June 8, 2009

Why go to college? Less Unemployment!

Posted in Misc at 2:10 PM by Joe From Boston

I hear a lot of horror stories from people who can’t pay back their loans, but for most people college is a really good investment.  Lest you still not be sure, take a look at ehse figures from the Wall Street Journal:

“The unemployment rate for workers over 25 years old who haven’t gone beyond high school rose to 10% in May, nearly doubling from 5.2% a year earlier, the government said Friday. Among workers who haven’t completed high school, the unemployment rate rose to 15.5%, compared with 8.4% last year.

By contrast, the jobless rate among those with four-year college degrees was 4.8%, up considerably from 2.3% a year ago, but well below the rate for people with less education.”