Measuring Joblessness Through An Educational Lens

Rodgers, a professor at Rutgers University, calls it "bifurcated" because people who have college degrees are getting hired, but those who didn't finish school are sitting on the sidelines. Many have given up on their search for work.
"This horrible recession, combined with this weak recovery, has lead to this bifurcated set of outcomes," he says.
The nation's unemployment rate fell slightly in March to 8.8 percent and more than 200,000 jobs were added to the payroll. But the unemployment rate leaves out a lot of people — including those who have stopped looking for jobs and have dropped out of the labor force.

"One of the things that I think is sort of an intuitive idea is that if the unemployment rate is improving, that's really only good news if we see a bigger share of the labor force that's working," says Heidi Shierholz, an economist with the Economic Policy Institute.
Shierholz thinks the employment-to-population ratio, which measures the share of the U.S. population that has a job, is a more accurate reflection of the unemployment picture. The ratio has hardly budged over the past year. And that means the percentage of people working in this country hasn't changed even though the unemployment rate has ticked down.
Left Out, Going Back To School
Young has four kids and a husband who's on disability. The family lives just outside of Salt Lake City. Young left college early to get married and raise a family. When her husband got sick, she had to jump into the workforce.
But Young says that plan didn't work out; she searched for work for three years.
"Even though I have put in hundreds of applications and dozens and dozens of resumes, employers tell me in interviews that they are looking for someone with more education — a college degree — or an associate's degree," she says.
So, Young has taken out a loan to go back to college. She starts next week, and ultimately hopes to go to nursing school.

Young's story is pretty typical. Shawn Smith is also feeling the effects of the bifurcated recovery. The 31-year-old moved to three states in as many years looking for work. But nothing stuck.
While he was in college in the 1990s, he was making good money working as a landscaper. So he decided to drop out to work full-time.
Living At Home
Now, he lives with his parents in Largo, Fla., while he's looking for a job. But he's having trouble finding any opportunities because he didn't finish college, he says.
For people like Smith without a college degree, the situation hasn't even bottomed out yet.

In 2007, before the recession, about 70 percent of people who attended some college, but didn't have a bachelor's degree were working, according to the Economic Policy Institute. When the recession hit, that number dropped to about 65 percent and it keeps declining.article Source
http://www.npr.org/2011/04/03/135043989/measuring-joblessness-through-an-educational-lens&sc=nl&cc=nh-20110403