Can higher education beat unemployment?

Published: Monday, Aug. 20 2012 10:52 a.m. MDT

Students await Weber State College winter graduation ceremonies in December 2006. A new study has shown that those who receive a bachelor's degree are much more likely to have a job than those who only have a high school education.

Tom Smart, Deseret News

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Nowadays, it seems that the only way to score a job is for someone else to lose or leave his or her job. For more than two years there has essentially been no growth in the job market for about 43 percent of Americans over 18 years old, according to The Atlantic.

The article related information from a new report by Georgetown University's Center on Education and the Workforce. Since 1989, high school graduates who haven't received further education have struggled with finding employment. When the recession hit in 2008, employment growth for those with a bachelor's degree stood at 74 percent, whereas job growth for those without a college education was down 4 percent, according to a graph in the article.

Four years later (as of February), employment growth for those with a bachelor's degree has gone up to 82 percent, while high school graduates have struggled more than ever to find a job, with growth at negative 14 percent.

"This isn't to say college grads have been unaffected by the downturn — unemployment has risen, and many are working in jobs that don't require their skills," said the article. "But right now, a degree is pretty much the only reasonable insurance policy you can buy in this economy."

Email: ehong@desnews.com

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