Social Studies 6% Unemployment. Estimates for the current month are subject to revision the following month. 0.9 to 5.6 percent. 24. A Bachelor's degree is still a safe bet and one of the best weapons to be equipped with when looking for employment at home or abroad. 43% of college graduates are underemployed in their first job. English and literature majors scored 9% and 9.8% unemployment, respectively. Median mid-career wage: $60,000. People with a bachelor's degree have a 2.1% unemployment rate. Data from November 2020 Employment Situation report . During the nation's sustained housing meltdown, architecture beat out all other majors as the one with the worst job prospects: The unemployment rate for those with bachelor's degrees also varied by field of study among these fields. In fact, the top 25 with the lowest unemployment rate have salaries that range from $27,701-$99,363. . It kind of makes sense that the most popular majors or majors have the highest unemployment. Elementary Education In 2008, the unemployment rate of graduates was more than 30%. Unemployment by educational degree by occupation. Educational Administration and Supervision—0 percent. (Usually its 85%+ ) 1. reply. One may also ask, which majors have the highest unemployment rates? BME graduates have higher unemployment rates across all subjects, and even BME computer science students from Russell Group institutions had a 16.7% unemployment rate compared to an average . The overall unemployment rate for recent bachelor's-degree recipients is 8.9 percent, compared with 22.9 percent for recent high-school graduates and 31.5 percent for recent high-school dropouts. For mathematical sciences it was 7.5%. The college major with the highest unemployment rate was petroleum engineering, with 7.5% of graduates unemployed. Report 2 years ago. Table of contents. Unemployment: 6.7%. More posts from the lostgeneration community. Majors and their unemployment rate: 1. Among the social sciences, there were high unemployment rates in economics (10.4%), political science, government (11.1%), and sociology (9.9%). Note: Rates shown are a percentage of the labor force. Graphic design and history majors are doing a little better, with unemployment rates for recent grads near 10 percent. Louisiana. The unemployment rate for those with a bachelor's degree or higher is 4.8%. Unemployment Rates for States, Seasonally Adjusted. $275. 10 Economics - 9.4% Thanks to Business Insider, who worked with the financial-education company Bankrate, we now know the college majors students might want to avoid. Construction services came in as the second-most valuable major, followed by computer engineering. Even in 2020, in the midst of the pandemic, their labor force participation rate was 58.8%, compared to 56.2% for women overall. In the humanities and liberal arts, anthropology and archaeology fared worst with 12.6% unemployment. During these years, a decline in the unemployment rates was observed at each level of educational attainment. Unemployment rate for graduates with bachelor's degrees (aged 20-24): 5.3%. truetomygoals. Unemployment Rate: 10.11% Like metallurgical engineering, nuclear engineering is another super important sounding degree with a high unemployment rate. For example, the unemployment rates for those with bachelor's degrees in the following fields of study were lower than the average unemployment rate for all bachelor's degree holders (2.9 percent): education, other Medical technology technician 1.4%; 2 . The major with the highest unemployment rate was petroleum engineering, with 7.5% — despite graduates with that major having a median income of $87,600. Construction services and other engineering degrees also have a low unemployment rate. 25 college majors with the highest unemployment rates - CBS . Ironically, psychology is the fifth most popular college degree. In a minimum of five sentences, provide two explanations for why this is true. For those with a bachelor's degree and higher, the unemployment rate was 3.7 percent in March, down from a high of 8.4 percent in April 2020. See Digest of Education Statistics 2015, 2016, 2019, and 2020, table 501.80. Among the 25,500 employees who did manage to snag a job in the industry, the median salary is $87,600. Share. Fine art is the least valuable major in college, according to a new survey of 162 degrees in the US. College majors with lowest unemployment rates. Mass media majors have an unemployment rate of 7.3%. salary: $59,837. > Unemployment rate: 3.6%. Graduates in mechanical, industrial, aerospace, and chemical engineering all have unemployment rates below 4%, while graduates in Engineering Technologies have an unemployment rate of 5.5%. According to the Bureau of Labor Statistics, the U.S. unemployment rate was 3.8% before the COVID-19 pandemic (February 2020). According to the U.S. Bureau of Labour Statistics, the percentages are as follows: 11.4k . among men with below level 2 qualifications, Black men had the highest unemployment rate (13%) and White men had the lowest (5%) 5. Those engineering students who survive a rigorous academic program may face problems with employment. By May 2020, the unemployment rate may have been as high as 16%. In 2010, the employment rate of college graduates rose 3.2% in 2009 reaching 91.2%. According to surveys conducted in 2018; since 2000, the number of people aged 25 or above whose highest degree was a Master's has doubled to 21 million, while the doctoral holders have more than doubled to 4.5 million. 2 of 32 Highest: Anthropology. One area suffers from an unemployment rate of 30 percent. Undergraduate architecture students are reportedly facing 13.9 percent unemployment rates, compared to the other struggling majors in the arts at 11.1 percent and the humanities at 9.4 percent . Ships and running a ship requires lots and lots of money. People with a bachelor's degree have half the unemployment rate than those with just a high school . HeyTutor, a private tutoring service, analyzed data from the Census Bureau in the 2016 and 2017 American . In 2009, the employment rate of graduates who had bachelor's degree was in the 88% range. The top 25 . Stacker compiled a list of the majors with the highest and lowest unemployment rates using . Also, the median salaries look terrible there! I looked at the 100 most popular college majors and pulled out the 25 majors with the lowest unemployment. Unemployment rate for graduates with bachelor's degrees (aged 25-34): 2.0%. Other potentially surprising majors grappling with unemployment include actuarial science, which had an unemployment rate of 5.1 percent, as well as mathematics and computer science, at 4.5 percent. During the nation's sustained housing meltdown, architecture beat out all other majors as the one with the worst job prospects: > Unemployment rate: 8.1%. Like mass media, liberal arts has a high unemployment number, at 6.7%, and an underemployment rate of 54% according to government figures. According to the study, petroleum engineering had the highest unemployment rate at 7.8 percent. In total, 34% of college graduates are underemployed. . Black women have also experienced high unemployment, especially in the wake of the pandemic. Wheebox, Employability among graduates across India in 2022, by degree Statista, https://www . (It bears noting, however, that graduate degree holders in economics were among the highest earners). Early career graduates are those aged 22 to 27, and mid-career graduates are those aged 35 to 45. Geological and geophysical engineering. While unemployment among workers with a bachelor's degree rose to 8.4 percent in April, this pales in comparison to the 21.2 percent unemployment rate among workers who never graduated high school. Percentage of Unemployed Graduates Per Year. Report 2 years ago. A May 2013 study from the Georgetown University Center on Education and the Workforce reveals that students who studied architecture have a high unemployment rate of 12.8 percent among recent college graduates, defined as those between ages 22 and 26 with bachelor degrees. The unemployment rate edged down to 6.0 percent in March 2021. In fact, four of the top 10 majors with the highest unemployment rates have to do with psychology. The real question should be the highest unemployment IN THAT FIELD. The 20 countries with the highest unemployment rate in 2017. Gillian Jones/MBI Show More Show Less. truetomygoals. Rate of unemployment in India 2021 by highest education level; The most important statistics. Hence, there are few job openings. > Undergrad degree holders with a master's or professional degree or higher: 24.6%. Posted by McNally on April 12, 2022. 56. A degree in oceanography has problems because, for the most part, work in the field requires a tiny little thing called a ship. 17. Liberal Arts. Time series analysis for employment/unemployment count/rate cross referenced with highest qualification, sex, ethnicity, family type and NS-SEC major group . Physics — 4.49% General education majors have an unemployment rate of just 1.7%. These majors' graduates face the highest and lowest unemployment numbers. #2. Actuarial Science—0 percent. > Undergrad . Physical Sciences 6% Unemployment. But somehow they have a 10% unemployment rate. 1. Posted by 10 years ago. Of course, not all of the jobs with the lowest unemployment rate pay high wages. Underemployment: 55.2%. High school degrees have an unemployment rate in 2017 ranged from 3 valuable major, followed by engineering. 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