How unemployment affects your studentsNovember 29, 2010 at 10:55 am | Posted in Uncategorized | 1 Comment
Recent statistics from the U.S. Department of Labor show unemployment remains at 9.6% and has been essentially unchanged since May. While that’s not good news, the unemployment rates by demographics tell a bleaker story for youth:
- adult men was 9.7%
- adult women at 8.1 %
- teenagers at 27.1%
A recent NPR Planet Money article illustrates these unemployment trends in three different ways—education, age, and gender. Unemployment by education levels might be of particular interest in encouraging your students to graduate from college. For each group in the NPR education chart, the unemployment rate has roughly doubled in the past few years. BUT for people with college degrees that means something radically different than for people who didn’t graduate from high school. The student who didn’t finish high school had the highest unemployment while the college graduate had the lowest percent of unemployment. Unemployment by age is also a critical statistic for your students. The 16-24 year-olds have the highest unemployment and the 25-55+ age group has the lowest unemployment.
The NPR articles notes that the recession has been harder on men than on women. This is due in part to the fact that industries staffed largely by men (construction) have been hit particularly hard, while other industries (education, health care) have fared better. As an educator, you might want to know more details about your state or region. For example, if your school is located in Michigan, where unemployment hovers at 13%, you might suggest that your graduates look for jobs in Maryland, where unemployment is around 7%.
Find these stats fascinating? The U.S. Department of Labor web site provides statistics on each state by race, sex, age, education, and more.