I was listening to some show on the radio, I think it was Market Timer with Bob Brinker. Anyway, he had the breakdown of the unemployment numbers by education level. I forget the exact numbers, but they basically went
4.7 overall
High school diploma 4.3
Any college 3.9
bachelors 3.3
Masters or PHD 2.8
No highschool diploma 7
That was amazing to me. Certainly tells you the value of education. Anyone else see those numbers anywhere? I couldn't find them to verify them.
Giantrobo
02-05-06, 03:57 AM
Makes sense to me.
crazyronin
02-05-06, 08:21 AM
I would, but your numbers average to 4.26 not 4.7, as they would if all the numbers were correct.
OldDude
02-05-06, 08:50 AM
It has to be a weighted average based on population in each category. There are many more high school dropouts than PhDs, but from the article, we don't know the proper numbers to construct the weighted average to get the correct "overall.".
PChmura
02-05-06, 08:52 AM
US Dept of Labor
Unemployment rate in 2003
2.1 Doctoral degree
1.7 Professional degree
2.9 Master's degree
3.3 Bachelor's degree
4.0 Associate degree
5.2 Some college, no degree
5.5 High-school graduate
8.8 Some high-school, no diploma
bhk
02-05-06, 12:22 PM
So what you're saying is that the choices people make can have consequences?
:lol:
You're going to get a tongue lashing from c-man about how it's the government's responsibility to find jobs for everyone.
Myster X
02-05-06, 12:38 PM
5.2 Some college, no degree
5.5 High-school graduate
8.8 Some high-school, no diploma
big differences between high school diploma but not much between hs grad and some college
bhk
02-05-06, 12:43 PM
Some college = HS grad.
Josh H
02-05-06, 12:54 PM
Yeah, if you don't get a degree, you're no different that a high school grad as all that goes on your resume is diplomas and degrees.
Anyone that sees some college will probably just assume that you either flunked out or didn't have the commitment to finish what you started and hold it against you.
Tracer Bullet
02-05-06, 01:11 PM
Some college = HS grad.
Not necessarily. An associate's degree, for example.
Sdallnct
02-05-06, 02:15 PM
Too lazy to look it up, but I think there are similar numbers representing the $$ made by education. The more education the more $$ (but again, I don't think it is all that drastic once you get by college degree).
Josh H
02-05-06, 04:12 PM
Not necessarily. An associate's degree, for example.
That gets counted as a college degree.
Some college means you went but didn't get any type of degree. At least that is standard in surveys I've seen and used.
Tracer Bullet
02-05-06, 06:13 PM
That gets counted as a college degree.
Some college means you went but didn't get any type of degree. At least that is standard in surveys I've seen and used.
For some reason I thought it was counting bachelor's only.
Josh H
02-05-06, 10:33 PM
For some reason I thought it was counting bachelor's only.
It's generally any college degree, if the question just says "some college" or "college degree."
If a research wants to diffferentiate, the responses are usually something like, "some college" "2 year college degree" "4 year college degree" and so on.
But of course their are crappy surveys that don' do it that way. :D
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