How Much Does Having a College Degree Help You Get a Job?

June 23rd, 2009 by theProfessor
theProfessor

It’s not always about getting a job, in this economy it is just as important to be able to keep your job. Most people believe that having more education will help you get a job and keep it. We are constantly researching just how much that college degree will help you in the job market. Recently we came across this information from the United States Department of Education which shows that people with a college education have less than one third of the unemployment rate of those without a high school degree. This is fairly compelling and shows the value of a degree in the job market.

Unemployment rates of persons 25 years old and over, by highest level of education: 2006
Figure 22. Unemployment rates of persons 25 years old and over, by highest level of education: 2006

SOURCE: U.S. Department of Labor, Bureau of Labor Statistics, Office of Employment and Unemployment Statistics, unpublished 2006 annual average data from the Current Population Survey (CPS).

There is still a lot more research to be done to find out the true value of online colleges.