... One year ago, in August, 2019, seasonally adjusted unemployment for the civilian labor force stood at:
- less than high school diploma 5.4%
- high school graduate, but no college 3.6%
- some college, or associate degree 3.0%
- bachelors’s degree and higher 2.1%
In April 2020, as the pandemic was causing many businesses and industries to slow or close their operations, the unemployment rates were:
- less than high school diploma 21.2%
- high school graduate, but no college 17.3%
- some college, or associate degree 15.0%
- bachelors’s degree and higher 8.4 %
In June, as an economic recovery began, the figures were:
- less than high school diploma 16.6%
- high school graduate, but no college 12.1%
- some college, or associate degree 10.9%
- bachelors’s degree and higher 6.9 %
And in August, 2020, the most recent unemployment numbers are:
- less than high school diploma 12.6%
- high school graduate, but no college 9.8%
- some college, or associate degree 8.0%
- bachelors’s degree and higher 5.3%
Without exception, across this extraordinary 12-month period, the educational dividend paid by having more advanced levels of education was confirmed. The unemployment rates for individuals with only a high school diploma were anywhere from 1.75 times to twice as high as the rates for their college-educated peers. ...