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Can you get through a recession with a college degree?

While closing the gap is important for getting more citizens across America employed, is it a worthwhile investment when our economy has been hit hard and jobs more scarce? It turns out that economic strains are making the need for skilled workers even greater. An article by Jamie Merisotis, president of the Lumia Foundation, published by The Hill demonstrates the importance of educating low-skilled citizens as we ride the tail of the Great Recession. 
According to the article, those with just a high school degree lost 230,000 jobs while those with college degrees gained 187,000 jobs during the slow recovery between January 2010 and February 2012. The stats are even more telling for recent graduates. While unemployment rates for new four-year college graduates reached a high at 11.1% in July 2011, they have dropped to 6.8% as of May 2012. For those entering the job market right after high school, their unemployment rate peaked at 30% and was still at 24% in May, by comparison. The difference is even more drastic when manifested in underemployment statistics. While only one in seven recent college grads are underemployed, nearly half of all recent high school graduates are mired in underemployment as they seek out solid footing.

Read the full story and check out an infographic about job losses and gains during the recession here.
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