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.
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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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