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DataPost
Does Education Matter?
Job Losses since the Great Recession
Federal Reserve Bank of San FranciscoEconomic Education Group
Date last updated: September 9, 2013
Unemployment by Educational AttainmentSeasonally adjusted, %
Total Less than High School
HS Graduate, No College
Some College or Associate Degree
Bachelor's Degree and Higher
0
2
4
6
8
10
12
5.0
7.7
4.73.8
2.1
7.3
11.3
7.6
6.1
3.5
Dec. 2007 Aug. 2013
http://www.frbsf.org/education/teachers/datapost/index.html FRBSF Economic Education GroupDataPost
Source: Bureau of Labor Statistics
Annotated Chart NotesUnemployment by Educational Attainment
Seasonally adjusted, %
Total Less than High School
HS Graduate, No College
Some College or Associate Degree
Bachelor's Degree and Higher
0
2
4
6
8
10
12
5.0
7.7
4.73.8
2.1
7.3
11.3
7.6
6.1
3.5
Dec. 2007 Aug. 2013
Source: Bureau of Labor Statistics
Percent of U.S. labor force that is
unemployed, grouped by levels of
education. Values are adjusted for seasonal factors that may spike
unemployment, like changes in weather, holiday events, and whether school is in
session.
Overall unemployment rate
Watch a video series featuring this data on FRBSF.org:
Economics in Person
http://www.frbsf.org/education/teachers/datapost/index.html FRBSF Economic Education GroupDataPost
What Do You Think?1. What was the unemployment rate for people without a high
school diploma in Dec. 2007? In Aug. 2013?2. What was the unemployment rate for college graduates in
Dec. 2007? In Aug. 2013?3. How would you describe the relationship between
unemployment and education at the beginning of the Great Recession (Dec. 2007) versus now (Aug. 2013)?
4. Why might the unemployment rate be higher for people without college degrees?
Watch a video about the toll of the Great Recession on U.S. Labor Markets at FRBSF.org
http://www.frbsf.org/education/teachers/datapost/index.html FRBSF Economic Education GroupDataPost