College educated? You're doing better than most.
Unemployment rates are slowly falling for all groups, but those who have a college degree are faring better. The recovery for this group looks significantly different than it does for groups with lesser educational backgrounds.
Unemployment rates are slowly falling for all groups, but those who have a college degree are faring better. The recovery for this group looks significantly different than it does for groups with lesser educational backgrounds.
The multi-speed nature of the economic recovery has perhaps been the single greatest source of confusion for market-watchers, journalists, investors and business owners over the last few years. When most people talk in terms of "the economy" being good or bad, they mean it as a whole. Much harder to have that discussion without all of the caveats these days.
For example, the unemployment rate for the college-educated is under five percent and is now attaining the levels of the Bush or Clinton administration. The recovery for this demo looks and feels significantly different than it does for groups with lesser educational backgrounds - although unemployment is slowly falling for all.
From Bill McBride: