Steadfast FinancesEducation versus Unemployment Rate

Education versus Unemployment Rate

Filed in Career , Infographics & Chartology 2 comments

Update: Unemployment Rates by Education

As if you needed more ammo in the “education matters” debate, take a look at your chances of becoming a disposable worker (a less than flattering way of saying unemployed) if you only have a high school diploma or you’re a high school dropout.

Graphic via Chart of the Day.

Granted, a 5% unemployment rate for college graduates isn’t ideal (especially when you have tens of thousands in student loan debt), but I’ll take those odds any day when compared to a 10% unemployment rate for those only holding a high school degree.

I don’t have any data to support my theory, but I’m thinking the unemployment rate for graduate degree (MS, MBA, PhD) and professional degree (MD, DO, DDS, JD) as a whole is lower than 5%. Although, MBAs and JDs might be lagging professions in this theory because I knew several MBAs (finance guys) who are out of work, and one JD that’s having difficulty landing a job in her last year of law school.

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Posted by CJ   @   5 March 2010 2 comments
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Mar 7, 2010
7:43 am

Unemployment by degree going all the way up to PhD:

Mar 7, 2010
10:07 am
#2 Matt SF :

Thanks IE. Will be interesting to track the higher education degrees as the Great Recession plays out.

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