Education Is Still a Good Idea
One of five Americans qualified as jobless has been out of work for longer than 27 weeks. Of that number, one in five of the long-term unemployed have a college degree or higher. But the unemployment rate for all holding at least a college degree is 2.4 percent, while the rate is almost 8 percent for those who have not achieved a high-school diploma.
Unemployment numbers reveal that the number of college-educated workers who remain unemployed for at least 27 weeks has reached historic highs.
The trend has been influenced by recent blows to two components of the U.S. economy that traditionally employ college graduates: the technology and financial sectors.
Scott Simon gets more details from economist Mark Zandi of economy.com.