The Jobless Recovery and the Education Gap, II
Here's more evidence that the weakness in the current job market is directly related to educational attainment, and job losses have been greatest for workers without a high school degree (almost a 20 percent loss of jobs since 2007), and to a lesser extent for those workers with only a high school diploma (almost 10 percent). In contrast, employment of college graduates is actually higher now than in January 2007 by about 5 percent.
I haven't checked yet for the last two jobless recoveries in 1991-1992 and 2002, but it's possible that the current jobless recovery will be more severe and will last longer than the previous two because of the weak demand today for workers with less than a high school diploma. And it's also possible that the weakness in job growth during the last two jobless recoveries reflected weak demand for workers with no high school diploma, much more than weak demand for college graduates. More to follow.