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Hard Times to Better Times

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In this third installment of Hard Times, we update our previous analyses of college majors, unemployment, and earnings over the Great Recession. While there is wide variation by college majors, hard times have become better times for most college graduates, but the recovery is far from complete.

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Hard Times to Better Times

  1. 1. From Hard Times to Better Times College Majors, Unemployment, and Earnings By: Anthony P. Carnevale and Ban Cheah February 19, 2015
  2. 2. Overview •  The job market for recent college graduates has continued to improve, but individual graduates’ chances of finding a job depends on his/her major. •  College remains very much worth the cost in the post-recession economy for most students. •  Unemployment rates declined for recent graduates in most majors.
  3. 3. •  Recent college graduates are more likely to find jobs than high school graduates in the middle of their careers.
  4. 4. •  Recent college graduates are more likely to be unemployed than experienced college graduates and graduate degree holders, but unemployment rates vary by major. Unemployment Rates Vary by Major
  5. 5. •  Many recent college graduates earn less than $36,000—the average earnings for an experienced high school graduate—while experienced graduate degree holders in some majors earn more than $100,000 annually.
  6. 6. •  Among psychology and social work majors, recent college graduates earn less than the average high school graduate while experienced graduate degree holders earn twice as much. The benefit of a college degree varies by major, work experience, and graduate degree attainment
  7. 7. For more information: See the full report at: cew.georgetown.edu/HardTimes2015   Email Us | cewgeorgetown@georgetown.edu Follow Us on Twitter | @GeorgetownCEW Find Us on Facebook | Facebook.com/GeorgetownCEW Follow Us on LinkedIn | linkedin.com/company/georgetowncew

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