The table and bar chart illustrate average weekly incomes and unemployment levels in America based on educational qualifications in 2005.
Overall, the level of education was directly proportional to the amount of weekly salaries in the US, but was negatively correlated with the rates of joblessness.
Focusing first on average weekly incomes, in 2005, citizens with doctoral and professional degrees earned the most money, with the latter’s 1800 dollars outstripping the former’s 1740 dollars despite being lower in educational levels. Trailing behind these two demographics were those holding a Master’s degree, who made 1560 dollars per week, and those with a Bachelor’s degree, whose income in a week was 1246 dollars. The figures for the remaining educational degrees were significantly lower. Citizens who studied college but had no degrees made just 840 dollars, while those with a high school diploma and with less than a high school diploma recorded weekly earnings of only 701 and 538 dollars, in that order.
Turning to unemployment rates, US residents with less than a high school diploma reported the highest percentage, with slightly over 8% having no job. Unemployment among those who had a high school diploma and who failed to graduate from college was slightly milder, at approximately 5.7% and 4.2%, respectively. Even lower unemployed proportions could be seen in Master’s degrees (slightly under 3%) and Bachelor’s degrees (around 2.6%). But it was in the categories of professional and doctoral degrees that the issue of unemployment was the least severe as only about 1.5% of people here did not have a job.