Comments about ‘New census data show more Americans earning college degrees than ever before’

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Published: Monday, Feb. 27 2012 12:47 p.m. MST

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DeltaFoxtrot
West Valley, UT

And what percentage of adults holding those degrees were unemployed?

Education is a wonderful thing, but only when the economy creates jobs for educated people.

VST
Bountiful, UT

@DeltaFoxTrot asked, "And what percentage of adults holding those degrees were unemployed?"

The following data are 2010 annual averages for persons age 25 and over. Earnings are for full-time wage and salary workers.

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

Education Attained: Doctoral Degree
Median Weekly Earnings: $1,550
Unemployment Rate: 1.9%

Education Attained: Professional Degree
Median Weekly Earnings: $1,610
Unemployment Rate: 2.4%

Education Attained: Masters Degree
Median Weekly Earnings: $1,272
Unemployment Rate: 4.0%

Education Attained: Bachelors Degree
Median Weekly Earnings: $1,038
Unemployment Rate: 5.4%

Education Attained: Associate Degree
Median Weekly Earnings: $767
Unemployment Rate: 7.0%

Education Attained: Some College, No Degree
Median Weekly Earnings: $712
Unemployment Rate: 9.2%

Education Attained: High School Graduate
Median Weekly Earnings: $626
Unemployment Rate: 10.3%

Education Attained: Less than High School Diploma
Median Weekly Earnings: $444
Unemployment Rate: 14.9%

FoxTrot, please note the more education attained, the lower the unemployment rate. A college education not only pays, but also helps one to be less susceptible to being unemployed.

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