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HARD TIMES: College majors, unemployment and earnings

HARD TIMES: College majors, unemployment and earnings

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Published by Statesman Journal
It Still Pays to Earn
a College Degree
But Not All College
Degrees are created
Equal
It Still Pays to Earn
a College Degree
But Not All College
Degrees are created
Equal

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Published by: Statesman Journal on Jul 13, 2013
Copyright:Attribution Non-commercial

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07/30/2013

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ANTHONY P. CARNEVALE
HARD TIMES
BAN CHEAH
 
COLLEGE MAJORS, UNEMPLOYMENT AND EARNINGS
 
 May 2013
 
While graduates, parents, and journalists raise thoughtulquestions about the worth o acollege degree, this update conrmswhat we’ve said all along: it stillpays to earn one. As we recoveredrom the recession during 2010and 2011, college graduates aredbetter than less educated workers.Overall unemployment rates duringthis period were 9–10 percent ornon-college graduates compared to4.6–4.7 percent or college graduates25 years o age or older. However,recent college graduates with aBachelor’s degree or better are stillbearing the greatest unemploymentrisk, with unemployment ratesranging rom a low o 4.8 percentto a high o 14.7 percent dependingon their major. Despite the slow recovery, the overall unemploymentrate or recent college graduatesis 7.9 percent and the overallunemployment rate or graduatedegree holders is 3.3 percent.
It Still Pays to Earna College DegreeBut Not All CollegeDegrees are createdEqual

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