|U.S. jobless rate for college grads at 5-year low|
|Written by The Associated Press|
|Friday, 06 September 2013 12:57|
The August employment report underscores advice that high school guidance counselors and parents have been offering for years: Attending college increases your chances of getting a job.
Unemployment for college graduates fell in August to 3.5 percent. That's down from 3.8 percent in July and the lowest since November 2008. It's also less than half the national unemployment rate, which dropped to 7.3 percent last month.
For those who attended college but didn't graduate, the news is still encouraging. Unemployment for that group was 6.1 percent last month— still well below the national average.
It gets much worse for those with just a high school diploma (7.6 percent). And the highest unemployment by far is for high school dropouts (11.3 percent).
Here are some details from the government's report:
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