Archive for February, 2009

Unemployment vs. Educational Level

Tuesday, February 17th, 2009

This 2004 article from the Bureau of Labor Statistics compares the unemployment rates for individuals with different levels of education from 2003.  Individuals with a high school diploma or GED saw an average 5.5% unemployment rate (compared to 8.8% for those without a high school diploma), while those with a Master’s degree or higher saw unemployment rates under 3%.  Those with professional degrees (MD, JD, DDS, etc.) saw a 1.7% unemployment rate.

http://www.bls.gov/opub/ooq/2004/fall/oochart.pdf

Education attained vs. earnings

Tuesday, February 17th, 2009

This 2002 Census publication compares lifetime earnings based on education attained.  For example, an individual with a high school diploma would make about $30,000 (1999 dollars) average over a lifetime.  An individual with a Master’s degree can more than double that with an average annual income of $63,000.

http://www.census.gov/prod/2002pubs/p23-210.pdf