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Postsecondary Education and Training Matter

 

After suffering the largest share of job losses in the recession, Americans with no more than a high school education have continued to lose jobs during the sputtering recovery while better-educated people have gained millions of jobs, according to a Georgetown University study

Over nearly five years of financial turmoil, Americans across a broad spectrum have suffered blows to wages, benefits and savings. But when it comes to employment, the crux of financial survival, the study revealed a tale of sharply different economies, defined by education.

Even during the recession, as millions of jobs vanished, the number of people with bachelor’s degrees who had jobs did not decline. And even as employment rose during the recovery, people who did not go to college continued to lose ground, shedding 200,000 jobs from early 2010 to early 2012.

“The extent of both are surprising,” said Anthony P. Carnevale, director of the Center on Education and the Workforce at Georgetown and a co-author of the study. “The economy we all have in our minds is the one we had in 2006, and it’s gone.”The study, based on data collected by the Census Bureau and the Bureau of Labor Statistics, divided the nation’s work force of 140 million people into three groups: those who did not go to college, those with some college education or an associate degree, and those with at least a bachelor’s degree…

nytimes.com

via Job Losses Persist for the Less-Educated – NYTimes.com.

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