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Tuesday
Dec072010

College Grads Suffer Worst Unemployment in Four Decades

Photo Courtesy -- Getty Images(WASHINGTON) – The percentage of jobless college graduates is at its worst level in four decades, as 2.4 million higher-educated are unemployed, according to the USA Today.

The percentage of Americans with at least a bachelor’s degree who are unemployed reached 5.1 percent, the highest figure since the Bureau of Labor Statistics started tracking the number in 1970.

Meanwhile, national unemployment rose to 9.8 percent from 9.6 percent last month. Those with advanced educations have a massive impact on the overall rate of unemployment as that group accounts for 30 percent of the labor force.

Unemployment levels for lower-educated individuals however, still remain much higher. Ten percent of high school graduates are unemployed and an even larger 15.7 percent without high schools diplomas are jobless.

Copyright 2010 ABC News Radio

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