Examines the disparity in unemployment rates for different college majors.
“As we recovered from the recession during 2010 and 2011, college graduates fared better than less educated workers. Overall unemployment rates during this period were 9–10 percent fornon-college graduates compared to 4.6–4.7 percent for college graduates 25 years of age or older. However, recent college graduates with a Bachelor’s degree or better were still bearing the greatest unemployment risk, with unemployment rates ranging from a low of 4.8 percent to a high of 14.7 percent depending on their major. Despite the slow recovery, the overall unemployment rate for recent college graduates was 7.9 percent and the overall unemployment rate for graduate degree holders was 3.3 percent” (p.3). (Abstractor: Author)

Major Findings & Recommendations

• “When workers are sorted by occupation and educational attainment, the risk of unemployment can be greater for workers in sectors affected by the recession than for recent college graduates employed elsewhere. (p. 6) • A graduate degree or work experience sometimes shelters them from higher unemployment rates…. The unemployment rate for recent architecture graduates was 12.8 percent, while the unemployment rate for graduates with experience in the field was 9.3 percent, the same rate for the economy overall. The unemployment rate decreased even further to 6.9 percent for those with a graduate degree. (p. 6) • Specific fields and the higher technical skills associated with these fields can and often do offer lower unemployment and higher earnings; however, as can be seen for architecture majors, certain fields of study can result in higher unemployment risk after graduation.” (p. 6) (Abstractor: Author)