The FRED Blog has discussed how unemployment rates are inversely related to educational attainment and how they change during recessions. In short: Workers with more education are richer in so-called human capital and tend to be able to adapt more easily to changes in large-scale labor market conditions.
The FRED graph above shows employment levels after the COVID-19-related recession began. The length of the bars represents the percent change, relative to a year ago, in the number of employed people 25 years and older. And these workers are divided into groups according to educational attainment.
Workers who didn’t graduate from high school had the largest losses in employment. Workers who did graduate from high school, including those with some college or an