Higher ed workers with the lowest pay suffer highest job losses during pandemic

“I was in total shock and disbelief for about three days,” said Bradford, 57, a mother of three. “I see myself getting depressed, but I pray … get out and walk. My rent is due soon. My last paycheck was barely $400.”

Colleges and universities are shedding jobs at an unprecedented rate. And some of the lowest-paid workers in higher education are bearing the brunt of the layoffs, mirroring broader trends of the most unequal recession in modern U.S. history. It’s difficult to pinpoint the exact number of job losses tied to higher education. But the financial crisis gripping the sector has far-reaching implications for the people and communities relying on colleges and universities to earn a living.

Employment in higher education usually grows at the start of the fall semester. That growth stalled this year: Only about 20,000 jobs were added between August and September, compared with 180,000 in

Read More

College majors with the highest and lowest unemployment rates | Personal-finance

in interests, there’s also the question of what you can do with a certain major. You may be passionate about a certain field, but what are the chances that it will lead to a prosperous, long-term career?

One thing is for sure — on average, people with bachelor’s degrees earn a salary of $59,124 per year.

Stacker compiled a list of the majors with the highest and lowest unemployment rates using data from the Federal Reserve Bank of New York. Majors listed are ranked from highest to lowest unemployment rate, with ties broken by underemployment rate.

It’s important to note that this data represents a 2017-2018 average and was released on July 17, 2020. Median wages are for full-time workers with bachelor’s degrees. Unemployment and underemployment rates listed here are for recent college graduates—that is, people aged 22 to 27, who have a bachelor’s degree or higher.

Early career graduates

Read More