Those with at least a 4-year bachelors’ degree show an average unemployment rate of 3.2%, well below the national average. In a recent seminar, some interesting data was presented concerning these topics. All rights reserved. fields, source:iStock.com/clu uses: library digitization, source:iStock.com/CurvaBezier uses:federal funded programs, source:iStock.com/maxuser uses: academy-industry relationships, source:iStock.com/MTMCOINS uses: sergeant, source:iStock.com/SimplyCreativePhotography uses: student finance, source:iStock.com/tillsonburg uses: strikes, source:Wikipedia caption: Notre Dame Quad, source:Wikipedia/Lakshmansrikanth uses: law library, South Dakota School of Mines and Technology, South Metropolitan Higher Education Consortium, South Orange County Community College District, Southern Illinois University-Edwardsville, State University of New York at New Paltz, Stella and Charles Guttman Community College, Student Community College of Baltimore County, Students at Community College of Baltimore County, SUNY College of Agriculture and Technology at Cobleskill, SUNY College of Environmental Science and Forestry, The University of North Carolina at Chapel Hill, Tressel speaks to students on campus. The U.S. average labor force participation rate is approximately 63%. Will 2022 Bring a Return to 'Normal' After Mostly Online 2021 Semesters. Impact of education on income and unemployment There has been much discussion in the news concerning the relationship among education level, employment, and income. 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For this fall, if the past is any indication, the 0.8 percentage point drop in unemployment from 2014 to 2015 should translate into between a 1 and 3 percent enrollment decline. We use cookies to help provide and enhance our service and tailor content and ads. ScienceDirect ® is a registered trademark of Elsevier B.V. ScienceDirect ® is a registered trademark of Elsevier B.V. China's higher education expansion and unemployment of college graduates, Fundamental Research Funds for the Central Universities, National Natural Science Foundation of China. Founding Director Alan Lightman is pictured on the center right. The impact of the degree subjects of study is important to your employment prospects. Employment and unemployment rates, much more than the number of high school graduates or other population trends -- which are important over time but very slow moving -- are the biggest factors driving enrollment for community colleges, for-profit colleges and some open-access four-year institutions. https://doi.org/10.1016/j.chieco.2013.08.002. Nate Johnson is a higher education researcher and principal of Postsecondary Analytics, LLC. The bottom line is that education does have an impact on employment, income, and who participates in the workforce. master of New College of the Humanities. 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