Skills and Education Matter

While we still read about the thousands of unemployed workers and a 5 percent unemployment rate, consider this breakdown.

Unemployment rate for college graduates is 2.3 percent, not significantly worse than the 2.1 percent unemployment rate for college graduates in April 2000, when the overall rate hit a 40-year low. 

By comparison, workers with only a high school education had a 4.7 percent unemployment rate in June, far worse than the 3.3 percent rate in April 2000, while high school dropouts have a 7.0 percent unemployment rate today.

Source: Department of Labor, August 2005


Ira S Wolfe