2008 Woodie Awards
Job Market Improves for College Graduates
Tanisha Mathis
Issue date: 11/13/06 Section: Holt News
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According to new Census data released at the end of October, college graduates earn an average of over $20,000 a year more than high school graduates.
In 2004, adults 18 years and older with a bachelor's degree earned an average of $51,554. Their high school diploma counterparts earned $28,645. Those with an advanced degree made even more, averaging $78,093.
The survey went into detail with numerous demographic breakdowns considering gender and race. While men had a lower high school graduation rate than women - 84.9 percent compared to 85.4 percent, they had a greater proportion obtain a bachelor's degree -28.9 percent compared to 26.5 percent of women. Whites had the highest proportion of high school degrees (90 percent), followed by Asians (88 percent), blacks (81 percent), and Hispanics (59 percent).
The survey also divided its educational statistics based on a state by state comparison.
The District of Columbia had the highest proportion of people with a bachelor's degree at 47 percent, followed by Connecticut, Massachusetts, Maryland and New Jersey.
While the states with the highest proportions of high school diplomas were Utah, Minnesota, Montana, New Hampshire and Alaska (all around 92 percent).
The data, collected from the 2005 Current Population Survey's Annual Social and Economic Supplement (ASEC), which was conducted from February through April 2005 at about 100,000 addresses, falls in line with a new survey that was also recently released.
The class of 2006 will enter the strongest job market in the past four years and their salaries will reflect the boost, according to a new survey. Those who majored in Information Sciences and Systems will see the largest average salary increase.
According to the Fall 2006 edition of "Salary Survey", a quarterly report by the National Association of Colleges and Employers (NACE), they will take home a 7.5percent increase from 2005.
"These salary increases combined with the results of a recent poll of Salary Survey participants indicate that 2005-06 has been the best job market in the past four years," said NACE executive director Marilyn Mackes in a statement.
In 2004, adults 18 years and older with a bachelor's degree earned an average of $51,554. Their high school diploma counterparts earned $28,645. Those with an advanced degree made even more, averaging $78,093.
The survey went into detail with numerous demographic breakdowns considering gender and race. While men had a lower high school graduation rate than women - 84.9 percent compared to 85.4 percent, they had a greater proportion obtain a bachelor's degree -28.9 percent compared to 26.5 percent of women. Whites had the highest proportion of high school degrees (90 percent), followed by Asians (88 percent), blacks (81 percent), and Hispanics (59 percent).
The survey also divided its educational statistics based on a state by state comparison.
The District of Columbia had the highest proportion of people with a bachelor's degree at 47 percent, followed by Connecticut, Massachusetts, Maryland and New Jersey.
While the states with the highest proportions of high school diplomas were Utah, Minnesota, Montana, New Hampshire and Alaska (all around 92 percent).
The data, collected from the 2005 Current Population Survey's Annual Social and Economic Supplement (ASEC), which was conducted from February through April 2005 at about 100,000 addresses, falls in line with a new survey that was also recently released.
The class of 2006 will enter the strongest job market in the past four years and their salaries will reflect the boost, according to a new survey. Those who majored in Information Sciences and Systems will see the largest average salary increase.
According to the Fall 2006 edition of "Salary Survey", a quarterly report by the National Association of Colleges and Employers (NACE), they will take home a 7.5percent increase from 2005.
"These salary increases combined with the results of a recent poll of Salary Survey participants indicate that 2005-06 has been the best job market in the past four years," said NACE executive director Marilyn Mackes in a statement.
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