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The Guru's Blog

College Degrees are the Keys to Employment

Sunday, May 14, 2017

Of the 2.1 million jobs added over the last year, more than 1.2 million, roughly 2/3 of them, went to college graduates.  Indeed, according to an article in the Courier Times, it appears that since the middle of 2015, the hiring gap between college and high-school graduates has continued to expand.  For the first quarter of 2017, the unemployment rate was 4.4%, one of the lowest rates in the last 20 years. Among college graduates, however, that rate dropped to only 2.4%, nearly half the overall rate.

Across the U.S., more than 60% of the workforce never graduated from college.  The hiring numbers, however, suggest that employers seeking to fill new positions or re-hiring for established positions are preferentially seeking applicants who have a college diploma. 

A college degree means a lot more than employability.  According to a USA Today article in January, the average income of college graduates is 56% higher than high-school graduates. This is the largest gap between the two cohorts ever found, according to the Economic Policy Institute, which began compiling statistics in 1973. By comparison, as recently as 2009, the gap was 51%. 

Not only do college graduates get hired, but the jobs they're offered are often better paying, too.  In fact, since the Great Recession of 2009, the average income of college grads has rebounded and then increased, while the average income for non-college graduates has declined by 3%.

More proof that finding a college that can allow you to succeed and find your life's purpose will pay dividends from the time you join the workforce until the time you retire.






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