Unemployment Rate Dip Gives Hope To MBAs
June 09, 2010
By the My MBA Career Content Team – Find Top MBA Degree Programs
Individuals who are interested in attaining employment may want to consider enrolling in an MBA program. The recent unemployment rate gave Americans hope as it dropped 0.2 percentage points over the past month.
There were approximately 431,000 nonfarm payroll jobs added during the month of May, dropping the national unemployment rate from 9.9 percent to 9.7 percent. Analysts are quick to point out that the vast majority of these careers are from the U.S. Census Bureau hiring people for their decennial survey.
Still, this is a sign that the economy is improving after being drastically affected by the economic crisis of 2008. Analysts estimate that there are currently 15 million Americans out of work, with 8.8 million of these individuals jobless due to the recession.
Because the job market is still tight, it may be a good idea for employment seekers to further their education by going back to school to earn a higher degree, such as an MBA. According to the Bureau of Labor Statistics, the unemployment rate for MBA degree holders is 3.9 percent, compared to those with bachelor's degrees, who have a 5.2 percent jobless rate.
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