“President Obama wants to boost engineering graduation rates by 10,000 a year. In 2009, the US produced 126,194 engineering graduates for bachelor’s and master’s degrees and for Ph.D.s. The US had just over 1.9 million engineers in 2010. The unemployment rate in 2010 for all engineers was 4.5%. ‘We’ve made incredible progress on education, helping students to finance their college educations, but we still don’t have enough engineers,’ said Obama. He’s counting on the private sector to help expand the number of graduates. Obama, who outlined the goal on Monday, said the idea is to achieve the 10,000-engineer-increase without “a whole bunch of federal funding.”
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