The weak economy and high unemployment rate is a great burden, and people are searching for answers. During this weak economy, many are choosing to go back to school, ride out the market, and add a few more degrees to their resume. However, despite having a higher level of education, the joblessness rate for people with a college degree or higher is at 4.4%.
Whether you are deciding to move into a new line of work or just bolster your resume, there are certain majors that will put you in the fast lane for a job right after graduation. The Wall Street Journal found that six fields of study have an unemployment rate of zero percent. Actuarial Science, Astronomy and Astrophysics, Educational Administration and Supervision, Geological and Geophysical Engineering, Pharmacology, and School Student Counseling all boast a 100 percent employment rate. Other notable majors that pride themselves in low unemployment rates are Agricultural Economics, Teacher Education, and Nursing.
Majors that hold high unemployment rates include: Clinical Psychology, United States History, and Library Science. The aforementioned majors have an unemployment rate of 15% or greater.
The study also examined median earnings and popularity of majors. Business Management and Administration topped the popularity list, while Petroleum Engineering came in first in the median earnings category with $127,000.
Liz Goodwin, The 10 college majors with the lowest unemployment rates, https://news.yahoo.com/blogs/lookout/10-college-majors-lowest-unemployment-rates-163049193.html (accessed 11/9/2011)
The Wall Street Journal, From College Major to Career, https://graphicsweb.wsj.com/documents/NILF1111/#term= (accessed 11/9/2011)