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• Friday, October 15th, 2010

Everyone is aware of the alarming unemployment rates but these rates depend on dates, states, and educational level. On October 8th, 2010, the Bureau of Labor Statistics released a detailed employment status of the civilian population 25 years and over by educational attainment.

The result? Less than 5% of unemployment for people with a Bachelor’s Degree or higher!

[Numbers in thousands]

Educational attainment Not seasonally adjusted Seasonally adjusted
Sept.
2009
Aug.
2010
Sept.
2010
Sept.
2009
May
2010
June
2010
July
2010
Aug.
2010
Sept.
2010
Less than a high school diploma
Civilian labor force 12,262 11,750 11,834 12,263 12,133 12,095 12,048 11,819 11,821
Participation rate 47.1 46.1 46.7 47.1 45.8 45.4 47.3 46.4 46.7
Employed 10,580 10,189 10,143 10,426 10,319 10,391 10,390 10,165 10,001
Employment-population ratio 40.6 40.0 40.0 40.0 39.0 39.0 40.8 39.9 39.5
Unemployed 1,682 1,562 1,691 1,837 1,814 1,704 1,658 1,654 1,820
Unemployment rate 13.7 13.3 14.3 15.0 15.0 14.1 13.8 14.0 15.4
High school graduates, no college(1)
Civilian labor force 37,957 38,156 37,982 38,059 38,433 38,107 37,941 38,314 38,116
Participation rate 61.9 61.7 61.6 62.0 62.0 62.0 61.6 61.9 61.9
Employed 34,147 34,458 34,460 33,956 34,251 33,993 34,113 34,373 34,289
Employment-population ratio 55.7 55.7 55.9 55.3 55.2 55.3 55.4 55.6 55.6
Unemployed 3,810 3,698 3,521 4,104 4,182 4,114 3,829 3,940 3,827
Unemployment rate 10.0 9.7 9.3 10.8 10.9 10.8 10.1 10.3 10.0
Some college or associate degree
Civilian labor force 36,693 37,074 36,988 36,732 36,832 36,586 36,713 37,068 37,037
Participation rate 70.6 70.5 70.3 70.7 71.0 70.7 70.0 70.5 70.4
Employed 33,704 33,751 33,750 33,583 33,780 33,579 33,652 33,850 33,684
Employment-population ratio 64.9 64.2 64.1 64.6 65.1 64.9 64.1 64.4 64.0
Unemployed 2,989 3,323 3,239 3,149 3,052 3,007 3,061 3,218 3,352
Unemployment rate 8.1 9.0 8.8 8.6 8.3 8.2 8.3 8.7 9.1
Bachelor’s degree and higher(2)
Civilian labor force 45,958 45,733 46,573 45,910 45,718 46,246 46,015 45,676 46,472
Participation rate 77.4 75.9 76.6 77.3 77.3 77.3 76.2 75.8 76.4
Employed 43,676 43,460 44,488 43,686 43,581 44,200 43,924 43,582 44,420
Employment-population ratio 73.6 72.1 73.2 73.6 73.6 73.8 72.7 72.3 73.1
Unemployed 2,283 2,273 2,084 2,224 2,136 2,046 2,091 2,094 2,052
Unemployment rate 5.0 5.0 4.5 4.8 4.7 4.4 4.5 4.6 4.4
Footnotes
Includes persons with a high school diploma or equivalent.
Includes persons with bachelor’s, master’s, professional, and doctoral degrees.
NOTE: Updated population controls are introduced annually with the release of January data.

The estimate of unemployment is based on a monthly sample survey of households. All persons who are without jobs and are actively seeking and available to work are included among the unemployed. (People on temporary layoff are included even if they do not actively seek work.) There is no requirement or question relating to unemployment insurance benefits in the monthly survey. 
 
I think we all need some relatively good news :)

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3 Responses

  1. 1
    Vishal 

    Wow! Why can’t the media share this report?!

    Encouraging news, thanks for posting.

  2. 2
    MI Job Seeker 

    Good news indeed! I wish I could say the same about the people in MI, I bet the unemployment rate in that state alone is much higher…

    Encouraging news though, hope to hear better numbers as 2011 approaches.

  3. 3
    Nitin B 

    I’m with MI Job Seeker, MI rates are much higher. The realestate market makes it difficult for us (MI residents) to expand our search, albeit, good to see improving data.

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