While the U.S. unemployment rate has improved markedly from the double digits during the recession, it was still stuck at 7.9% as of October. Some regions fare far better than rest of the country, despite the fact that more than 12 million people are still considered unemployed in the U.S. 24/7 Wall St. looked at the 10 metropolitan areas in the U.S. where unemployment barely exists. Higher education and industries that support it are the reason these metropolitan areas are doing well. College towns across America tend to have lower unemployment rates than the population as a whole, Martin Kohli, [...]
The persistently weak labor market and increasing student loan debt levels are making some high school graduates think twice about going to college. The Bureau of Labor Statistics reports that 25% of college graduates are currently in jobs that do not require a college degree and of the 30 jobs projected to grow at the fastest rate over the next decade in the U.S., only seven typically require a bachelor’s degree. In a sea of unemployed grads, a bachelor’s degree has become less attractive and has many students seeking out educational avenues without a hefty price tag, says Srikant Vasan, founder [...]
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