Higher Education = Lower Unemployment
The Bureau of Labor Statistics has found that people who finish degree programs in college earn much more over the course of their lifetimes than those who only earn high school diplomas or drop out of college. Sometimes the difference can be over a million dollars before retirement. But even more interesting, it was noted that people with undergraduate and graduate degrees manage to stay employed for longer periods, but also find jobs they qualify for more quickly. They spend less time searching and more time working.
Thanks Jim!
My only criticism would be that the headline figures of unemployment at either end of the unemployment rate scale (2% and 9%) are given with less precision than any of the other rates, making it difficult to tell if the unemployment rate for those with doctorates is higher or lower than the rate for those with professional degrees.
ReplyDeleteI like the graph. It's pretty interesting. As a college grad, it makes me proud to know that my effort to finish college actually means more than just the paper diploma. I plan to go back for an advanced degree and this only solidifies my motivation. Thanks for posting this.
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