Analysis of unemployment data clearly shows that more education reduces
likelihood of unemployment -- even during a weak job market.
In an analysis reported by the AP of U.S. Department of Labor statistics, people
without a high school diploma remain more than three times as likely to be
unemployed than are college graduates, with 1 in 7 people with just some high school
education unemployed and only 1 in 22 people with a college degree unemployed.
More specifically, here is a comparison of unemployment rates by education,
comparing pre-recession (December 2007) and August 2010.
7.8 percent to 14 percent for people who did not graduate from high school
4.7 percent to 10.3 percent for those with just a high school diploma
3.9 percent to 8.7 percent for people with some college
2.1 percent to 4.6 percent for those with bachelor's or more advanced degrees
