xThe charts illustrate the weekly incomes of the US citizens on average, as well as comparing their unemployment rate, segmented by various education levels in 2005.
Overall, the data indicate an inverse relationship between educational qualifications and unemployment level, and a direct relationship between educational attainment and the US residents’ earnings per week, with the exception of professional degree graduates, whose average weekly income surpassed the corresponding figure for doctoral degree achievers.
Turning to the US citizens’ average income on a weekly basis, the doctoral degree and professional degree holders boasted prominent incomes, with the respective weekly salaries of 1740$ and 1800$. Interestingly, the latter, albeit having lower educational attainment, edged out the former’s income by 60$. Trailing behind, the master’s degree and bachelor’s degree graduates earned 1560$ and 1246$ in that order. While the graduated residents boasted high-paid salaries, those pursuing lower educational levels correspondingly received the lower-paid. People who did not achieve degrees, despite attending some college, registered a weekly income at 840$. This number fell progressively across two remaining categories, with high school diploma and those undergraduate high school respectively being paid 701$ and 538$ per week.
This educational disparity was inversely mirrored in unemployment figures. Citizens having less than a high school diploma displayed the top-tier jobless rate at just north of 8%, followed by high school graduates at just shy of 6% and further to individuals with incomplete education at approximately 4%. While non-qualified citizens recorded essential gaps and high figures in their unemployment rate, their qualified counterparts reported far more similar and lower levels, with those graduated with bachelor and master degree showing broadly comparable figures around 3%. Similarly to a precise level, the most educated brackets including doctoral and professional degree suffered negligibly from unemployment, as sharing a count of roughly 1.5% each.