The Value Of An Education

One of the blogs that Fulano follows is Calculated Risk. It’s a little nerdy in that the author is totally immersed in statistical data, but he comes up with some real gems of data that are found nowhere else.

Calculated Risk recently came up with an unemployment chart for the past 20-years, broken down by years of education attained.

Click to enlarge.

One of the great revelations is the value of an education. Even in the depths of the worst recession since the great depression of the 1930’s, those with at least a bachelor’s degree never had an unemployment rate over 5%. Compare that to people with less than a high school education who are 15% – 16% unemployed.