Career and Job-Hunting Blog
Career and job-search news, trends, and scoops for job-seekers, compiled by the staff of Quintessential Careers.
|Career and Job-Hunting Blog Index|
|September 22, 2010|
Analysis of unemployment data clearly shows that more education reduces likelihood of unemployment — even during a weak job market.
In an analysis reported by the AP of U.S. Department of Labor statistics, people without a high school diploma remain more than three times as likely to be unemployed than are college graduates, with 1 in 7 people with just some high school education unemployed and only 1 in 22 people with a college degree unemployed.
More specifically, here is a comparison of unemployment rates by education, comparing pre-recession (December 2007) and August 2010.
- 7.8 percent to 14 percent for people who did not graduate from high school
- 4.7 percent to 10.3 percent for those with just a high school diploma
- 3.9 percent to 8.7 percent for people with some college
- 2.1 percent to 4.6 percent for those with bachelor’s or more advanced degrees
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