The Value of Education
No surprise here. An increasingly sophisticated American economy demands and rewards those with skills and solid educational attainment. The unemployment rate for those who did not finish high school was 13.8% in December, up sharply from November’s 13.3% rate. The unemployment rate for those with a high school diploma but no college dipped slightly to 8.7% in December, versus 8.8% in the prior month.
The unemployment rate for those with some college or an Associate’s degree was 7.7% in December, up slightly from 7.6% in November. And finally, the unemployment rate for those with a Bachelor’s degree and higher dropped sharply to 4.1% in December, versus 4.4% in November.
