According to a new study from the Georgetown Center on Education and the Workforce, although a college degree gives job seekers an advantage, the unemployment rate varies by degrees.
The study finds that the highest unemployment rate is among architecture graduates at 13.9 percent because of the lack of construction and home-building industries in the recession. Unemployment is also higher for nontechnical majors, such as the arts at 11.1 percent or social sciences at 8.9 percent. Earnings vary among majors, with the median earnings hitting $55,000 for engineering majors and $30,000 for arts, psychology and social work majors.
Among recent graduates in math and computing, unemployment is at 6 percent for specialists who can write software and invent new applications, the study shows, but for those who use software to manipulate, mine and disseminate information is at 11.2 percent.
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