While graduates, parents, and journalists raise thoughtulquestions about the worth o acollege degree, this update conrmswhat we’ve said all along: it stillpays to earn one. As we recoveredrom 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