Long Term Unemployed College Educated Out Of Work As Long As High School Dropouts

From BloomberBusiness, "College Degree Is No Guarantee You'll Leave Ranks of Unemployed Quickly: College isn't preventing Americans from becoming long-term unemployed" by Gail Degeorge:

...once you're out of work, being better educated barely seems to improve your chances of finding a new job within half a year, a recent analysis by the Bureau of Labor Statistics shows. Of those ages 25 or older with at least a bachelor's degree who were jobless last year, 37.7 percent were out of work 27 weeks or longer. That compares with 38.3 percent for those who didn't finish high school.

Source: BloombergBusiness

***The pattern also seems fairly consistent. In 2007 -- the 18-month recession started in December that year -- 21 percent of the jobless with college degrees were unemployed long-term, compared with 20.5 percent who hadn't completed high school. [Emphasis added.]