Bleak job numbers generate depressing headlines every week, but the jobless rate among most college graduates isn’t as bad as the rest of the economy, according to a number of stories in today’s Wall Street Journal. Some college majors (mostly in the sciences) have higher demand for talent than available candidates. The unemployment rate for advertising and public relations majors is 6.1%–three percentage points better than the national average.
Unemployment for all those under the age of 24 is 16%, although the unemployment rate for college graduates in that age group is 7.7%. Unemployment rate among workers over 25 with college degrees is just 4.2%. While the price of college education is being questioned by many today, these numbers underscore the value of getting your degree.
The Journal’s Question of the Day is: If you had to pick a college major today what would it be? Based on the availability of jobs, you might not be surprised that science and math majors are running ahead of most other majors.
In a series of articles this week, The Wall Street Journal will be devoting considerable coverage to 20-something unemployment.