Bureau of Labor Statistics

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More education: Lower unemployment, higher earnings

| April 2017

Note: These data have been updated. The most recent chart is available here.

If you’re wondering whether it pays to stay in school, take a look at data from the U.S. Bureau of Labor Statistics (BLS): As workers’ educational attainment rises, their unemployment rates decrease and earnings increase.

Unemployment rates and earnings by educational attainment, 2016

View Chart Data

Earnings and unemployment rates by educational attainment, 2016
Education attained Unemployment rate in 2016 (Percent) Median weekly earnings in 2016

Doctoral degree

1.6 $1,664

Professional degree

1.6 $1,745

Master's degree

2.4 $1,380

Bachelor's degree

2.7 $1,156

Associate's degree

3.6 $819

Some college, no degree

4.4 $756

High school diploma

5.2 $692

Less than a high school diploma

7.4 $504

All workers

4 $885

Note: Data are for persons age 25 and over. Earnings are for full-time wage and salary workers.

Source: U.S. Bureau of Labor Statistics, Current Population Survey.

As the chart shows, workers age 25 and over who have less education than a high school diploma had the highest unemployment rate (7.4 percent) and lowest median weekly earnings ($504) in 2016 among those at all education levels. Workers with graduate degrees had the lowest unemployment rates and highest earnings.

These data come from the BLS Current Population Survey, a monthly survey that collects information about the labor force, including age, employment status, and other characteristics.

Each level of education you complete may help you develop more skills, give you access to higher paying occupations, and signal that you’re able to follow through on important tasks, such as planning ahead and meeting deadlines, that employers value. Other factors affecting employment and earnings include geographic location, experience, and hours worked. BLS data and information can help you understand some of these factors. For example, the Occupational Outlook Handbook provides information on wages, typical education requirements, and the projected job outlook for hundreds of occupations.

About the Author

Allen Chen is an economist in the Office of Occupational Statistics and Employment Projections, BLS. He can be reached at (202) 691-5868 or chen.allen@bls.gov.

Suggested citation:

Allen Chen, "More education: Lower unemployment, higher earnings," Career Outlook, U.S. Bureau of Labor Statistics, April 2017.

Telephone: 1-202-691-5700 www.bls.gov/careeroutlook Contact Career Outlook

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