How many people with college degrees are employed?

Among 20- to 29-year-olds who received a bachelor's degree in 2022, 76.4 percent were employed. Information on school enrollment and employment status is collected monthly in the Current Population Survey (CPS), a nationwide survey of about 60,000 households that provides information on employment and unemployment.

What percentage of college graduates are employed?

If you're nearing graduation and wondering, “What percentage of college students get a job after they graduate?” then the good news is that 72.3% of all college graduates in the U.S. are employed. Having a degree is a distinguishing factor when applying for a job.

What percentage of the workforce has college degrees?

A new report from the Lumina Foundation shows that the percentage of working age adults who've earned a college degree or other postsecondary credential reached 53.7% in 2021.

What are the chances of getting a job with a college degree?

Increased Access to Job Opportunities

Having a bachelor's degree opens up rewarding opportunities that might have otherwise been inaccessible. For example, college graduates see 57 percent more job opportunities than non-graduates.

How many people use their college degree to work?

"In addition to dealing with financial insecurity, only 46% of college grads surveyed say they currently work in their field of study. 29% report working in a different field, while 16% of those under age 54 (and therefore not likely retired) say they are currently unemployed.

10 College Degrees With The Highest Unemployment Rates

What percentage of college graduates are unemployed?

The latest unemployment rate for recent graduates, at 4.4 percent, is higher than the overall joblessness rate and nearly double the rate for all workers with a college degree, according to an analysis by the Federal Reserve Bank of New York.

Are roughly 53% of recent graduates unemployed or underemployed?

The fact is that approximately 53% of college graduates are unemployed or working in a job that doesn't require a bachelor's degree. It takes the average college graduate three to six months to secure employment after graduation. A student benefits from having a career-seeking strategy and previous work experiences.

Is it rare to have a college degree?

35% of those over 25 have a bachelor's degree or higher. The percentage who have attained only an associate's degree is significantly lower, sitting at just under 9%. Meanwhile, about 26% have high school degrees only and just over 19% have some college experience but no degree.

Are college degrees losing value?

College seemed like a reliable runway to a life of comfort and affluence. A decade later, Americans' feelings about higher education have turned sharply negative. The percentage of young adults who said that a college degree is very important fell to 41 percent from 74 percent.

Do employers prefer college degrees?

Companies often prefer college degrees over experience in the field because they are looking for candidates with a certain level of education and knowledge. College degrees demonstrate that an individual has completed a rigorous program of study, which is often seen as a sign of dedication and hard work.

What percentage of the UK has college degrees?

Total higher education degree rates in the UK and US are mostly in line with one another, with 42 percent of adults ages 25-64 old holding degrees in the UK, while 44 percent of adults in the same range hold a degree in the US.

What percentage of the UK has a college degree?

In 2017, 45.7 per cent of British people aged 25 to 64 attained some form of post-secondary education. Of British people aged 25 to 64, 22.6% attained a bachelor's degree or higher, whilst 52% of British people aged 25 to 34 attained some form of tertiary education, about 4% above the OECD average of 44%.

What percent of college graduates get jobs in their field 2023?

Despite the current hot job market, less than half of recent graduates, 47%, have been able to secure full-time employment in a job related to what they studied in college.

Are college graduates more successful?

College graduates are half as likely to be unemployed as their peers who only have a high school degree. Typical earnings for bachelor's degree holders are $36,000 or 84 percent higher than those whose highest degree is a high school diploma. College graduates on average make $1.2 million more over their lifetime.

Who employs the most college graduates?

Do college graduates have higher employment rates?

Unemployment rates for 25-to-34-year-old graduates from four-year colleges are consistently about one-third of the rate for high school graduates. People with some college but no degree or with associate degrees are also more likely than high school graduates to be employed.

What are the disadvantages of college degree?

Cons of Going to College:

The cost of college, the availability of high-paying jobs that don't require a degree, and underemployment — there is a long list of reasons why paying for college may not make sense for you.

Is a college degree worth it in 2023?

So it's pretty clear. The big picture: a college degree still offers a strong return on investment for most people. It's a shot at better jobs, more money, and a happier, longer life. Of course, the upfront costs are still a major challenge.

Do college degrees matter anymore?

The Burning Glass Institute recently reported that the percentage of jobs requiring a college degree fell from 51% in 2017 to 44% percent in 2021. And according to Gallup, the percentage of U.S. adults ages 18 to 29 who view college education as “very important” dropped from 74% to 41% in just six years.

Which degree is rarest?

Does Elon Musk have a degree?

Musk attended Queen's University in Kingston, Ontario, and in 1992 he transferred to the University of Pennsylvania, Philadelphia, where he received bachelor's degrees in physics and economics in 1997.

What is the most unpopular degree?

Among the least common majors in the US between 2020 and 2021 was Architecture and Related Services with only about 9,296 students earning their degree in the major. The area of study focuses on engineering, art, drawing, designing, the theory of design, layouts, and the history of architecture.

What age group is most unemployed UK?

There were approximately 524,000 unemployed people aged between 16 and 24 in the United Kingdom in the second quarter of 2023, the most of any age group.

Is it normal to be unemployed after college?

As a rule of thumb, a graduate should secure work within 6 months of graduation. Unfortunately, in today's job market, it is not uncommon to wait 12-18 months or even longer. It is important to note that the duration of unemployment after graduation can have an impact on one's career prospects.

Who is most likely to be unemployed in the UK?