The Role of Education in Earnings and Unemployment
Monday, February 16th, 2009
Education pays. It translates to higher earnings and lower unemployment rates. Most of us have known there is a correlation between the level of education and the level or earnings in the U.S. That is to say, the higher the level of education the higher the level of income. Now, here is the proof. Of course, this does not hold true in each individual case, but, overall, the relationship holds true. What is welcome news for individuals with higher education levels, is that they will experience less unemployment in their lifetime.
The data above is provided courtesy of the U.S. Department of Labor Bureau of Labor Statistics, as indicated in the Current Population Survey for 2007. Data are 2007 annual averages for persons age 25 and over. Earnings are for full-time wage and salary workers.
Have you considered furthering your education or training in these tough economic times?
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