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DaVinci Coders
March 13th, 2013 at 10:37 am

Difference in unemployment by level of education

The question of whether college is “worth it” continues to be hot.

Last week, the national unemployment rate fell from 7.9 percent to 7.7 percent after a strong Non-Farm Payrolls report. But the unemployment rate differs greatly for people with different levels of education.

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From Bill McBride at Calculated Risk, here’s the latest look at the differing levels of unemployment by level of educational attainment.

For those with a bachelor’s degree (blue line), the unemployment rate is below 4 percent.

For those with no college (purple line), the unemployment rate is around 8 percent.

The question of whether college is “worth it” continues to be hot. Those who believe it is worth it will find this data helpful, although some will say that college enrollment self-selects for the more talented, and thus the relationship between low unemployment and having a bachelor’s degree is more correlated, rather than causal.

Via Business Insider

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