A Master’s Degree Isn’t the Job Guarantee It Used to Be
The unemployment rate for workers under 35 with a master’s degree has rarely been higher in the past 20 years, according to the Burning Glass Institute, a labor-market think tank focused on the future of work, which analyzed data collected by the U.S. Bureau of Labor Statistics going back to 2003.
At the same time, the unemployment rate for workers under 35 with a Ph.D., law degree or medical degree has rarely been lower.
“For most of the past two decades, these lines moved together—not anymore,” said Gad Levanon, chief economist of Burning Glass.
