Unemployment rates and earnings by educational attainment, 2016 Unemployment rat
ID: 3072819 • Letter: U
Question
Unemployment rates and earnings by educational attainment, 2016 Unemployment rate (N Median ual weelly earnings(S) Decoral degee Some colege, ne depree High school dipiom teat 4% Source: https://www.bls.gov/emp/ep_chart 001 htm e Above you will see data representing educational attainment of persons 25 and older along with the employment status. 1. What conclusions can you make based on degree type? 2. In fraction form, if the population in 2016 of HS graduates or higher aged 25 and over was 281,120,936 (https://www.census.gov/quickfacts/fact/table/US/PSTO e), Describe a scenario (as a fraction problem) of how many people may be in a particular degree type, employment status, or how many have been successful or unsuccessful with either. (If you need help, e-mail me.) Discuss any percentages that may or may not have surprised you 3.Explanation / Answer
Ans.
1) Rate of employment along with the earnings is highest for the doctoral degree followed by the professional degree.
Rate of employment along with the earnings is in decreasing rate if we come down from the higher to lwest degree. At the lowest degree level, rate of unemploymnt is higher as more person choose to go for higher degree. The earning is lower at the lowest degree level as at this level, students do not have the professional or doctoral degree.
2) If the Unemployment status size is 281120936, then,
doctoral degree holder = 0.016*281120936=4497934
Professional degree holder = 0.016*281120936=4497934
Mastars degree holder = 0.024*281120936=6746902
Bachelors degree holder = 0.027 *281120936= 7590265
Associate degree holder = 0.036*281120936=10120353
Some college, no degree holder = 0.044*281120936 = 12369321
High School diploma = 0.052*281120936 = 14618288
From this data, we can conclude that, 60440997 students are unemployed who are having HS degree or higher.
220679939 students are employed who are having having HS degree or higher.
3)
The % of unemployment for doctoral degree and professional degree holder are same, but professional degree holder earn more than any doctoral degree holder. That means the number of professional degree holder are more than the doctoral degree holder which in turn increase the median earnings.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.