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According to a recent survey, 50% of recent college graduates are unemployed or underemployed; many, in fact, are resorting to the kinds of entry-level jobs that they went to college to avoid.
Unemployment rates historically are lower for those groups with higher levels of education. For example, in May 2016 the unemployment rate for workers over 25 years of age was 2.5% for college graduates, 5.1% for those with a high school diploma, and 7.1% for those without a high school diploma.
The Pew Research Center estimated in 2012 that the average college graduate earns as much as $650,000 more than the average high school graduate over the course of a 40-year career, roughly $1.4 million versus $770,000. Factoring in the cost of college and foregone investment income, the average college graduate still ends up an estimated ...
The educational attainment of the U.S. population is similar to that of many other industrialized countries with the vast majority of the population having completed secondary education and a rising number of college graduates that outnumber high school dropouts. As a whole, the population of the United States is spending more years in formal ...
Top 10 places for new college graduates. Oshkosh-Neenah, WI Metro. Unemployment rate: 0.5%. Income for bachelor's degree holders: $61,016. Basic costs for a single adult: $32,760
A US Department of Education longitudinal survey of 15,000 high school students in 2002 and 2012, found that 84% of the 27-year-old students had some college education, but only 34% achieved a bachelor's degree or higher; 79% owe some money for college and 55% owe more than $10,000; college dropouts were three times more likely to be unemployed ...
The survey does not measure graduation rates from different educational institutions, but instead, it measures the percentage of adult residents with a high school diploma. [ 4 ] Overall, 90.3% of Americans over the age of 25 had graduated from high school in 2021, with the highest level found in the state of Massachusetts at 96.1% and the ...
As the tertiary education of most students in Western countries is fully or partially subsidized by government monies (because it takes place at a state university or public university or because the student receives government loans or grants), the underemployment of recent college graduates may also be an ineffective use of public resources ...