Which degrees have the highest unemployment rate?

Asked by: Destany Hansen  |  Last update: December 10, 2023
Score: 5/5 (31 votes)

College majors with the highest unemployment rate
  • Sociology (9%)
  • Family and consumer sciences (8.9%)
  • Mass media (8.4%)
  • Commercial art and graphic design (7.9%)
  • Foreign language (7.8%)
  • Performing arts (7.6%)
  • Public policy and law (7.4%)
  • Engineering technologies (7.1%)

What careers have the highest unemployment rate?

In June 2023, the leisure and hospitality industry as well as the agriculture industry had the highest unemployment rates in the United States, at 5.1 percent. In comparison, mining, quarrying, and oil and gas extraction workers had the lowest unemployment rate, at 1.3percent.

What degrees have the highest employment rates?

Medicine. A degree in medicine is considered to be one of the most employable degrees of all time and no matter how fierce the competition is, stats show that usually individuals with a medicine degree land a job within 6 months of leaving.

What 5 jobs have the highest unemployment rate?

According to latest data released from May 2023, transportation and material moving occupations experienced the highest level of unemployment that month, with a rate of around 5.6 percent. Second ranked was farming, fishing, and forestry occupations with a rate of 4.9 percent. Total (not seasonally adjusted)

Which level of education has the lowest highest unemployment rate?

As the chart shows, workers age 25 and over who have less education than a high school diploma had the highest unemployment rate (8.3 percent) and lowest median weekly earnings ($626) in 2021 among those at all education levels. Workers with graduate degrees had the lowest unemployment rates and highest earnings.

10 College Degrees With The Highest Unemployment Rates

43 related questions found

Which majors have the lowest unemployment rates?

Those who study engineering and industrial management are among the least likely bachelor's degree holders to be unemployed. Though there are nearly 44,000 people in the U.S. labor force with this degree, and fewer than 600 of them are out of work.

Which degree types have unemployment rates lower than the average for all workers?

Workers with graduate degrees (master's, professional, and doctoral degrees) had the highest earnings and lowest unemployment rates.

What is the highest unemployment rate in Canada?

Unemployment Rate in Canada averaged 7.58 percent from 1966 until 2023, reaching an all time high of 13.70 percent in May of 2020 and a record low of 2.90 percent in June of 1966. This page provides - Canada Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

What jobs have the lowest layoff rate?

Some of the industries with the lowest layoff rates are health care; local, state, and federal government; and finance and insurance, according to an analysis of U.S. Bureau of Labor Statistics data by Outsource Accelerator, an outsourcing firm. The analysis is based on data from June 2022 to October 2022.

What jobs are most employable?

12 high demand jobs
  1. Computer manager. Computer managers oversee a company's network and IT services, ensuring users can access required software and tools without interruption. ...
  2. Paralegal. ...
  3. Technical writer. ...
  4. Web developer. ...
  5. Financial manager. ...
  6. Medical assistant. ...
  7. Software developer. ...
  8. Market research analyst.

What are the least regretted degrees?

Top 10 Most Regret-Free College Majors
  • Computer & Information Sciences (72%)
  • Criminology (72%)
  • Engineering (71%)
  • Nursing (69%)
  • Health (67%)
  • Business Administration & Management (66%)
  • Finance (66%)
  • Psychology (65%)

Which degrees are in demand in Canada?

Degrees to pursue
  • Bachelor of Commerce in Project Management.
  • B.B.A. Business Administration - Project Management.
  • Bachelor of Engineering in Project Management.
  • Master of Engineering in Project Management.
  • Master of Business Administration in Project Management.

Do people with degrees get hired more?

The evidence that a college degree significantly improves one's employment prospects and earnings potential is overwhelming. Bachelor's degree holders are half as likely to be unemployed as their peers who only have a high school degree and they make $1.2 million in additional earnings on average over their lifetime.

Who has the worst unemployment rate in the world?

Here are the 10 countries with the highest rates of unemployment:
  • South Africa - 29.2%
  • Djibouti - 26.1%
  • Equatorial Guinea - 25%
  • Botswana - 24.9%
  • Grenada - 22.9%
  • Eswatini - 22.7%
  • Lesotho - 22.4%
  • Gabon - 20.4%

What job has the least burnout?

  • Data Scientist.
  • Dietitian.
  • Medical Records Technician.
  • Massage Therapist.
  • Appliance Repairer.
  • Librarian.
  • Diagnostic Medical Stenographer.
  • University Professor.

What positions usually get laid off first?

According to research conducted by workforce intelligence company Revelio Labs, companies tend to select their junior employees to be laid off first. Most employees getting laid off right now have only spent about a year with their organization.

What industry has the highest quit rate?

These include the Accommodation and Food Services industry with the highest quit rate of 6.9%, The Leisure and Hospitality industry (6.4%), and the Retail Trade industry (4.7%). The Federal Government Industry had the lowest quit rate in 2021, at only 0.7%.

What city in Canada has the lowest unemployment rate?

Quebec City posted the lowest unemployment rate among Canadian cities with 1.7 per cent.

What city in Canada has the highest employment rate?

Which city has the most jobs in Canada?
  • Toronto, Ontario. It is the most dominant city in Canada when it comes to business and industry. ...
  • Vancouver, British Columbia. ...
  • Montreal, Quebec. ...
  • Calgary, Alberta. ...
  • Halifax, Nova Scotia. ...
  • Ottawa, Ontario.

What percentage of people with a bachelor's degree are unemployed?

The rate is down considerably from its recent high in April 2020 but is 2.5 percentage points higher than before the pandemic in February 2020. For those with a bachelor's degree and higher, the unemployment rate was 3.7 percent in March, down from a high of 8.4 percent in April 2020.

How many art majors are unemployed?

Unemployment rates are generally higher in non-technical majors, such as the Arts (11.1 percent), Humanities and Liberal Arts (9.4 percent), Social Science (8.9 percent)1 and Law and Public Policy (8.1 percent).

What major has the least job opportunities?

College majors with the highest unemployment rate
  • Sociology (9%)
  • Family and consumer sciences (8.9%)
  • Mass media (8.4%)
  • Commercial art and graphic design (7.9%)
  • Foreign language (7.8%)
  • Performing arts (7.6%)
  • Public policy and law (7.4%)
  • Engineering technologies (7.1%)

What is the lowest earning major?

10 of the lowest-paying majors
  1. Hospitality and tourism. Average salary : $24,470 per year. ...
  2. Theology and religion. Average salary: $31,630 per year. ...
  3. Design and applied arts. Average salary: $49,290 per year. ...
  4. Visual and performing arts. ...
  5. Social work. ...
  6. Elementary education. ...
  7. Health and physical education. ...
  8. Psychology.