Thursday, May 14, 2020
Inside Higher Ed, Graduate Degrees Boost Job Prospects During Pandemic More Than Others:
Researchers expected any kind of higher education to boost job prospects for Americans recently out of work. But they found those with graduate degrees are doing better than other degree holders.
It’s been well accepted for years that a college degree makes it easier to get a job. A new survey shows that amid the coronavirus pandemic, that may not be true across the board.
More than 33 million Americans have filed for unemployment since the pandemic began, and the nationwide unemployment rate has climbed to 14.7 percent, according to the U.S. Bureau of Labor Statistics. A Strada Education Network survey released Wednesday shows that more than half of Americans have lost jobs, hours or income as a result of the pandemic. Of those people, graduate and professional degree holders are more likely to have started a new job in the past month than people with a bachelor’s degree, associate or vocational degree, some college education, or a high school diploma or less.
For complete TaxProf Blog coverage of the coronavirus, see here.