Higher Levels of Education Equal Lower Unemployment Rates

job industryThe 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.

9 Responses to “Higher Levels of Education Equal Lower Unemployment Rates”

  1. Roger Ramjet says:

    I haven’y looked for several years. But the last I heard is that a masters is
    needed to teach in NY, K through 12. NYC is facing a techer’s layoff-12,000
    master degrees or better unemployed. Nationwide there is expected to 100,000 teachers layed off of varrying degree level from bachelors to PhD.
    Education is great but no longer a guarantee of a job in the US. Engineers have been well aware of this for decades. But educators and politicians
    have perpetuated the employment myth. Education is only one light weighted factor in the equation to obtain work. It’s all about politics and economic policy, which is the most heavily weighted factors.

  2. Cynthia says:

    I have a Bachelors and a Masters degree. I have 15 years of corporate experience working in 13 different countries and I can communicate in 5 different languages. My $100K job was outsourced overseas because they have people who can perform the same function for $20K.

    I do believe in education but not for the traditional reason that we were raised with in this country. Although it was not explicitly stated, we were raised to believe that if you got a good education, you were “guaranteed” a good job with a good company.

    I believe that education is important because it helps us grow our minds but it does nothing to guarantee anyone’s financial future and we should not expect it to either. When I was employed in that $100K job, I was given the opportunity to manage a project with a team of overseas resources. Of course, I had to review the outsourcing contract to ensure that they complied with the terms of the agreement. I got to see how little they were being paid compared to our U.S. salaries.

    That same year I started my network marketing business in a cosmetics company. Some of my co-workers snickered at me because they thought I was “selling lipsticks.” Those same co-workers lost their jobs and took in some cases 1 to 2 years to find replacement jobs at much lower salaries.

    By then, I had built a team of reps because I FINALLY learned the concept of FINANCIAL LEVERAGE. I had trained my team, built a customer base and earned two company car allowances that I used to payoff my car note. I haven’t held a “traditional job” since 2005 and the residual income I earn from my customer base keeps coming in thanks to my sweat equity.

    I think there are some angry people out there but it’s not because of the jobs. I think they’re angry because the playing field, the market place, the fundamental assumptions and formulas that we were taught are turning out to be wrong for our times, for our economy.

    Robert Kyosaki nails this right on the head. Education is a “sacred cow” in this country. It’s marketed as the solution to the job problem and, I think, in some cases it is. But it’s no longer the guarantee of employment/income that people hoped it to be.

    People are angry because now they have to exert effort to reinvent themselves instead of lean back in their easy chair every night watching their sitcoms. It’s easier to blame the government than it is to hold ourselves accountable for not challenging old ideas.

    Our educational system does NOT teach people concepts such as FINANCIAL LEVERAGE and why having it is so very important. People are now waking up to the fact that they have to go outside of the mainstream educational system to places like Network Marketing to learn why building a customer base back in 1999 is still paying me even now in 2010 valuable profit even though I have not held a “job” since 2005.

  3. Charles says:

    How can the salary be $1555 for a doctoral degree? You have teachers on Long Island, NY making more than that per paycheck with just a Bachelor’s Degree and no teaching experience. They are making $50k-$60 k.

    What area is this article referring to?

  4. Annie says:

    Are these data 2010 data or 2009 data?

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