College students face many challenges getting into the workforce after graduation, including the non-seasonally adjusted 12.7 percent youth unemployment rate, but a new study by Georgetown researchers suggests college grads have fared better than those without degrees.
The report, titled “Weathering the Recession,” shows that job losses have been more associated with education rather than gender. More than 2 million college-educated individuals have returned to work since 2010, and 91 percent of the jobs lost by college-educated individuals have been recovered. Although, the report concedes they are still shy of pre-recession levels.
However, those with only a high-school diploma have continued to see their standing erode.
“At a time when college education is under attack from budget cuts and the increasing cost of college education is raising the question of whether postsecondary education is worth the money, these findings provide a compelling reason to say, yes,” reads the report. “For students and their parents who are contemplating whether higher education is a good value, these findings make clear that the answer is a resounding yes.”
This leaves hope for soon-to-be college grads that they have a better shot of getting a job than if they had decided not to have gone.
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