College educated? You're doing better than most.

Unemployment rates are slowly falling for all groups, but those who have a college degree are faring better. The recovery for this group looks significantly different than it does for groups with lesser educational backgrounds.

By , Guest blogger

  • close
    Job seekers wait to speak to a representative for positions at a new Target store in San Francisco, Calif., in 2012. Although unemployment rates are falling nationwide, joblessness continues to hit those with less education harder than those with college degrees.
    View Caption

The multi-speed nature of the economic recovery has perhaps been the single greatest source of confusion for market-watchers, journalists, investors and business owners over the last few years. When most people talk in terms of "the economy" being good or bad, they mean it as a whole. Much harder to have that discussion without all of the caveats these days.

For example, the unemployment rate for the college-educated is under five percent and is now attaining the levels of the Bush or Clinton administration. The recovery for this demo looks and feels significantly different than it does for groups with lesser educational backgrounds - although unemployment is slowly falling for all.

From Bill McBride:

Recommended: Five signs Americans are forgetting recession's lessons

Clearly education matters with regards to the unemployment rate - and it appears all four groups are generally trending down. Although education matters for the unemployment rate, it doesn't appear to matter as far as finding new employment (all four categories are only gradually declining). Note: This says nothing about the quality of jobs - as an example, a college graduate working at minimum wage would be considered "employed."

Share this story:
 
 
Make a Difference
Inspired? Here are some ways to make a difference on this issue.
Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.
 

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...