Lack of Education Apparent in Unemployment Rates
A new study has been released showing that high jobless rates in major cities across the country may correspond to poor education. Another factor revealed showed that cities hit hard by the housing crisis have larger gaps between workers’ actual education and the required education level of most job listings.
The study was conducted by the Brookings Institution in Washington, D.C. Calculations were completed by senior research associate Jonathan Rothwell, and included online jobs posted between 2006 and 2012.
Rothwell looked at the average number of years required for jobs in 100 metro areas and compared that with the education level of those respective populations. The most narrow education gaps were found in locations with highly-skilled workers such as Raleigh, North Carolina, and Washington, D.C. – both boasting gaps of 2 percent or less.
“Narrowing the education gap is particularly important for improving the long-term health of metropolitan economies,” Rothwell told Forbes in a recent interview. “Metro areas with wide education gaps have higher unemployment, but metro areas with narrow education gaps have lower unemployment, more job creation and more job openings.”
What this can potentially mean to those currently in school and hoping to find employment is that having the right amount of education does make a difference. It appears that those who are being most affected by the recession and tough economic times are those with no more than a high school diploma. Many people are going back to school to earn their college degree for this very reason.
The message for students considering college becomes clear with these types of studies. Continuing your education can play a major part in being able to secure a job in the future.
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