Celestin Jean

Econ 2205-03

Mrs. jane

2020-1-04

1) In my first Graph, the unemployment rate from the last 20 years

Compared to the Unemployment rate between those who’re 25 years of

age or older having a high school diploma, less than a diploma, or

bachelor’s degree or higher I see the obvious trend of higher

unemployment with those who just have a high school diploma or less. As

you can see Below high school grads with no degree on average are almost

equal to but less than the standard unemployment rate. The lowest

unemployment rate is those who have a bachelor’s degree or higher, which

shows the more educated of the population have a less likely chance of

unemployment based on this graph which represents the last 20 years. I

can see the rise and fall of the data at different intensities depending if

someone was well educated or not.

2)
 The Data Differs in very interesting ways. Although they align with

the standard unemployment rates highs and lows, you can see a pattern of

higher unemployment of those with less education. When the graph dips at

certain points of high unemployment those with a bachelor’s degree or

higher are less affected by the rise of unemployment. Another very

interesting difference is between the regular un employment rate and

those who have higher education. Even compared to the standard

unemployment rate those who have a bachelor’s degree or higher still

experience lower unemployment when a recession occurs.

3) The Differences are most likely occurring because of the difference in skill

sets and value of those skill sets to society that someone who is highly
 educated might have compared to those with either no high school

diploma or just a high school diploma. Based on this data, a person with

less education will be more affected by something like a recession or rise of

unemployment in the work force. As you can see in the graph around 2008

there was a spike in unemployment and the graph can back my last

statement by showing those with a bachelor’s degree weren’t affected as

much as those without one.

4) This second Graph above is the comparison of the unemployment rate

between men and women. Even though this has nothing to do with

education I found it interesting that men had a lower rate of

 unemployment than women on average. I then decided to do some digging

and draw the conclusion based on statistics from the U.S Census Bureau

(https://www.census.gov/data/tables/time-series/demo/educational-

attainment/cps-historical-time-series.html) that men over the last 20 years

have been at a higher rate of having a bachelor’s degree or higher than

women. Until just recently within the last 5-10 years or so. The graph below

shows this data not only from the last 20 years but from the last 80 years.

5) I Believe it is important to dig deeper into the data to find these very similar

and interesting details and funny connections between graphs/data and the

world we live in today.