What does the acronym, "STEM" stand for when referring to jobs/careers?

The STEM is an ellipsis for science, technology, engineering, and math. Natters of STEM-related projects have turned into a presidential need in light of the fact that excessively few undergrads are seeking degrees in these fields. The U.S. Department of Labor expects that there will be 1.2 million employment opportunities in STEM related fields by 2018, yet there won't be sufficient qualified graduates to fill them.

Numerous individuals would concur that STEM is the way to development and occupation creation in the United States. Ex. President Obama constantly references the significance of STEM education in making the United States more competitive in the worldwide economy.