US Unemployment And Labor Force Charts By Education Level From CalculatedRisk

From CalculatedRisk, "Trends in Educational Attainment in the U.S. Labor Force" by Bill McBride, Sunday, May 12, 2024:

The first graph shows the unemployment rate by four levels of education (all groups are 25 years and older) through April 2024.***Clearly education matters with regards to the unemployment rate, with the lowest rate for college graduates at 2.2% in April, and highest for those without a high school degree at 6.0% in April.

Source: CalculatedRisk

*** This brings up an interesting question: What is the composition of the labor force by educational attainment, and how has that been changing over time?

Here is some data on the U.S. labor force by educational attainment since 1992.

Source: CalculatedRisk

Currently, over 64 million people (25 and over) in the U.S. labor force have a bachelor's degree or higher.

This is over 44% of the labor force, up from 26.2% in 1992.