A college degree has long been one of the most reliable guards against unemployment. That shield may be breaking, a new Goldman Sachs analysis argues.
The unemployment rate for workers with a bachelor’s degree or higher climbed to 2.8% in December, up from 2.6% a year earlier, according to the Bureau of Labor Statistics. While still below the national unemployment rate of 4.4%, college-educated workers are facing an increasingly unfavorable labor market compared with other groups.
The unemployment rate fell for workers with no college experience compared with a year prior. It rose for workers with some college experience, those with an associate degree, and those with a bachelor’s degree or higher.
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