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

5 comments:

  1. SPECTRE of DeflationApril 29, 2010 at 7:19 AM

    Yes, and student loans are following suit I'm sure. Put the young serfs on the hampster wheel good and early so that they can be debt slaves right out of college. Don't worry, as TPTB will figure out a way to roll debt so that you can continue to pay for the lifestyles of the thieves who run the bread and circus show. I'm curious as to where all the hiring will come from for these well educated serfs? A tent city in NYC for a doormans job? LOL! Ya, this is gonna work out great.

    I have a boiling recipe for your diplomas when you need to eat kids.

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  2. Agree and disagree...

    Agree with you regarding a below average education from a private school or school more broadly for those that it just flat out doesn't fit (why pay for 1-2 years and not get the degree).

    But, I disagree with you regarding someone who goes the community college / public (or just public route) or gets a top notch education from an elite school.

    This is broadly my reasoning (http://tinyurl.com/y9b4wde), but from personal experience those I grew up with that received educations are MUCH better off than those that did not.

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  3. An educated population is beneficial if capital is allocated in a way that makes it beneficial.

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  4. SPECTRE of DeflationApril 30, 2010 at 6:19 AM

    I see a shell of our former economy, as I write this and wonder where all the jobs will come from for our supposedly very educated population. There will always be pockets of oppurtunity mind you, but the old rules regarding college as a springboard are gone. These new paradigms start slowly, but they are visible by those with eyes to see.

    The old route is gone. The only reason college is being pushed so hard is because it's a way for banks to make money on the poor kids who expect a bright future once out of college. It ain't happening kids. They are blood sucking leaches who want you all on the debt wheel just like good little hampsters. And how would all those tenured profs survive if the kids were to say to heck with this scam?

    TPTB are desperate to restart the reinflation game at any cost. Hence the changes to student loans recently along with all the other tricks they have tried. None of it has or will work, as you can never solve a debt problem with more debt. Debt saturation and the exponential growth of debt are both realities that can't be ignored. Argue with the math if you dare.

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  5. The question is are they really getting an education?

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