Higher Levels of Education Equal Lower Unemployment Rates
The job market is struggling. The national unemployment rate has been hovering around ten percent for months. However, a new study shows one way you can increase your chances of getting a job: Higher education.
According to USCollegeSearch.com, the higher degree of education a person has, the lower his or her chances of being unemployed become. Also, people with higher levels of education can expect a higher salary level.
Let’s break it down:
Less than a High School Diploma: The average person who has not earned their high school diploma can expect a salary level of $426, and an unemployment rate of nine percent.
High School Graduate: The average high school graduate can expect a salary level of $591, and an unemployment rate of 5.7 percent.
Some college, no degree: The average person who has attended some college, but has not earned a degree, can expect a salary level of $645, and an unemployment rate of 5.1 percent.
Associate’s Degree: The average person who has earned their Associate’s degree can expect a salary level of $736, and an unemployment rate of 3.7 percent.
Bachelor’s Degree: The average person who has earned their Bachelor’s degree can expect a salary level of $978, and an unemployment rate of 2.8 percent.
Master’s Degree: The average person who has earned their Master’s degree can expect a salary level of $1,228, and an unemployment rate of 2.4 percent.
Professional Degree: The average person who has earned their professional degree can expect a salary level of $1,522, and an unemployment rate of 1.7 percent.
Doctoral Degree: The average person who has earned their Doctoral degree can expect a salary level of $1,555, and an unemployment rate of 2 percent.
So, if you want to spend less of your time without a job and want to earn more on your paycheck each month, keep striving towards a higher education.