Unemployment does not strike indiscriminately. Education, and with it, skills and competencies make a huge difference.
Last october, the unemployment rate for 25 years and older (seasonally adjusted) in the United States was more than three times lower among peoples with Bachelor’s degree and higher (3.8%) than among those who have not completed high school (12.2%). Yes, indeed, education still matters.
Source: Data presentation by JMM with FRED and BLS http://www.bls.gov/news.release/empsit.t04.htm
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