The Wall Street Journal published a helpful set of charts to go along with the BLS jobs report released last Friday. One of the charts breaks down the unemployment rate by educational background.
Not surprisingly, workers with the most education consistently have the lowest unemployment rate. What’s interesting to me about the latest BLS report is the big jump in the rate for those without a high school diploma (or equivalent): almost a full percentage point from the previous month (6.3 percent to 7.2 percent). It will be interesting to see in the months ahead whether that’s an anomaly or a growing trend.