College Education: Not What it Used to Be

A college education was no buffer against unemployment during the 2001 recession. A new analysis by the Economic Policy Institute indicates that the college-educated suffered the largest percentage drop in employment and a much higher rise in unemployment than in previous recessions.

Higher education has always been protection against the shocks of an economic downturn up until the recent recession. This does not bode well for the largest generation ever, who are ending high school and college right now. They face a jobs climate where demand for employment has tapered off in almost all sectors. All those loans will look mighty worthless if you wind up working somewhere that pays you what you would have made out of high school.

To see what the candidates for President have to say about the job situation in America check out their websites. John Kerry. George W. Bush. Ralph Nader.