Report: Manufacturing skills gap could hit 2 million jobs by 2025

Oct 09, 2015

A new report estimates that a majority of needed manufacturing jobs could go unfilled over the next decade without better cooperation by industry, government and higher education.

Electronic components distributor Newark element14 issued a report on the manufacturing sector's "skills gap" to mark National Manufacturing Day.

The analysis estimated that 2 million of the 3.5 million jobs needed in manufacturing by 2025 could remain vacant.

The report also said that companies lose $14,000 on average for every manufacturing job that goes unfilled for at least three months, and that those vacancies negatively impact employee morale and productivity.

Read more about how to keep students in STEM fields.

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