This report builds on work of the Delphi Project on the Changing Faculty and Student Success, initiated in 2012, that has documented changes in the academic profession and its implications for higher education. While the Delphi Project has aimed to address specific issues--for example, by conducting and disseminating research on how faculty working conditions shape their ability to perform as teachers--this report takes a look at how broader trends and issues affecting faculty are reshaping the profession. In this report, the authors explore the issues and trends that have affected faculty in the United States over the past year. Their goal in developing this annual report is to provide a snapshot from varied sources about the state of the profession. Topics covered include the future job market, faculty accountability policies, shared governance, tenure, unionization, non-tenure track faculty, salaries, and benefits. The report also addresses issues specifically relevant for women and faculty of color in particular, along with a focus on trends in teaching and learning in general. A section of the report is also dedicated to challenging common myths about faculty. [This report is a resource created by The Delphi Project on the Changing Faculty and Student Success, an initiative of the Pullias Center for Higher Education at the University of Southern California.]