Friday, November 6, 2009

Unemployment by Education

It would be interesting to see where GDP comes from, how much of GDP is produced by which educational stratum. The reason why it's interesting is that people with high school but no college, the lowest stratum measured, have, not surprisingly, shouldered most of the surge in unemployment. The gap in unemployment between people with a bachelor's or higher and people with only high school has increased pretty much in the same shape as the level in unemployment for people with only highschool as increased (see the two green lines in the figure below--click on it to see the graph better.) Unemployment for people with a bachelor's degree has actually declined in October.
So if people with a bachelor's or higher account for a disproportionate share of growth this could actually be good news.


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