The Last 20 Years of Unemployment by Age and Education

More

We showed you long-term unemployment by age and education. The upshot: The older and less educated you are, the worse your spell of unemployment tends to be. Almost half of the unemployed people over the age of 55 have been out of work for more than a year. They also tend to be less educated. More than a third of those unemployed without a college degree have been out of work for more than a year.

But what about overall unemployment? According to a 2011 paper by Henry S. Farber at Princeton University brings the graphs, the younger and less educated you are, the worse off your segment.

Unemployment by Education: Joblessness Wasted on the Young
Screen Shot 2011-12-02 at 5.15.54 PM.png
The job loss rate for workers with twelve years of education was 9.4 percent in 1997-99 (the lowest in the sample period) compared with 14.3 percent in 1981-83 and 19.4 percent in 2007-09. In contrast, the job loss rate for workers with at least sixteen years of education was 5.4 percent in 1987-89 compared with 6.9 percent in 1981-83 and 11.0 percent in 2007-2009.
Unemployment by Age: Joblessness Wasted on the Young
Screen Shot 2011-12-02 at 5.16.03 PM.png

Job loss rates are highest for the youngest workers (20-29) and generally show the standard cyclical pattern. The job loss rates of the oldest two group, ages 40-49 and 50-64, are very similar. There has been some convergence over time in rates of job loss by age, with the rates for older workers increasing relative to those for younger workers.

Jump to comments
Presented by

Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

Get Today's Top Stories in Your Inbox (preview)

A Technicolor Time-Lapse of Alaska's Northern Lights

The beauty of aurora borealis, as seen from America's last frontier


Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

A Time-Lapse of Alaska's Northern Lights

The beauty of aurora borealis, as seen from America's last frontier

Video

What Do You Wish You Learned in College?

Ivy League academics reveal their undergrad regrets

Video

Famous Movies, Reimagined

From Apocalypse Now to The Lord of the Rings, this clever video puts a new spin on Hollywood's greatest hits.

Video

What Is a City?

Cities are like nothing else on Earth.

Video

CrossFit Versus Yoga: Choose a Side

How a workout becomes a social identity

Video

In Online Dating, Everyone's a Little Bit Racist

The co-founder of OKCupid shares findings from his analysis of millions of users' data.

Writers

Up
Down

More in Business

Just In