Question

Generally speaking, workers with more education are likely to face:

O higher rates of unemployment than workers with less education
O lower rates of unemployment than workers with less education
O equal rates of unemployment to workers with less education
O fewer job opportunities than workers with less education

Answer 1

The correct answer is option 2. Workers with more education are likely to face lower rates of unemployment than workers with less education.

Step-by-step explanation:

Workers with more education are likely to face lower rates of unemployment than workers with less education. According to data from the Bureau of Labor Statistics, in November 2021, the unemployment rate for those with a college degree was 2.3%, while those with some college had an unemployment rate of 3.7%.

High school graduates without an additional degree had an unemployment rate of 5.2%, and those without a high school diploma had an unemployment rate of 5.7%. This pattern holds true because additional education typically offers better connections to the labor market and higher demand, resulting in more job opportunities for highly-educated individuals.