Gerry Canavan

the smartest kid on earth

Whose Recession?

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Chart of the day from Calculated Risk: unemployment rate by level of education.

The recovery rates following the great recession might be different than following the 2001 recession. I’d expect the unemployment rate to fall faster for workers with higher levels of education, since their skills are more transferable, than for workers with less education. I’d also expect the unemployment rate for workers with lower levels of education to stay elevated longer in this “recovery” because there is no building boom this time. Just a guess and it isn’t happening so far … currently the unemployment rate for the highest educated group is still increasing.

Written by gerrycanavan

March 9, 2010 at 11:42 am

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