Monday, August 09, 2004
Employment status of the civilian population 25 years and over by educational attainment
Our current unemployment rate is 5.5%. Which as a kid who grew up in the 80's I would call great. Today I went to the Bureau of Labor Statistics and found this fun chart, which tells us that the unemployment rate of those will a bachelors degree or better is only 2.7%. While those less than a high school diploma have an unemployment rate of 8.3%. Imagine how much harder it would be for the press to spin the BAD economy if they actually reported the numbers this way. And imagine how great it would for kids to KNOW that they would have better life outcomes if they got a better education.
Our current unemployment rate is 5.5%. Which as a kid who grew up in the 80's I would call great. Today I went to the Bureau of Labor Statistics and found this fun chart, which tells us that the unemployment rate of those will a bachelors degree or better is only 2.7%. While those less than a high school diploma have an unemployment rate of 8.3%. Imagine how much harder it would be for the press to spin the BAD economy if they actually reported the numbers this way. And imagine how great it would for kids to KNOW that they would have better life outcomes if they got a better education.
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