More Evidence of Economic Value of College Degrees

Throughout the economic downturn, some pundits and politicians have suggested that there is limited value to a college degree. An analysis in The New York Times, based on the latest unemployment data, suggests otherwise. The Times noted that in April, when the national unemployment rate was 7.5 percent, the rate for college graduates was 3.9 percent. Further, the number of college-educated graduates with jobs is now up 9.1 percent since the recession started. The number of those with a high school diploma, but no college degree, who have jobs is down 9 percent.