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Education Pays

As is shown in the table, the unemployment rate decreases steadily as the education level increases. The fact revealed by the statistics is obvious: graduates with a degree are less likely to be unemployed.

What has brought about this effect? I believe there are three main reasons. To begin with, the education level is still the top factor that employers would take into account when selecting job candidates. It is believed that people with a college degree tend to be more intelligent and qualified. In addition, as a result of good learning habit formed during college, job hunters with high education background are also more efficient in acquiring and processing job hunting information. Finally, college education equips graduates with specialized skills, leading to greater attachment to the company they are employed and higher possibility to be reemployed even if they leave their previous company.

In conclusion, it is the qualifications, learning habit and specialized skills that high education equip a graduate that make one distinctive in labor market.