March 19, 2003
The rise in unemployment rates among more highly educated workers during the recent downturn resembles that of past recessions. However, it appears that workers with more education fared worse than in past downturns relative to less well educated workers.
Since the start of recession in the first quarter of 2001, the unemployment rate for those with less than a high school education rose by 2.1 percentage points and the rate among workers with a high school diploma but no college training rose 1.3 percentage points. These were unemployment rate increases of about one-third over their rates when the recession began.
In contrast, the unemployment rate of those with some college training rose by two-thirds (1.9 percentage points) and the rate for college graduates almost doubled as it rose 1.3 percentage points.
Bureau of Labor Statistics, U.S. Department of Labor, The Editor's Desk, All education levels affected by recent unemployment rise on the Internet at http://www.bls.gov/opub/ted/2003/mar/wk3/art03.htm (visited May 20, 2013).
This edition of Spotlight on Statistics examines labor productivity trends from 2000 through 2010 for selected industries and sectors within the nonfarm business sector of the U.S. economy. Read more »