A Georgetown University study shows that those with only a high school education have been hurt most by the economic recession. Between the beginning of 2010 and the beginning of this year, people who only went as far as a high school diploma lost 200,000 jobs.
Those with a college degree have fared much better. The research broke down the 140 million members of the U.S. workforce into three groups: those with no college education; those with some college or an Associate’s degree; and those with a Bachelor’s degree or more. The research found that the group with the college degree and better suffered no net job loss over the two-year time period. In fact, the number of people who had jobs climbed by 2.2 million people between the first signs of the recession in 2007 to the beginning of this year.
This probably doesn’t come as much of a surprise. But it does say something about the ways in which our workforce and the jobs available in this country are moving in a different direction.
“Industries like manufacturing, construction and transportation, where many of the jobs don’t require college degrees, have all had sharp job losses since the recession started,” Forbes reports. There’s been a great deal of focus about how the loss of these jobs affects men. However, job losses in government and education have affected women as well.
African-American women are swarming college campuses, in essence creating a cushion for themselves against this current recession and future economic fluctuations. As we continue to make progress in this “innovation economy” having that degree under your belt will become even more important.