According to a new study from the Georgetown Center on Education and the Workforce, although a college degree gives job seekers an advantage, the unemployment rate varies by degrees.
The study finds that the highest unemployment rate is among architecture graduates at 13.9 percent because of the lack of construction and home-building industries in the recession. Unemployment is also higher for nontechnical majors, such as the arts at 11.1 percent or social sciences at 8.9 percent. Earnings vary among majors, with the median earnings hitting $55,000 for engineering majors and $30,000 for arts, psychology and social work majors.
Among recent graduates in math and computing, unemployment is at 6 percent for specialists who can write software and invent new applications, the study shows, but for those who use software to manipulate, mine and disseminate information is at 11.2 percent.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.