People With A College Degree Got Hosed In The Job Market This Week

It’s true that college graduates have a much lower unemployment rate than those without degrees, but… yikes, ugly chart here.

This is from Nomura, which looked at the Household Survey to show that nearly all of the job losses in the month were from college grads.

college

Photo: Nomura

The Household Survey (which is released at the same time as the main Non-Farm Payrolls, but which is often overlooked) is much more volatile. So this could just be noise. But that’s a big blue bar of noise.

Here’s how unemployment stacks up by education level.

jobs education

Photo: Nomura

Finally, here’s the same unemployment rates by educational level, charted to the beginning of 2008, around the start of the recession.

image

Photo: FRED

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