College Grads vs. High School Grads in The Great Recession

Is college worth the cost? Earlier this week, Georgetown University released
a report
about how education levels impact employment prospects:

Since job growth resumed in early 2010 with the end of the recession,
employment by those with a Bachelor’s degree or better has increased
by 2 million, while employment by those with an Associate’s degree
or some college experience has increased by 1.6 million. Those with
some college education or an Associate’s degree have recovered
nearly 91 percent of jobs lost during the recession, but are still short
of their prerecession employment levels (See Table 1). In contrast,
people with a Bachelor’s degree or better have experienced a net
increase of 2.2 million jobs over their prerecession levels.

Those with only a high school diploma or less continue to experience
job losses, though in much smaller numbers […]. In part this is due
to the financial bubble that created a corresponding bubble in housing
and construction jobs. When the housing market recovers, the construction
industry will create some demand for workers with a high school diploma
or less. Yet, it is hard to expect any substantial job gains in the
near future for job seekers with no postsecondary schooling.

Read the report here: The
College Advantage: Weathering The Economic Storm
[pdf] – via The
Atlantic