Yglesias

Unemployment Rate By Education Level

CREDIT:

Yesterday I mentioned the significant differences in unemployment rate according to levels of educational attainment. Turns out that Calculated Risk made a good graph about this:

unemploymenteducation-1

Obviously that number for college graduates is a sign of an overall poor labor market. But you’d have to say that mass unemployment is really not a crisis-level issue among those with bachelor’s degrees. Among people with no college education, and especially among high school dropouts, it’s an entirely different story. So stay in school. But also note that the experience of the recession for the social class that dominates the media is not typical.