Degrees of Unemployment

April 5, 2013 | | The Dish |

Matt Bruening underscores how much worse it is for those without a degree:

To my delight, Catherine Ruetschlin and Tamara Draut released a new Demos report yesterday about the job crisis afflicting young Americans, with a specific emphasis on the majority of youth who have no college degree. And those numbers are brutal. People between the ages of 18-24 without a high school degree face an unemployment rate of 27.4% and an underemployment rate of 41.7%. Those in the same age group with only high school degrees face an unemployment rate of 19.7% and an underemployment rate of 34.6%.
 
In the 25-34 age group, the numbers are somewhat better, but still bad. Those between the ages of 25-34 without a high school degree have an unemployment rate of 15.4% and an underemployment rate of 29.2%. Those with only high school degrees have an unemployment rate of 11.2% and an underemployment rate of 19.9%. In short, it’s terrible to be young in this job market, and really terrible to be in it without a degree.