Article • Dean Baker’s Beat the Press
Fact-based, data-driven research and analysis to advance democratic debate on vital issues shaping people’s lives.
Center for Economic and Policy Research
1611 Connecticut Ave. NW
Suite 400
Washington, DC 20009
Tel: 202-293-5380
Fax: 202-588-1356
https://cepr.net
The NYT had a very good piece on how government cutbacks in spending and employment have slowed the recovery. At one point it presents the view of Tyler Cowen, an economics professor at George Mason University, that:
“military contractors and personnel might be able to find new jobs with relative ease, because unemployment rates are fairly low for well-educated workers.”
While workers with college degrees do have lower unemployment rates than less educated workers, the current unemployment rate is close to twice its pre-recession level.
Unemployment Rate for College Graduates
Source: Bureau of Labor Statistics.
Note: Typo corrected.