The Job Market For A Bachelor's Degree [Computer Graphics]

Rising costs of higher education there are many young people are wondering whether a degree is worth the expense.

At the present slowdown in the labor market, some people have decided that it should not go into debt for tens of thousands of dollars only to find themselves in unemployment lines.

Statistics show that college graduates would earn much more than their counterparts with only a high school diploma.

According to the Bureau of Labor Statistics, workers had a bachelor's degree median annual earnings of $ 57.026, based on monthly surveys from 2006 to 2008, the latest available. It is 40 percent more than the median annual income of $ 34,197 brought by those with only a high school diploma.

Workers with a four-year college degree are much more likely to be employed. For a bachelor not only improves your chances of getting a job, it decreases the probability of losing your job.

The 2005-2009 data show the unemployment rate for those with a four-year degree was only about half of their high school diploma.

In 2009, for example, the average unemployment rate in tertiary education was 9.7 percent, but those with a college degree was much lower than the unemployment rate - 4.6 percent.

Moreover, despite a trend toward more graduates, studies show that by 2025 there will be about three times the number of jobs for degree holders, compared to those who need to connect only to a degree or less.

Another advantage that graduates of four-year colleges have is the ability to specialize in almost any field they want because a bachelor's degree significantly increases the number of career opportunities, according to Rasmussen College, a private university.

However, many hampered by the cost, time, family status and other factors in the completion of college, Rasmussen noted. But the completion of a bachelor's degree can manage these challenges easier.

Still, many are impeded by cost, time, family matters and other factors from completing a college education, Rasmussen notes. But the completion of a bachelor's degree can make managing those challenges easier.

from Rasmussen College