Monday, May 28, 2012

College dropouts in low demand

Investor's Business Daily reports
Unemployment for those 25 and up with some college but no degree was 8% in April compared to 6.6% for the age group, measured on a more volatile seasonally unadjusted basis. In the same month, the jobless rate was 7.7% for 25-and-up high school grads with no college and 6.2% for those with a two-year college degree.
That is really surprising. You would think that employers would be looking for people who have demonstrated . . . disinterest in hard work by dropping out of college?

They also report
Out of 9 million unemployed in April, 4.7 million had gone to college or graduated and 4.3 million had not, seasonally adjusted Labor Department data show.
Since (based on numbers in the article) it is implied that there are about twice as many college graduates and drop-outs as people with a HS diploma who never attended college, the implied unemployment rate for college attendees is half of the other group. But that wasn't worth mentioning.

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