Bureau of Labor Statistics

The Bureau of Labor Statistics measures labor market activities, labor conditions and price fluctuations in the economy.

Source: US Census Bureau and US Labor Statistics Bureau, Current Census, March Supplement, US Bureau of Labor Statistics, Consumer Price Index, US Department of Education, 2012 Educational Statistics Summary, University Council, 2013 Class 2013 Prices price trends of tariffs and trends in student support Note: US dollars are displayed in the same US dollar 2013. In the case of Associate Degree Bachelor 's degree, if the opportunity cost exceeds the total cost, the net tuition fee will be negative. Total cost Here we combine various factors to increase direct and opportunity costs and estimate the total cost of bachelor and associate degrees (Figure 4). For example, let's first look at the total cost in 2013. It is when the bachelor 's net tuition fee reaches the highest point. It usually takes four years to obtain a bachelor's degree, and students pay tuition and tuition fees of about $ 26,000 and give up about $ 96,000 salary.

The views expressed in this article are those of the author and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve.

Since about 20 million students are preparing to return to colleges and universities in the United States, the Bureau of Labor Statistics announced new unemployment statistics. This data shows that at least persons who acquired a bachelor 's degree have more employment opportunities and that participation of labor force is increasing, but it also shows that the unemployment rate of workers with low education levels drops rapidly I will. For those over 25 years old, the total unemployment rate in July 2018 was 3.2%, and for those over 16 years old, it was 3.9%. The unemployment rate for those with a bachelor 's degree or higher is 2.2%, but there is an associate undergraduate degree or university but 3.2% of those who do not have graduates. The proportion of those with only high school diplomas increased to 4.0%, and the proportion of those who did not graduate from high school increased to 5.1%.

According to education expenditure in 2013 and the US Bureau of Labor Statistics, the unemployment rate of individuals with the lowest bachelor's degree is half of the unemployment rate of high school graduates. The unemployment rate of workers over the age of 24 who acquired a bachelor's degree in 2012 was 4%, but the unemployment rate of employees who have university but do not have an associate degree or bachelor's degree is 7.7% did. In economically difficult and economically difficult markets, university degree holders usually choose people with only high school diplomas such as service industry.