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August 24, 2012
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Kent State Rated Among Top Institutions    

Congratulations to Kent State University for again being rated among the top institutions in the world by The Academic Ranking of World Universities conducted by the Center for World-Class Universities of Shanghai Jiao Tong University.

 

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New Study Supports Value of College Degrees in a Post-Recession Economy Weathering the Economic Storm

 

All of the postrecession recovery in the job market has gone to workers with education beyond high school...

 

A new study, The College Advantage: Weathering the Economic Storm [1], released on August 15th by the Georgetown University Center on Education and the Workforce finds that almost half of the jobs lost in the recession have now been recovered. Virtually all of those recovered jobs, however, have required some form of postsecondary education.

 

"It is a tough job market for college graduates but far worse for those without a college education," said Anthony P. Carnevale, the Georgetown Center's director and co-author of the report. "At a time when more and more people are debating the value of postsecondary education, this data shows that your chances of being unemployed increase dramatically without a college degree."

 

The study notes that jobs requiring bachelor's degrees have been the big winner. These have increased by 2.2 million jobs since the recession began. While jobs that require some college or an associate's degree declined by 1.8 million in the recession, nearly 1.6 million have been regained. At the same time 5.8 million jobs for those with high school or less have been lost.

 

Part of the reason may be that the job recovery is running pace with what MIT Economists Brynjolfsson and McAfee note is the falling costs and growing sophistication of robots to do semi-skilled and even skilled labor. [2]

 

According to the Ohio Department of Job and Family Services, the most significant gains in the state from July 2011 to July 2012 occurred in educational and health services (+32,500), trade, transportation and utilities (+27,600) and professional and business services (+12,400).[3] 

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