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DataPost
Does Education Matter?
Job Losses since the Great Recession
Date last updated: October 5, 2015
Federal Reserve Bank of San Francisco
Economic Education & Outreach
Unemployment by Educational Attainment
Seasonally adjusted, %
10
Dec. 2007
8
7.7
Sep. 2015
7.9
6
5.0
5.2
5.1
4.7
4
3.8
2
4.3
2.1
2.5
0
Total
Less than High
School
Source: Bureau of Labor Statistics
DataPost
HS Graduate, No Some College or Bachelor's Degree
College
Associate Degree
and Higher
www.frbsf.org/education/teacher-resources/datapost
FRBSF Economic Education & Outreach
Annotated Chart Notes
Unemployment by Educational Attainment
Seasonally adjusted, %
Percent of U.S.
labor force that is
unemployed,
grouped by levels of
education. Values
are adjusted for
seasonal factors
that may spike
unemployment, like
changes in weather,
holiday events, and
whether school is in
session.
10
Dec. 2007
8
Overall
unemployment rate
7.7
7.9
Watch a video series featuring this data
on FRBSF.org:
Economics in Person
6
5.0
Sep. 2015
5.2
5.1
4.7
4
3.8
2
4.3
2.1
2.5
0
Total
Less than High
School
Source: Bureau of Labor Statistics
DataPost
HS Graduate, No Some College or Bachelor's Degree
College
Associate Degree
and Higher
www.frbsf.org/education/teacher-resources/datapost
FRBSF Economic Education & Outreach
What Do You Think?
1. What was the unemployment rate for people without a high
school diploma in Dec. 2007? In Sep. 2015?
2. What was the unemployment rate for college graduates in
Dec. 2007? In Sep. 2015?
3. How would you describe the relationship between
unemployment and education at the beginning of the Great
Recession (Dec. 2007) versus now (Sep. 2015)?
4. Why might the unemployment rate be higher for people
without college degrees?
Watch a video about the toll of the Great Recession on
U.S. Labor Markets at FRBSF.org
DataPost
www.frbsf.org/education/teacher-resources/datapost
FRBSF Economic Education & Outreach