College Degree Offers Best Protection Against Economic Storm

August 23, 2012

It’s a tough job market for college graduates, but far worse for those without a college degree.

That’s the main finding of a new report based on a study by Georgetown University’s Center on Education and the Workforce. According to the new report, The College Advantage: Weathering the Economic Storm, workers with high school diplomas or less were impacted the most by the recession’s job losses.

Shift Towards More Educated Workers

On the flip side of the job-loss equation, most gains during the recovery came in the form of jobs filled by workers with at least some post-secondary education. “The gradual shift to more educated workers has been going on for decades,” the report concludes, “but the recession gave it a mighty push.”

With skyrocketing college tuition and fewer job prospects for those who do graduate, many are questioning the benefits of a college education. Is a college degree still worth it? The new report — which analyzes the effects of the recession and recovery by education level, gender, industry, and occupation — paints a very clear picture.

Is College Still Worth It?

“In jobs at every skill level and in many different occupations, the better-educated applicant has the edge,” the report concludes. “For workers, the findings point the way to acquiring the skills that the market needs and values. For students and their parents who are contemplating whether higher education is a good value, these findings make clear that the answer is a resounding yes.”

For more information, read the full report, The College Advantage: Weathering the Economic Storm.

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