Education and Employment

In the June 12 research report from Ed Yardeni, he provided us with some interesting data on the correlation between having a higher education and being employed. The unemployment rate for adults with a BA and higher degrees was only 4.4% in June compared to the national average of 9.2%. Employment among this group increased 720,000 over the past 12 months. Over this same period total household employment increased 242,000. High school grads had an unemployment rate of 10%, and high school dropouts had an unemployment rate over 14% for June. For anyone who has a child, or knows a child, who is questioning the value or

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purpose of getting an education, these statistics will provide concrete evidence of just one of the benefits of doing well in school.