Posted by Tina
Statistics on employment aren’t encouraging for those who are looking to shovel out big bucks for a four-year college degree.
Jed Graham of Investors.com reports the clearest path to success for young people right now might be a two year degree:
For the first time in history, the number of jobless workers age 25 and up who have attended some college now exceeds the ranks of those who settled for a high school diploma or less.
Out of 9 million unemployed in April, 4.7 million had gone to college or graduated and 4.3 million had not, seasonally adjusted Labor Department data show.
That’s a swing of more than 2 million since the start of 1992, early in another jobless recovery, when 4.1 million who hadn’t gone to college were jobless vs. 2.3 million jobless who had gone.
The economy is not recovering. Jobs prospects are grim. It might be smarter, before spending big buck at a four year school, to work next year, if you can find a job, or attend a junior college. One things for certain…don’t plan on moving out of your folks house real soon. The times call for saving and careful planning.