrieved from http://moneymorning.com/2013/07/29/u-s-unemployment-three-million-jobs-in-america-are-waiting-to-be-filled/
Rothwell, J. (personal communication; January 3, 2014). Data compiled using 2011 ACS data and methods described in “The Hidden STEM Economy” [(Washington, D.C.: Brookings Institution (2013)].)
Bluegrass Economic Advancement Movement (2013). Seizing the manufacturing moment: An economic growth plan for the Bluegrass region of Kentucky. Available at www.Brookings.edu.