Education levels and unemployment at end of 2008

April 01, 2009

In 2008, individuals with less education experienced greater percentage-point increases in their unemployment rates than their more educated counterparts did.

Unemployment rates, by educational attainment, seasonally adjusted, fourth quarter 2007 and fourth quarter 2008
[Chart data—TXT]

The unemployment rate for individuals 25 years and older with less than a high school diploma increased from 7.5 percent in the fourth quarter of 2007 to 10.6 percent in the fourth quarter of 2008. The jobless rate for high school graduates with no college rose by 2.4 percentage points, to 7.0 percent, the highest quarterly rate since the series began in 1992.

The unemployment rate for those with some college or an associate’s degree increased by 2.0 percentage points, to 5.5 percent. Among college graduates, the unemployment rate increased by 1.2 percentage points, to 3.3 percent, equal to the previous peak in the fourth quarter of 1992.

These data are from the Current Population Survey. For more information on labor market trends in 2008, see "U.S. labor market in 2008: economy in recession," (PDF) by James Marschall Borbely, Monthly Labor Review, March 2009.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Education levels and unemployment at end of 2008 on the Internet at http://www.bls.gov/opub/ted/2009/mar/wk5/art03.htm (visited August 24, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • Fifty years of looking at changes in peoples lives
    Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.