The graph illustrates the unemployment percentage of people in the U.S. and provides information about the average weekly income people received in 2005.
Overall, the professional degree is high-paying compared to all other sectors. The degree that receives a low salary is less than a high school diploma.
On one hand, the Doctoral degree is similar to a professional degree, with a ratio of just 60. Moreover, the Bachelor’s and Master’s degrees hold intermediate values of 1246 and 1560 in the year 2005. The lowest salaries were in the other three sectors, with those having some college or no degree earning 80% of what Bachelor’s degree holders earned and 70% of what high school diploma holders earned.
Compared to these, the unemployment rate was higher than the employment rate in 2005. Only 1.5 percent of students with Doctoral and professional degrees were jobless, but the highest rate of 8.2 percent was among students with less than a high school diploma. According to this, less than 3 percent of those with Bachelor’s and Master’s degrees were jobless, while 4-5 percent of students with some college but no degree were unemployed. Then, 5 to 6 percent of high school diploma holders were unemployed.