LIBRARY SCIENCES. People with a foreign language degree on its own face a 6% unemployment rate. Again, quite a useful skill in a world where life as we know it is dependent on natural resource use. The unemployment rate for those with bachelor’s degrees also varied by field of study among these fields. (1) Area boundaries do not reflect official OMB definitions. When is the last time you have been to a library after you graduated college? However, if you do happen to land a job as a librarian, the pay isn’t that bad. Among the regions, Ilocos Region (6.5%), Central Luzon (6.3%), CALABARZON (6.3%), Bicol Region (6.3%) and NCR (6.1%) were the regions with the highest unemployment rates (Table 4). Colleges, 2018; 4 of 16. Today, more than one in three do. At Zippia, we are here to help you figure out the answers to those questions. Published Wed, Sep 12 2018 12:27 AM EDT. However, like the former degrees, this one also has a dismal employment outlook. College grads majoring in Nuclear Energy earn an average salary of $108,591 and tend to work as nuclear engineers, power plant operators, physicists, engineers, and project managers. Among people age 25 and older with a bachelor's degree or more education, the unemployment rate was 2.1 percent in April 2018, slightly lower than the rate of 2.4 percent a year … Like General Social Sciences, this degree pulls from several social science specialties. We’re looking at you nuclear engineers. South Korea's jobless rate hits highest level since the global financial crisis . Unfortunately, libraries around the country are receiving less and less funding, and can pay fewer and fewer librarians. Librarians have a nearly 12% unemployment rate. Majors With The Highest Unemployment Rate 2018 1. That is about double the rate of … Click here to see the college majors with the highest unemployment. While the numbers for the specific majors are from the U.S., the unemployment rate in Canada for those between 15 and 24 is around 15 per cent. The increase in the employment rate of recent graduates through to 2008 was cancelled out by the economic and financial crisis … A comparison between 2008 and 2019 for employment rates of recent graduates is shown in Figure 3. While the majority of college majors have unemployment rates of 3% or lower, there are others with jobless numbers closer to 9%. Choosing a field of … Fashion Merchandising . Underemployment Rate: 12.8%. Note: Rates shown are a percentage of the labor force. A total of 196 surveys were returned—a 23.9 percent response rate. So which majors actually have the highest unemployment rate? As the number of college educated Americans is at a record high, the job market is becoming increasingly competitive — and not all degrees are equally likely to translate into gainful employment. Unemployment rate: 6.4% Underemployment rate: 49.8% Number of recent graduates: 191,013. While not all recessions are the same, they all tend to result in rapidly rising unemployment rates that take a very long time to fall after positive economic growth returns. Unemployment Rate: 10.11% With an overall average salary projection of $66,521, engineering graduates are once again expected to be the highest paid. However, … Apparently a hard time finding a job. With college decision day approaching, many students want to know which are the best college majors for finding the highest-paying jobs after graduation. Agriculture. The future looks equally bright with the number of registered nurses expected to increase by 15% over the next decade. Job stability-wise, it’s hard to argue with a 1.0% unemployment rate and a vocation that has 42% of its workforce with graduate school degrees. Getty Images. Unemployment Rate: 11.77% The most valuable college majors in 2018. Median Wage Early Career: $50,000. General Social Sciences is a degree that takes classes from several liberal arts specialties and combines it together. Computerization and mechanizing must be crushing this field, resulting in an unemployment rate of over 10% for degree holders in metallurgical engineering. Referencing data from the Bureau of Labor Statistics, Stacker compiled a list of the 50 metropolitan areas with the highest unemployment rates in the nation. They have a below average unemployment rate of 1.8%. Most students couple a foreign language degree with another, so what happens if you focus only on learning another language? (1) Area boundaries do not reflect official OMB definitions. Unemployment Rate: 7.26% Among the unemployed persons in July 2018, 61.1 percent were males. Unemployment Rate: 1.9% Underemployment Rate: 57.3% Median Wage Early Career: … (See Figure 1.) The higher a major ranks on this list, the lower its employment rating. Americans with a bachelor’s degree are nearly half as likely to be unemployed than those with only a high school diploma, according to January 2020 data from the Bureau of Labor Statistics. This statistic shows college majors with the highest unemployment rates in the United States between 2009 and 2012. Nearly 6% of graduates with these degrees are unemployed. For example, the unemployment rates for those While the numbers for the specific majors are from the U.S., the unemployment rate in Canada for those between 15 and 24 is around 15 per cent. 4. The unemployment rate in April 2018 edged down to 3.9 percent, following 6 months at 4.1 percent. We only considered people ages 22 – 25 that were no longer in school — you know, people right out of college looking for work. 3. Multi/interdisciplinary studies 8. Nontraditional job options include market research, database administration, information architecture and working with specialized library collections. Degree holders in Geological and Geophysical Engineering face a whopping 7% unemployment rate. In contrast, the unemployment rate in EU cities was much higher among people born outside the EU (15.4 %). But for those who value employability after graduation above all else, some fields may be best avoided. Statistics show that the unemployment rate for recent college graduates has been steadily moving upward, while the general unemployment rate for all … cnx.cmd.push(function() { cnx({ playerId: "0a52d238-33b5-4c04-ba5e-323e192cfbe8" }).render("b8b49474e42e4a61905a1353db504ac9"); });For those entering the workforce, a college education may be more important now than ever before. Perhaps you just need to double major if you want a better job potential. General Social Sciences– quite possibly the vaguest degree category on our list. Data refer to place of residence. No matter what your interests are, you are probably wondering if your passions can also lead to a job that won’t make you struggling to pay bills for the rest of your life. Again, another degree that seems extremely needed as our natural resources are quickly being depleted. Often when you hear people say they are going to study art, you hear the usual, “so how are you going to find a job?”. Note: Rates shown are a percentage of the labor force. Early-career median wage:… - Unemployment rate: 5.0% - Underemployment rate: 36.0% - Median wage early career: $43,000 - Median wage mid-career: $65,000 - Share with graduate degrees: 33.7% Globally, the region features the highest unemployment rate driven by large gaps for youth and women who are significantly over-represented among the unemployed. At a floor-scraping low unemployment rate of 1.0%, the spiritual studies seems like a good bet for college majors – but is that really the case? Unemployment Rate: 6.88% These majors cover a wide range, creating lots of opportunities for students in almost any field. Also, the study basically confirms what we already know; business, engineering, and computer related majors enjoy the highest wages. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Unemployment Rate. 5. Data refer to place of residence. In theory, a degree that is interdisciplinary should produce more well-rounded students, but employers don’t seem to be too impressed. According to the study, petroleum engineering had the highest unemployment rate at 7.8 percent. Among the 25,500 employees who did manage to snag a job in the industry, the median salary is $87,600. Elkhart used to have one of America's highest unemployment rates -- about 20% in 2009 -- but there have more recently been labor shortages and rising wages. With the move to the internet for all of our information, it’s no shocker that the need for librarians is dwindling. Unemployment Rate: 6.22% The unemployment rate should also continue to fall in 2018 in Italy, Ireland and Portugal but at a slower pace than over the period 2015-2017. Source: Thinkstock25. Average Income: $43,996 Unemployment Rate: 4%. Industrial and organizational psychology > Unemployment: 4.2% > Avg. Interestingly, our database couples degrees that allow you to study makeup with degrees that teach you how to make delicious food. Essentially, metallurgical engineering is the study of… metals. Unfortunately, students who study foreign languages also often study social sciences so they may be out of luck in the job department. 4. Nursing is a critical part of the healthcare industry, and while it’s a competitive field, those with a nursing degree are in high demand. Note: Rates shown are a percentage of the labor force. Unemployment: 6% Average salary: $48,999. salary: $62,738 > BA holders with a master’s degree: 58.7% … (Related: 10 Best College Majors for Getting Hired: 2018) Graduating from college may not always be the ticket to a high-paying job, but it is a ticket to a job. Unemployment Rate: 2.5%. Geological And Geophysical Engineering 7.26%, Cosmetology Services And Culinary Arts 5.91%, Electrical, Mechanical, And Precision Technologies And 5.17%, Science And Computer Teacher Education 4.9%, Area Ethnic And Civilization Studies 4.21%, Miscellaneous Engineering Technologies 3.97%, Atmospheric Sciences And Meteorology 3.74%, Health And Medical Preparatory Programs 3.57%, Health And Medical Administrative Services 3.53%, Naval Architecture And Marine Engineering 3.52%, Intercultural And International Studies 3.36%, General Medical And Health Services 3.35%, Engineering Mechanics Physics And Science 3.12%, Computer Networking And Telecommunications 3.04%, Linguistics And Comparative Language And Literature 2.95%, Physical And Health Education Teaching 2.61%, Cognitive Science And Biopsychology 2.61%, Materials Engineering And Materials Science 2.56%, Physical Fitness Parks Recreation And Leisure 2.55%, French-German Latin And Other Common Foreign Language Studies 2.53%, Business Management And Administration 2.52%, Miscellaneous Business & Medical Administration 2.49%, Criminal Justice And Fire Protection 2.38%, Miscellaneous Health Medical Professions 2.27%. Mass media has an unemployment rate of 7.8%, the highest number in the HeyTutor survey rankings. Around 8% of degree holders in this specialty are unemployed. You likely cannot recall a time. Should you pursue architecture, engineering, secondary education, art and dance, political science, pre-med, or business? Majors with the highest unemployment rates 1. Unemployment Rate: 6.22% Next up on our top 10 list of majors with the highest unemployment rate is foreign languages. The number of unemployed remains steady at 8.7 million amidst strong growth in the labour force. When you finally get to choose your own education, it can be daunting by the hundreds of choices available at most colleges and universities. Least Valuable College Majors of 2018 158. Health & Medical Preparatory Programs. Perhaps doubling that with another major would have been a better decision career-wise? That’s all — pretty simple for this one. College majors that are hampered by high unemployment rates include a variety of psychology degrees, fine arts and architecture. In keeping with this trend, while enrollment has recently trended downward, the number of Americans with a college degree has risen over the decades. That is two times better than those who have Library Sciences degrees, but still not the best. In 2016, the total unemployment rate in European Union (EU) cities was 9.1 %. What about the lesser-known degrees like forestry preservation and art restoration? This page provides values for Unemployment Rate reported in several countries. Perhaps the coal industry wants to keep them out until the earth is really in a mega crisis–perhaps computers are taking over engineering jobs. Americans owe a staggering $1.4 trillion in outstanding student loans, more than any other form of household debt after home mortgages. 12. In fact, four of the top 10 majors with the highest unemployment rates have to do with psychology. Seeing social sciences and interdisciplinary studies on our list is no surprise either, as these degrees are notorious for being difficult in the job market. Their unemployment rate of 2% is similarly below the national total unemployment rate. The following majors are the ones that might make it most difficult for you to find a job after graduation, especially in your field. 1. Last but not least comes Studio Arts. October 2018; September 2018; August 2018; May 2018; April 2018; March 2018; February 2018; January 2018; December 2017; November 2017; September 2017; June 2017; May 2017; April 2017; Categories. Then using data for which of these people were employed versus unemployed, we came up with percentages for each major’s unemployment level, which we then used to rank each major. A person with a degree in Geological and Geophysical Engineering is trained in the extraction of natural resources. Anthropology . Petroleum engineering 3. For a complete list, Georgetown's recent survey provides insight into the salary and unemployment prospects by college major. Choosing a field of study in college is a personal decision often based on interests and talents. You would think that with the depletion of fossil fuels and our increased dependence on nuclear energy, we would need nuclear engineers. Key Points. no one should be unemployed in Canada but with the economy changing and more automation and … Either way, these degree holders are in somewhat of a job pickle. In fact, four of the top 10 majors with the highest unemployment rates have to do with psychology. Educational psychology Unemployment: 6.5% Average salary: $37,766. Mining and mineral engineering 6. Also, the study basically confirms what we already know; business, engineering, and computer related majors enjoy the highest wages. Most of the majors with higher unemployment rates were in the humanities, social sciences and fine arts. (Related: 20 Best Paying Jobs for College Business Majors: 2017) Graduating from college may not always be the ticket to a high-paying job but it is a ticket to a job. Data from the survey were obtained by surveying NACE employer members from August 9, 2017, through December 4, 2017. Click here to see the college majors with the lowest unemployment. In fact, the top 25 with the lowest unemployment rate have salaries that range from $27,701-$99,363. The highest unemployment rate, by degree of urbanisation, was recorded for people living in cities (8.3 %), while somewhat lower rates were registered for those living in towns and suburbs (7.5 %) and rural areas (6.6 %). Next up on our top 10 list of majors with the highest unemployment rate is foreign languages. There was almost no change in the EU employment rate over this period (81.8 % in 2008 compared with 80.9 % in 2019). 24/7 Wall St. reviewed data from the U.S. Census Bureau to identify the college majors with the highest unemployment rates. Data for all U.S. states, the District of Columbia and Puerto Rico is from April 2020, data from the Virgin Islands is from December 2019, data for Guam is from September 2019, data for American Samoa is from 2018, and data for the Northern Mariana Islands is from April 2010. Educational psychology 5. Georgetown's recent survey provides insight into the salary and unemployment prospects by college major. 1, with an unemployment rate of 7.4%. Here are 10 majors with the highest unemployment rates, followed by median wage at early career: Mass media: 7.4 percent, $35,000 English language: 6.4 percent, $35,000 These majors are correlated with higher unemployment rates based on data released by the National Center for Education Statistics (NCES) in 2018. Even the libraries are moving to more cloud-based services like OverDrive and Libby. Unemployment Rate: 7.65% These majors had unemployment rates ranging from 1.2 percent to 2.7 percent and median incomes of at least $85,000. Not a good sign for our coal stores. Unemployment Rate: 11.77% When is the last time you have been to a library … Pharmacology, Military Technology, Teacher Education, and Transportation Engineers are some of the many degrees that have high employment rates. Don’t worry, many students are asking the same question. Countries with the highest and lowest unemployment rates – click to enlarge Source: The World Factbook, Central Intelligence Agency, 2015-2017 Countries with less than 1 … Apparently a hard time finding a job. Read on to gain insight into which cities might want to be avoided when job searching. Military technologies 2. 10 Best Values in U.S. In 2018, among the fields of study in which 1 percent or more of 25- to 29-year-old bachelor’s degree holders had earned degrees, unemployment rates ranged from 0.9 to 5.6 percent. Liberal Arts. Majors listed are ranked from highest to lowest unemployment rate, with ties broken by underemployment rate. Perhaps a degree in technology related to renewable energy is the key? 24/7 Wall St. has determined the college majors that currently have the highest and lowest rates of unemployment using data from the U.S. Census Bureau’s 2015 American Community Survey. Even when the overall unemployment rate takes a dip, some industries fare better than others. Unemployment rate by jurisdiction. Here's what we learned: if you major in nursing you will definitely find a job (2.2% unemployment). Unemployment Rate: 5.91% As recently as the 1980s, fewer than one in five American adults had a bachelor’s degree. While last on our list, professional artists still face a nearly 6% unemployment rate. Average Income: $130,308 Unemployment Rate: 2.3% Students majoring in the Visual and Performing Arts typically earn an average salary of $43,996 and often work as actors, graphic designers, dancers, and other kinds of performers. College majors with lowest unemployment rates. Median early-career wage: $35,000 Median mid-career wage: $60,000 Mass media majors learn the theory and... 2. The Bureau of Labor Statistics collects seasonally adjusted civilian labor force and unemployment data for 372 U.S. metropolitan areas with a population of 25,000 or more, on a monthly basis. But interestingly, the degrees with the highest unemployment rates are those that seem like a career no-brainer. But that shouldn’t prevent you from pursuing a degree in art or the social sciences. Every month, employment data in the U.S. is meticulously calculated … I looked at the 100 most popular college majors and pulled out the 25 majors with the lowest unemployment. A new study has listed which college majors have the highest and lowest unemployment rates. Unemployment rate: 3.3%; Most library science majors go on to become librarians. Engineers with this degree learn about mining, extraction, and processing of metals. Either way, these are degrees in the professional services sector. According to the Bureau of Labor Statistics, library scientists make about $54k a year on average. Below you’ll find a more complete breakdown of our top ten list, along with unemployment percentages for each major. Unemployment Rate: 10.53% But somehow they have a 10% unemployment rate. Mining and mineral engineering Unemployment: 6.2% Average salary: 482,897. Like Industrial Production Technology and Metallurgical Engineering, this degree also is related to natural resource management. In a world’s first, a team of scientists at Purdue University built a tiny microrobot that can be operated inside a colon of a living animal.The goal is to one day allow such Lilliputian machines to deliver drug payloads to different parts of a patient’s body, greatly enhancing their effects and applications. Anthropology. (Related: 10 Best College Majors for Getting Hired: 2018) Graduating from college may not always be the ticket to a high-paying job, but it is a ticket to a job. 10 College Majors With the Best Starting Salaries Median starting salaries for these majors range from $62,350 to $69,300, College Scorecard data shows. Clinical psychology is followed by Fine Arts at 16.2 per cent and U.S. History at 15.1 per cent. Nearly 7% of graduates with degrees in Interdisciplinary Social Studies are unemployed. These majors are correlated with higher unemployment rates based on data released by the National Center for Education Statistics (NCES) in 2018. Canada’s unemployment rates are based on statistics and data from Stats Canada, Canada’s national unemployment rate was 6.0 percent, however, Newfoundland and Labrador has the highest unemployment rate at 15.5 percent in Canada, followed by Nunavut with 13.7 which is quite scary,. That is about double the rate of those 25 and older. 09/10/2018. The unemployment rate should decline from 11.7 per cent in 2017 to 11.5 per cent in 2018. These majors had unemployment rates above 3.5 percent and median incomes below $45,000. So what is metallurgical engineering and why does it rank number two on our list? Film video and photographic arts 7. The major with the highest unemployment rate was petroleum engineering, with 7.5% of graduates unemployed – despite graduates with that major having a median income of $87,600. Actually, what even is metallurgical engineering? Individuals with a degree in Industrial Production Technologies help engineers and other professionals best utilize natural resources. Most students couple a foreign language degree with another, so what happens if you focus only on learning another language? 6. NACE members can access the full report through MyNACE. Labor Department data reveals that over 90% of new jobs are being filled by those with a four-year college degree. The Winter 2018 Salary Survey contains annual salary projections for Class of 2018 college graduates. So what are degrees that have some of the best job outlooks? What are the most employable majors in your chosen … Click here to see our detailed findings and methodology. That’s a sorry figure for any recent graduate. Mass media also has a relatively low annual income salary ceiling, as the median mid-career mass media pay is just $60,000 annually. Not bad if you want a well-rounded liberal arts education, but possibly a bad decision for your bank account. Linguistics and comparative language and literature 4. Visual & Performing Arts. Mass Media. Unemployment Rate: 1.8%. The largest reductions in unemployment rates, of the order of 2 percentage points, are likely to be seen in Spain and Greece (15.4 and 19.5 per cent respectively in 2018). While these majors may not be the highest paid, they are consistently in demand in the modern business world for recent college graduates. Mass media was listed as No. The salary and increase projections for the two highest-paid majors—engineering and computer science—are nearly identical. The average earnings for all college graduates, according to 24/7 Wall St., is $25,818. Median early-career wage: $33,400 Median mid-career wage: $60,000 Liberal arts majors undertake a... 3. But what does unemployment mean? Liberal arts majors have the second highest unemployment rate on this list. It is important to note that while those who major in these fields are at an increased risk of joblessness, most of majors on this list still have a lower unemployment rate than the broader labor force as a whole, underscoring the importance of a college education, regardless of major. While the majority of college majors have unemployment rates of 3% or lower, there are others with jobless numbers closer to 9%. There you have it – the top 10 majors with the highest unemployment rates. Unemployment rate 2.1 percent for college grads, 4.3 percent for high school grads in April 2018. Read on to learn more about our top 10 majors with the highest unemployment rate. Using Census Data from PUMS, we looked at the total number of people who graduated with each particular major. Like metallurgical engineering, nuclear engineering is another super important sounding degree with a high unemployment rate. Majors With the Highest Unemployment Rates. But what about degrees like metallurgical engineering? Unemployment Rate: 8.24% May 10, 2018. Data refer to place of residence. This pattern was consistent with what was observed for the share of people living in households with very low work intensity (also highest in cities). It’s important to note that this data represents a 2017-2018 average and was released on July 17, 2020. Although many of us would probably gladly pay someone to make us amazing food, turns out there is not a huge job market for people with degrees in these fields. Unfortunately for librarians, tech advances have led to a decline in job opportunity. Fine art is the least valuable major in college, according to a new survey of 162 degrees in the US. College Majors with Highest and Lowest Unemployment Rates 7 Majors With the Highest Employment Rates. Unemployment Rate: 5.88% So you are trying to decide which degree to pursue in college, but you are unsure which degrees actually land jobs. Below are the top twenty five. Here's what we learned: if you major in nursing you will definitely find a job (2.2% unemployment). The unemployment rates are taken from the ratio of unemployed residents to the entire estimated size of the metro area’s labor force. An analysis by country of birth reveals slightly lower rates for people born in the reporting country (8.4 %) and people born in another EU Member State (8.6 %). Sounds important, right? The collapse of the housing market means architecture majors now face an unemployment rate of 13.9%, the highest of all the majors tracked. Is followed by fine arts of unemployed residents to the entire estimated size of the best in in... 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