What's the Unemployment Rate for the Candidates YOU Place?

When it comes to recessions, recruiters have long pointed out that the unemployment rate for the people they place is traditionally lower than the unemployment rate for the people they don’t place.

And recent statistics appear to validate that point.

According to those numbers, which were recently published by the U.S. Bureau of Labor Statistics, those with a college degree are enjoying more of a recovery (i.e., landing jobs more easily) than those who don’t have one.

In fact, the disparity between the two groups is quite wide.  Consider the following:

  • Workers with a master’s or a doctorate degree reported a 6.7% gain in employment from two years ago.  That equates to over one million new jobs.
  • Workers with a bachelor’s degree reported a 5% gain in employment.
  • Workers with only a high school diploma and no college degree are continuing to lose jobs (nearly 800,000 in the past two years alone), with no evidence that the trend will reverse itself anytime soon.

Click here for a CNNMoney.com article containing more information.

What are your thoughts?  Are these numbers not surprising?  Are these statistics that the media typically “glosses over” in its attempt to sensationalize the news?

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(Matt Deutsch, the Communications Coordinator at Top Echelon, is a regular contributor to the Top Echelon Recruiter Training Blog.)

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