Wednesday, June 19, 2013

Unemployment For Recent College Graduates By Major

The unemployment rate of college graduates is half that of people with only a high school diploma.

But that doesn't mean recent college graduates haven't struggled to find work. So which majors struggle the most?

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. Graphic design and history majors are doing a little better, with unemployment rates for recent grads near 10 percent.

Meanwhile, people who were elementary education majors have a 5 percent unemployment rate among recent grads, the study found, and students who studied agriculture and health sciences have an even lower unemployment level, well below the national average. The overall unemployment rate for recent graduates, according to the study, is 7.9 percent.

However, it's worth noting recent grads often have a more difficult time finding employment in their field.

Half of recent grads are working jobs that don't require a degree, according to research from the Center for College Affordability and Productivity, released in January.

But in 2000, before the economy fell into a recession, the share of recent college graduates who were either jobless or underemployed hit a record low of 41 percent.

Check out slideshow below to see how recent graduates in 15 different majors are doing finding employment:

  • Elementary Education: 5%

    Elementary education: 5 percent <em>Note: Information in this slideshow comes from a <a href="http://www9.georgetown.edu/grad/gppi/hpi/cew/pdfs/HardTimes.2013.2.pdf" target="_blank">May 2013 Georgetown University Center on Education and the Workforce study</a>.</em>

  • General Medical & Health Services: 3.9%

    General Medical and Health Services: 3.9 percent

  • General Engineering: 7.0%

    General engineering: 7.0 percent unemployment.

  • Law & Public Policy: 9.2%

    Law and public policy: 9.2 percent unemployment.

  • Arts: 9.8%

    Arts: 9.8 percent unemployment

  • Architecture: 12.8%

    Recent architecture graduates: 12.8 percent unemployment.

  • Film, Video & Photographic Arts: 11.4%

    Unemployment rate: 11.4 percent

  • Commercial Art & Graphic Design: 10.5%

    Commercial Art and Graphic Design: 10.5 percent

  • Agriculture & Natural Resources: 6.1%

    Agriculture & Natural Resources: 6.1 percent.

  • Journalism: 7%

    Journalism: 7 percent

  • Buisness: 7.5%

    Business: 5 percent

  • Computer Science: 8.7%

    Computer science: 8.7 percent

  • History: 9.5%

    History: 9.5 percent

  • Advertising & Public Relations: 7.3%

    Advertising & Public Relations: 7.3 percent

  • Psychology: 9.2%

    Psychology: 9.2 percent

The full report is available here.

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Source: http://www.huffingtonpost.com/2013/06/19/unemployment-college-graduates-majors_n_3462712.html

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