Do you want a way to lower your unemployment rate? Well there is a proven & trusted method to lower your unemployment rate. It starts with getting an education. In this post, there will be facts & figures from the US Bureau of Labor Statistics
Aug 2010 Unemployment Rate Broken Down Based Upon Education
- Less than High School Diplomia – 11.4%
- High School Diplomia – 10.3%
- Some College or Associates Degree – 8.7%
- College Degree & Higher (Bachelors) – 4.6%
For a complete list of the unemployment rate based on education break down click here
Notice the Historically Lower Unemployment Rate
Business cycles run their course and the economy goes from expansion to recession—but regardless of whether the economy is booming or contracting, an inverse relationship exists between education and unemployment: more education is associated with less unemployment. In 2009, the unemployment rate for workers with college degrees was 4.6 percent. The rate for workers without a high school diploma was 10 points higher.
Looking at these numbers it’s easy to see how getting an education can significantly help you in your short-term job search and long-term career.
Notice the Historically Higher Earnings
If you think what people say about higher education leading to higher earnings is a cliché, you might want to consider that sometimes clichés are true. In 2009, the median weekly earnings of workers with bachelor’s degrees were $1,137. This amount is 1.8 times the average amount earned by those with only a high school diploma, and 2.5 times the earnings of high school dropouts.
Looking at these numbers it’s pretty easy to see how you can raise your wage & lower your unemployment rate.
Use this information to get a handle on what you need to do regarding a new job.
Many people find themselves looking for classes in their area to help land a new job. Investing in your education can pay back dividiends over the short term and long term. What decision will you make?
If you’re looking for courses in your area, we suggest using FindMyDegree.com
If your happy with your level of education but want some FREE resources to help you job search, check out Kevin Kermes FREE resources page.
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