Students
who decided four or more years ago to major in nursing or teaching have
fared a lot better in the job market than those who focused on
computers, liberal arts or social sciences.
A new study
by researchers at Georgetown University found that unemployment rates
are relatively low (5.4%) for recent college graduates who majored in
healthcare or education. The authors of the study say these former
students have done better because their industries have been more stable
or even growing during the lean economic times.
Psychology and social work grads also are doing okay, with
unemployment rates of 7.3%, as are young people who majored in the life
and physical sciences (7.7%).
The absolute lowest unemployment rates were all for health-related
degrees, specifically treatment therapy professions (1.8%), nursing
(1.9%), pharmaceutical sciences and administration (2.1%) and medical
technology technicians (2.1%).
At the other end of the scale are architecture graduates, who have
really suffered (13.9% unemployment) because of the collapse of the
construction and home building industry. Things have been bad as well
for information systems (11.7%), the arts (11.1%), humanities and
liberal arts (9.4%), social science (8.9%) law and public policy (8.1%).
Linguistics and comparative language graduates had an unemployment rate
of 10.5%.
But even the worst-off college grads are better off than those who
didn’t go to college. Those with only a high school diploma are enduring
22.9% unemployment, and high school dropouts are at 31.5%.
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