Wednesday, May 9, 2018

Trends in Educational Attainment in the U.S. Labor Force

The first graph shows the unemployment rate by four levels of education (all groups are 25 years and older) through April 2018. Unfortunately this data only goes back to 1992 and includes only two recessions (the stock / tech bust in 2001, and the housing bust/financial crisis). Clearly education matters with regards to the unemployment rate - and all four groups are generally trending down. Click on graph for larger image. Note: This says nothing about the quality of jobs - as an example, a college graduate working at minimum wage would be considered "employed". This brings up an interesting ......(read more)
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