The table illustrates average weekly earnings for people with different levels of education measured in dollars in 2005, while the bar graph depicts the unemployment rate of the same groups in percentages.
Overall, almost all educational levels showed the inverse correlation between earnings and unemployment. A professional degree was the highest-paid qualification and had one of the lowest unemployment rates, similar to doctoral degree holders. In contrast, those who had less than a high school diploma, depicted the opposite results of employment.
Professional and doctoral degree holders earned 1800 and 1740 dollars per week respectively. Master’s degree followed, with earnings of 1,560 dollars weekly. Linking this data to the unemployment rate, it can be seen that the two highest-earning groups showed the lowest results of approximately 1.5%, while the master’s degree was noted at just over 2.5%.
Those who did not get a school diploma, had the lowest salaries in 2005, at 538$ on average. People with a high school diploma earned 701$, followed by 840$ among individuals with some college, but no degree. Comparing the findings of the salary amount with the unemployment rate, the lowest-paid group had the highest result of just over 8%, followed by slightly below 6% among high school diploma holders. Those with some college but no degree had around 4% rate.