The New Bachelor’s Payoff

Doubts about the labor-market returns of bachelor’s degrees, while never serious, can be put to rest. Last month’s federal jobs report showed a rock-bottom unemployment rate of 2.8 percent for workers who hold at least a four-year degree. The overall unemployment rate is 5.7 percent. But even that welcome economic news comes with wrinkles. A prominent financial analyst last week signaled an alarm that employers soon may face a shortage of job-seeking college graduates. And the employment report was a reminder of continuing worries about “upcredentialing” by employers, who are imposing new degree requirements on jobs.

・ From Inside Higher Ed