The below chart shows the unemployment level in the U.S. by an individual's education level. Individuals that have obtained a college degree find themselves less likely to be unemployed.
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| From The Blog of HORAN Capital Advisors |
The higher rate of unemployment for those with less than a bachelors degree may be the result of a structural shift in the composition of the type of jobs now available to individuals. As the following chart details, the steady decline in the number of people employed in manufacturing jobs provides some evidence of this structural shift in the U.S. job market. The Reuters report, Is America the Sick Man of the Globe?, provides more insight into this structural change.
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| From The Blog of HORAN Capital Advisors |
Source: Reuters (PDF)
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