In the United States, women holding a bachelor's degree earned, on average, 1,352 U.S. dollars per week in the second quarter of 2024. This can be compared with male bachelor's degree holders who on average earn 1,757 U.S dollars.
Unemployment rate, participation rate, and employment rate by educational attainment, gender and age group, annual.
In April 2025, the agriculture and related private wage and salary workers industry had the highest unemployment rate in the United States, at eight percent. In comparison, government workers had the lowest unemployment rate, at 1.8 percent. The average for all industries was 3.9 percent. U.S. unemployment There are several factors that impact unemployment, as it fluctuates with the state of the economy. Unfortunately, the forecasted unemployment rate in the United States is expected to increase as we head into the latter half of the decade. Those with a bachelor’s degree or higher saw the lowest unemployment rate from 1992 to 2022 in the United States, which is attributed to the fact that higher levels of education are seen as more desirable in the workforce. Nevada unemployment Nevada is one of the states with the highest unemployment rates in the country and Vermont typically has one of the lowest unemployment rates. These are seasonally adjusted rates, which means that seasonal factors such as holiday periods and weather events that influence employment periods are removed. Nevada's economy consists of industries that are currently suffering high unemployment rates such as tourism. As of May 2023, about 5.4 percent of Nevada's population was unemployed, possibly due to the lingering impact of the coronavirus pandemic.
In 2023, around 23.5 percent of high school dropouts were unemployed, compared to 15.8 percent of graduates. See the United States unemployment rate and the monthly unemployment rate for further information. Unemployment among high school dropouts and high school graduatesAs seen from the timeline above, high school graduates are generally employed at a higher rate than individuals who had dropped out of high school. Since 2000, the share of high school dropouts to be employed has risen and fallen. Unemployment of high school dropouts reached a low in 2020 at 7.5 percent, falling well below graduates. In 2021, 90.1 percent of the U.S. population who were aged 25 and above had graduated from high school. Unemployment of high school graduates not enrolled in college is much higher than the national unemployment rate in the United States. As of 2021, unemployment in the U.S. was at 5.3 percent, down from a high of 9.6 percent unemployment in 2010, the highest yearly rate in ten years. Nationwide, unemployment is worst among farming, fishing, and forestry occupations, with a rate of 5.1 percent in May 2022, followed by construction and extraction occupations and transportation and material moving occupations. Not only were more than 7.5 percent of high school dropouts unemployed in 2021, but working high school dropouts earned less on average than individuals of any other level of educational attainment. In 2020, mean earnings of individuals who had not graduated from high school were about 26,815 U.S. dollars annually, compared to 39,498 dollars among high school graduates and 73,499 dollars among those with a Bachelor's degree.
Number of persons in the labour force (employment and unemployment) and not in the labour force, unemployment rate, participation rate, and employment rate, by educational degree, gender and age group, annual.
The youth unemployment rate for those aged between 16 and 24 in the United Kingdom was 14.2 percent in May 2025, compared with 14.2 percent in the previous month. After falling to just 9.2 percent in July 2022, the youth unemployment rate has increased at pace and is almost as high as it was following the COVID-19 pandemic in 2020. Nevertheless, youth unemployment is lower than in the early 2010s, when youth unemployment reached a high of 22.5 percent in November 2011. Almost one million UK youth not in work or education In the fourth quarter of 2024, the number of people aged between 16 and 24 that were not in education, employment, or training (NEET) was 987,000, the highest figure in more than ten years. One of the main reasons for this increase has been the general rise in people being on long-term sick leave since the COVID-19 pandemic, which reached a peak of 2.8 million at the end of 2023. While older adults are still more likely to be on long-term sick, the number of younger workers on long-term sickness has increased more rapidly. In the ten years between 2014 and 2024, the number of 16 to 24-year-olds economically inactive for this reason increased from 138,000 to 271,000. Prospects for youth employment in 2025 Reversing the current trend of increasing youth inactivity is one of the main challenges facing the UK economy in 2025. It is currently unclear if the labor market is equipped to handle this issue, however. Job vacancies, while not at a particularly low level, have been falling for several months since peaking in 2022. UK businesses are also under pressure from an increase in the national insurance they must pay from April 2025 onwards, with taxation being the main external concern of UK businesses at the end of 2024. In this environment, it is uncertain if they will hire more staff, especially younger workers who have spent extended periods of time out of work.
As of the fourth quarter of 2023, the unemployment rate in South Africa stood at 32.1 percent. The majority of unemployed individuals had an education level below matric (grade 12), while those that had finished their matric year represented around 34 percent. Graduates had the lowest share of unemployment at approximately 10 percent.
Approximately 14.2 percent of people aged 16 to 24 were unemployed in the United Kingdom in the first quarter of 2025, the highest of any age group in that month. During this time period, older age groups have had much lower unemployment rates than younger ones, who have consistently had the highest unemployment rate. For almost all the age groups, the peak in the unemployment rate was recorded in 2011 when almost a quarter of young working age people were unemployed. Young adults in the labor market In the provided time period, youth unemployment was at its lowest rate in the third quarter of 2022, when it was 10.3 percent. Since then, there has been a noticeable uptick in youth unemployment, which was 14.8 percent towards the end of 2024. A more long-term trend among this age group is the increase in economic inactivity, with 40.8 percent of 16 to 24-year-old's not in work or actively looking for work in 2024. Although students or people in training account for a high share of this economic inactivity, there has also been a rise in the proportion of young adults who are not in education, employment or training (NEET), which reached a ten-year-high of 13.2 percent in late 2024. Unemployment up from low baseline in late 2024 In 2022, the UK labor market, had very low levels of unemployment along with a record number of job vacancies. Throughout 2023 and 2024, this very tight labor market began to loosen, although is still quite low by historic standards. One indicator that has stood out since the COVID-19 pandemic, however, has been the number of people economically inactive due to being on long-term sick leave, which reached 2.82 million in the first quarter of 2024, and has been the main reason for economic inactivity in the UK since late 2021.
In July 2024, 3.16 billion U.S. dollars were paid out in unemployment benefits in the United States. This is an increase from June 2024, when 2.62 billion U.S. dollars were paid in unemployment benefits. The large figures seen in 2020 are largely due to the impact of the coronavirus pandemic. Welfare in the U.S. Unemployment benefits first started in 1935 during the Great Depression as a part of President Franklin D. Roosevelt’s New Deal. The Social Security Act of 1935 ensured that Americans would not fall deeper into poverty. The United States was the only developed nation in the world at the time that did not offer any welfare benefits. This program created unemployment benefits, Medicare and Medicaid, and maternal and child welfare. The only major welfare program that the United States currently lacks is a paid maternity leave policy. Currently, the United States only offers 12 unpaid weeks of leave, under certain circumstances. However, the number of people without health insurance in the United States has greatly decreased since 2010. Unemployment benefits Current unemployment benefits in the United States vary from state to state due to unemployment being funded by both the state and the federal government. The average duration of people collecting unemployment benefits in the United States has fluctuated since January 2020, from as little as 4.55 weeks to as many as 50.32 weeks. The unemployment rate varies by ethnicity, gender, and education levels. For example, those aged 16 to 24 have faced the highest unemployment rates since 1990 during the pandemic. In February 2023, the Las Vegas-Henderson-Paradise, NV metropolitan area had the highest unemployment rate in the United States.
In 2024, Sudan was ranked as the most miserable country in the world, with a misery index score of 374.8. Argentina ranked second with an index score of 195.9. Quality of life around the worldThe misery index was created by the economist Arthur Okun in the 1960s. The index is calculated by adding the unemployment rate, the lending rate and the inflation rate minus percent change of GDP per capita. Another famous tool used for the comparison of development of countries around the world is the Human Development Index, which takes into account such factors as life expectancy at birth, literacy rate, education level and gross national income (GNI) per capita. Better economic conditions correlate with higher quality of life Economic conditions affect the life expectancy, which is much higher in the wealthiest regions. With a life expectancy of 85 years, Liechtenstein led the ranking of countries with the highest life expectancy in 2023. On the other hand, Nigeria was the country with the lowest life expectancy, where men were expected to live 55 years as of 2024. The Global Liveability Index ranks the quality of life in cities around the world, basing on political, social, economic and environmental aspects, such as personal safety and health, education and transport services and other public services. In 2024, Vienna was ranked as the city with the highest quality of life worldwide.
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In the United States, women holding a bachelor's degree earned, on average, 1,352 U.S. dollars per week in the second quarter of 2024. This can be compared with male bachelor's degree holders who on average earn 1,757 U.S dollars.