Connect with us

Breaking News

COVID-19 Pandemic Amplifies That College Graduates Are More Likely to Be Protected from Unemployment



Male and Female Carrying their Box | COVID-19 Pandemic Amplifies That College Graduates Are More Likely to Be Protected from Unemployment | Featured

A jobs report for May has shown lower unemployment and 2.5 million added jobs. This went against the expected negativity caused by the coronavirus pandemic. With this and other factors, it seems college graduates are likely to be more protected from unemployment.

“Today’s report shows much higher job creation and lower unemployment than expected, reflecting that the re-opening of the economy in May was earlier, and more robust, than projected,” said U.S. Secretary of Labor Eugene Scalia in a statement.

“Millions of Americans are still out of work, and the Department remains focused on bringing Americans safely back to work and helping States deliver unemployment benefits to those who need them. However, it appears the worst of the coronavirus’s impact on the nation’s job markets is behind us,” he added.

However, the damage imposed on the job market since February has “highlighted a widening line of inequality based on education,” Fox Business said in a report.


It appears that college graduates will receive more protection.

The overall unemployment rate in May was 13.3%, down from 14.7% in April.

For workers with only a high school diploma, the unemployment rate was 15.3%. For college graduates, it was just 7.4%.

Fox Business reported that fewer than half of high school graduates are now working, while to-thirds of college graduates are.

According to Anthony Carnevale, director of the Georgetown University Center on Education and the Workforce, the roughly 20 million jobs lost due to COVID-19 magnify the economic inequalities between college graduates and other workers.

“It’s laying bare the class and racial differences in America,” he said. “It’s very plain to see because it all shows up in the data.”

Up Next:

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2022 Breaking News Alerts. This copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.