Finishing a bachelor’s degree has enormous impact on employment and earnings during recent recessionJan 10th, 2013 | By Walter Pearson | 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.