The number of people applying for math jobs has been on the rise in recent years, as companies have sought to cut costs.
But according to a new report from Axios, the number of jobs offered to graduates of math programs in the U.S. is dropping rapidly, and it’s largely due to a shortage of highly skilled workers.
The number of applications for math and science jobs dropped 11% in the fourth quarter of 2018, according to the report, citing figures from the U-M Center for Research on Labor Market Dynamics.
That’s a big deal for graduates of high-demand fields, such as math and computer science, but it’s not all bad news.
“There are jobs that aren’t being offered anymore and are being held up because of the shortage of skilled workers,” said Michael Schramm, a senior fellow at the Roosevelt Institute who studies jobs.
Schramm said it’s hard to predict exactly why this is happening, but he believes that the shortage is related to the growing number of companies requiring their workers to learn math and computational skills.
While the number one reason for the decline in math jobs is the rise of robotics and artificial intelligence, Schramb said, there is also a growing number that are being lost because of automation.
The report cites a 2016 study that found that the number and growth rate of tech jobs declined from 4% to 2% in just three years.
In addition, there were about 40,000 job openings for people with a computer science or math degree in 2018, which is roughly double the number in 2017.
Schrams report comes after President Donald Trump promised to cut the cost of the college education system and make college more affordable, and he is reportedly considering the idea of allowing schools to offer a two-year degree instead of four years.
In addition, the report noted that a large percentage of the jobs that are going to graduates with the highest SAT scores are being filled by people with advanced degrees, which makes it difficult for graduates to find jobs.
The shortage of high tech jobs has also made it harder for graduates with less education to land job offers, according the report.
In fact, more than 30% of graduates with only a high school degree or less were out of a job in 2018.
Schumm said he was surprised by the number that were not offered jobs, especially since they tend to be relatively low-paying jobs.
“I didn’t think the number was so high,” he said.
Scholarship opportunities are also drying up, with fewer and fewer people applying to offer their scholarship funds, which could be used for tuition and other expenses.
In contrast, there are many opportunities to learn more about math and to apply to a variety of jobs.