Final answer:
In the 2009-2010 academic year, PhD degrees accounted for about 2.04% of all degrees awarded by American colleges and universities. This statistic reflects the broader landscape of employment sectors where these graduates may find opportunities.
Step-by-step explanation:
In the school year 2009-2010, American colleges and universities awarded a total of 2,354,678 degrees. Out of these, there were 48,069 PhD degrees awarded. To find out what fraction of the total degrees were PhDs, we divide the number of PhD degrees by the total number of degrees. So, 48,069 PhDs divided by 2,354,678 total degrees equals approximately 0.0204. When expressed as a percentage, this number is multiplied by 100, giving us about 2.04%. Therefore, PhD degrees made up 2.04% of the total degrees awarded during that academic year.
Despite the significant number of individuals achieving higher education, finding suitable employment can be a challenge. Different sectors absorb these graduates at various rates. For instance, about 10% secure jobs in the business or nonprofit sector, 8% find positions within other educational institutions, and both medical schools and independent practice account for about 6% each.