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Thursday, April 29, 2010

College Enrollment Rate at New High

Economix details:

More than 70 percent of the members of the high school graduating class of 2009 were enrolled in college last October. That is the highest portion on record, which goes back to 1959, according to a new Labor Department report.

The below chart provides details of how likely these high school graduates (aged 16-24) were to enter the work force, as well as the success they have had getting actual work.

Not a surprise that those not enrolled in school are more likely to enter the workforce than those enrolled full time, but surprising to me is the lack of relative success someone not enrolled in school has getting a job. My guess is they are looking for the more difficult to get full-time jobs, but that difficulty is likely to explain why the college enrollment rate among high school graduates has continued to increase.

While a tough job market has been a negative over the short-run, an educated work force will hopefully pay dividends over the longer term.

Source: BLS