Finishing a bachelor’s degree has enormous impact on employment and earnings during recent recession

Jan 10th, 2013 | By | Category: FEATURED ARTICLES

Prior to the recession,  people who held a bachelor degree were more likely to have a job than those who had an associate degree and associate degree holders were more likely to have a job than those with a high school education. During the recession (defined here as 2007-2009), employment of those who had a bachelor degree dropped by about 7%, associates dropped by 11% and the employment of high school graduates dropped by 16%. Average wages for college graduates dropped by 5%, 12% for those with associate degrees, and 10% for those with a high school diploma. In every way you can measure it, the bachelor’s degree was highly positive for employment outcomes during this tough period.

The full text of the study is available here

 

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