Pursuing a Degree: Is Unemployment Rate a Factor? March 4, 2010

I came across CNN’s economy tracker, a chart that tracks the unemployment rate and budding employment opportunities in a variety of industries through the recession. It is no news to anyone that certain industries have been hit harder than others, but these fields aren’t dying necessarily. In fact, it’s industries in the red that need educated leaders to spur innovation. The question is, who will take on the challenge?

Check out CNN’s poignant illustration of the lack of growth in manufacturing:

manufacturing-jobs1

Most states have seen more than 10% decline in the manufacturing industry. Is it worthwhile to pursue a degree in this field when job opportunities are lacking?

On the other hand, opportunities in education and health services are booming:

education-health-services-jobs

If you’re in the process of pursuing your degree, did the unemployment rate factor into the subject you decided to study? If you’re going back to school after being laid off, did you consider the growth of certain other industries so that you don’t fall into the same situation in the future? What if you’re not passionate about an industry that’s booming - do you still go for it? Let me know in the comments!

Share |

Leave a Reply