Education and Unemployment

Tuesday, February 10th, 2009 at 2:09 pm by

Last Friday, it was reported that the nationwide unemployment rate jumped from 7.2 percent in December to 7.6 percent in January. For the third month in a row, the nation lost over 500,000 jobs.

One striking note buried in the report concerns the connection between education and unemployment.  Here are the nationwide unemployment rates for from January for individuals with varying levels of education:

High school dropout:  12%

High school graduate, some college:  8%

Some college or associate degree:  6.2%

Bachelor’s degree and higher:  3.8%

The disparity is longstanding and did not emerge during this recession.

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