Key Insights from NSF’s 2024 State of US Science and Engineering report

The National Science Foundation’s State of U.S. Science and Engineering 2024 report comprises nine individual reports that together form the Science and Engineering Indicators of 2024. This report provides a current overview of the U.S. science and engineering enterprise, focusing on trends in STEM education, workforce development, research and development (R&D), and global innovation. It also considers the recent impacts of global events like the COVID-19 pandemic and outlines the future challenges and opportunities facing the U.S. in maintaining its leadership in science and technology. As the voice of engineers around the world, it is essential for ASME and its members to stay informed about these trends to be able to focus efforts on ensuring the most critical areas of engineering development are addressed and supported.   

The report highlights a significant decrease in U.S. student math performance post-COVID-19, as well as a notable increase in international graduate student enrollment in science and engineering fields, reaching 310,000 in 2022. The 2024 report indicates how women account for a significantly less amount of engineering degrees than men, leading to underrepresentation in the STEM workforce, accounting for only 35% of all STEM workers in 2021. Additionally, Hispanic, Black, and American Indian individuals are underrepresented among STEM degree recipients and STEM workers with bachelor's degrees or higher. ASME's dedication to STEM education positions them as a pivotal player in utilizing this data to develop pathways and programs to careers in engineering. It is a priority for ASME to continue to bridge talent gaps through advocacy, equity, and diversity initiatives to advance the engineering community on all levels.   

Furthermore, the report also touches on R&D trends and America’s position in global competitiveness. In 2021, the U.S. was amongst the world’s leading R&D economies with $806 billion and 3.5% of its GDP (Gross Domestic Product) products in expenditures. It is essential that ASME continues to advocate for increased federal investment in research. Engineers are pivotal in transforming R&D investments into economic value by developing new products, processes, and technologies, which is crucial for maintaining competitiveness.   

This up-to-date analysis on the U.S. Science and Engineering enterprise guides ASME in advancing mechanical engineering, supporting STEM education and workforce development, fostering innovation, and advocating for policies that benefit the engineering community and society.   

To read the full report click here