College Majors, Unemployment, and Earnings

March 05, 2015

Hard times are becoming better times for most college graduates, though how much better varies widely among college majors.

Hard times are becoming better times for most college graduates, though how much better varies widely among college majors – and for Communications and Journalism majors, whose unemployment rates are still rising, better times have yet to arrive. Overall, however, unemployment rates among college graduates are declining.

The earnings advantage they enjoy over high school diploma workers is holding up, though this is due in part to declining earnings among the latter group. But the recovery is far from complete. The national trend on earnings has been flat or slightly declining, and earnings among college graduates are no exception. A full recovery in the employment of college graduates, especially at the Bachelor’s degree level, may be as far off as 2017 and a full recovery in earnings may take longer.

Source: 
Georgetown University