Saturday, June 2, 2012

Majority Of Unemployed Have Some College

From The Wall Street Journal Real Time Economics Blog, "Number of the Week: Most Unemployed Have College Experience" by Phil Izzo:
52%: Percent of the unemployed who have spent at least some time in college.

In a significant shift in the labor market, the majority of people who are unemployed have some college education, reversing the situation that prevailed for decades. In 1992, only 37% of the unemployed had some college experience.
In May 4.8 million of the 9.2 million people older than 25 looking for work had spent at least some time in college, while 48% of the unemployed had only completed high school.

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