Graphic design and history majors are doing a little better, with unemployment rates for recent grads near 10 … Students who graduate with a degree in Fine Arts also have one of the lowest median wages, at $32,000. Chemistry research has led to the discovery and development of new and improved drugs, plastics, fertilizers, flavors, batteries, and cleaners, as well as thousands of other products. https://www.creditsesame.com/blog/education/college-majors-with-highest-unemployment/, Although the unemployment rate for college graduates is significantly lower than the overall rate, Credit Sesame wanted to see how unemployment statistics vary by college major. The stereotype of the “starving artist” exists for a reason. Architecture is another surprising find that requires its students to undergo several years of specialized education, only to face a very crowded job market. Mathematics is the second most popular on this list, but has an unemployment rate of 5.6%. The Georgetown University Center on … Copyright © 2010 - 2020 Credit Sesame, Inc. | All rights reserved. The .gov means it's official. According to the Bureau of Labor Statistics, the unemployment rate in the U.S. as of April 2018 is at a ten-year low of 3.9%. Photo Credit: vangelis aragiannis / Alamy Stock Photo. Some academic majors, however, have much higher unemployment rates. Fine Arts might include many creative fields, such as graphic design, painting, performing arts, or music. Trends for young workers holding only a high school diploma provide a comparison General Education majors have an unemployment rate of just 1%. The degree prepares graduates for careers as professional musicians, arrangers, music teachers, and composers. Earth Sciences usually includes subfields such as geology, climatology, oceanography, and meteorology. The percentile wage estimate is the value of a wage below which a certain percent of workers fall. Photo Credit: Wavebreak Media ltd / Alamy Stock Photo. The social sciences encompass fields that include anthropology, economics, political science, psychology, and sociology, which do not have the same demand in the workforce as STEM fields. Nearly 7% of graduates with degrees in Interdisciplinary Social Studies are unemployed. Anthropology is a specialization within the social sciences that emphasizes the study of humans, human behavior, and societies over time. This list shows the spot unemployment rate for each major, obtained from the 27,480 alumni who have taken our survey. College graduates fared better, while people with just a … College students looking for a reliable income in their working years may want to bypass majors which have unemployment rates above 6.5%.Unfortunately, there are more occupations than you might think that fall into the category of having a high unemployment rate. The collapse of the housing market means architecture majors now face an unemployment rate of 13.9%, the highest of all the majors tracked. The proportion of graduates in full-time employment four months after finishing their degrees has plummeted over the past decade to 72.9 per cent last year from as high as 85.2 per cent in 2008. Employment Opportunities; Chemical engineers are hired at major companies that include pharmaceutical companies and laboratories. The. The majors within the Art major category represent the highest rate of unemployment. The U.S. unemployment rate was 3.7% as of July 2019, according to the U.S. Bureau of Labor Statistics, and the unemployment rate for Bachelor’s degree recipients was 2.2%. Average unemployment rate for this major: 4.1%; Average salaries for professionals with these majors: $48,000; Music. Its researchers analyzed data from the U.S. Census Bureau, American Community Survey (IPUMS), as published by the New York Fed, to determine unemployment, underemployment, and median wages for different college majors and rank them by unemployment rate. High school students can prepare for college coursework by taking chemistry, math, and computer science classes. On the flip side, construction services majors earn a median mid-career wage of $85,000 but have one of the highest unemployment rates among all college majors. Employment estimate and mean wage estimates for this occupation: Percentile wage estimates for this occupation: Industries with the highest published employment and wages for this occupation are provided. Not to be confused with a traditional Engineering major, which offers a more advanced curriculum and prepares students to become professional engineers, the Engineering Technologies degree emphasizes hands-on application and implementation and usually leads to a lesser-paying career as a technologist. And 103,151 online job postings over the … With 6,954 recent graduates, Engineering Technologies is the least popular major on this list. Before sharing sensitive information, The top employment and wage figures are provided above. Both majors also boasted some of the highest median salaries on the list, at $80,000 and $99,000, respectively. College graduates fared better, while people with … A Liberal Arts curriculum is composed of a variety of humanities subjects such as literature, history, philosophy, and theology, and social sciences such as psychology and political science. Photo Credit: Witthaya Prasongsin / Alamy Stock Photo. 8. The Salary and Employment Status Survey (also known as the Comprehensive Salary Survey) is conducted annually among domestic ACS members under 70 years old and not student-, retired-, or emeritus-status members. Conduct qualitative and quantitative chemical analyses or experiments in laboratories for quality or process control or to develop new products or knowledge. Estimates do not include self-employed workers. Fine arts majors leave school with the ability to take on a host of careers within the art world. A location quotient greater than one indicates the occupation has a higher share of employment than average, and a location quotient less than one indicates the occupation is less prevalent in the area than average. Materials scientists study the structures and chemical properties of various materials to develop new products or enhance existing ones. Choosing a field of … https:// ensures that you are connecting to the official website and that any Choosing a field of study in college is a personal decision often based on interests and talents. The early-career median wage for Earth Sciences majors is $40,000. While the majority of college majors have unemployment rates of 3% or lower, there are others with jobless numbers closer to 9%. This discrepancy is particularly pronounced when comparing workers with a high school degree (4.6% unemployment) and those with a college degree (2.1% unemployment). A May 2013 study from the Georgetown University Center on Education and the Workforce reveals that students who studied architecture have a high unemployment rate of 12.8 percent among recent college graduates, defined as those between ages 22 and 26 with bachelor degrees. , to determine unemployment, underemployment, and median wages for different college majors and rank them by unemployment rate. Become a vital part of the SesameThrive community and share your experiences and insights. The degree program mostly deals with biology, chemistry and physics. Find out which credit offers are tricks, and which ones are treats. This statistic shows the unemployment rate of recent graduates in the United States from January 2016 to September 2020. Broadly defined, the social sciences involve the study of society and the relationships among individuals within a society. Other potentially surprising majors grappling with unemployment include actuarial science, which had an unemployment rate of 5.1 percent, as well as mathematics and computer science, at 4.5 percent. Occupational Employment and Wages, May 2019 19-2031 Chemists. The early-career median wage for a mathematics major is $48,000. College Majors with High Unemployment Rates. Social Science Or History Teacher Education • Avg. Fine Arts has the second-highest unemployment rate (6.4%) and one of the highest underemployment rates (58.5%) out of the majors listed by the New York Fed. Lowest-Value Majors. In 2009, the employment rate of graduates who had bachelor's degree was in the 88% range. As a result, Liberal Arts students often have a harder time than more technical students in finding a job, as evidenced by the 6.3% unemployment rate and 57.0% underemployment rate. An official website of the United States government information you provide is encrypted and transmitted securely. This discipline has the highest unemployment rate of any STEM fields listed here. With 6,954 recent graduates, Engineering Technologies is the least popular major on this list. Almost two-thirds of Mass Media graduates are either unemployed or underemployed. Avoiding calculus and chemistry classes in college could cost grads in the long run. The analysis indicates that most of the majors with high unemployment are in the humanities, social sciences, and fine arts. Graduates in mechanical, industrial, aerospace, and chemical engineering all have unemployment rates below 4%, while graduates in Engineering Technologies have an unemployment rate of 5.5%. Federal government websites often end in .gov or .mil. Education-related majors tend to have low unemployment rates, but also much lower salaries compared to the median for all bachelor’s degrees. Unemployment, underemployment and wage data is from the U.S. Census Bureau, American Community Survey (IPUMS), republished by the Federal Reserve Bank of New York. Trick or Treat! A deeper dive into the data suggests that not all majors are valued equivalently in the workplace. The number of surveys, years, major, motivation levels and tenacity all play a role in employment rates, and overall employability. Although English majors might enter a variety of fields that involve reading and writing, there is no clear career track as with pre-professional programs like nursing or engineering. This is a significant decrease from the peak 10% unemployment in October 2009, at the height of the recession. Photo Credit: Cultura Creative (RF) / Alamy Stock Photo. For a list of all industries with employment in this occupation, see the Create Customized Tables function. Many graduates who studied English find themselves underemployed or unemployed, leading to a low median wage of $35,000. Aside from teaching at a university, there are few jobs within the field of philosophy itself. Graduates in mechanical, industrial, aerospace, and chemical engineering all have unemployment rates below 4%, while graduates in Engineering Technologies have an unemployment rate of 5.5%. The unemployment rate for bachelor’s degree holders in the US is 2.1%. How we determined the hardest majors to get a job after college. The major with the highest unemployment rate was petroleum engineering, with 7.5% — despite graduates with that major having a median income of $87,600. 444 Castro St., Ste 500, Mountain View, CA 94041, 100 Montgomery St., Ste 2500, San Francisco, CA 94104. The smaller the relative standard error, the more precise the estimate. English Language is one of the most popular college majors, with 191,013 recent graduates. Over the last 20 years, employment rates are either flat or down in each major discipline, from computer science to chemistry. Unemployment rate: 9.1%; With an unemployment rate of 9.1% for fine arts grads, the career outlook is pretty grim. The data shown represents 2015-2016 averages and only includes people aged 22 to 27 with a bachelor’s degree or higher. Every 5 th year, the ACS conducts the ChemCensus. The unemployment rate of graduates. Credit Sesame is a completely free personal finance tool that provides you with a free credit score and recommendations to help you take action on your credit and save money on your loans and credit cards. None of the majors are in business, healthcare, or traditional engineering fields, which are pre-professional and have a clear career track that is in high demand. While lower unemployment rates suggest signs of economic recovery, the unemployment rate varies significantly by factors such as age, location, and education. You can trust that we maintain strict editorial integrity in our writing and assessments; Here are the 20 college majors … The median wage is the 50th percentile wage estimate--50 percent of workers earn less than the median and 50 percent of workers earn more than the median. Other OES estimates and related information: May 2019 National Occupational Employment and Wage Estimates, May 2019 State Occupational Employment and Wage Estimates, May 2019 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates, May 2019 National Industry-Specific Occupational Employment and Wage Estimates, Division of Occupational Employment Statistics, NATIONAL INDUSTRY-SPECIFIC AND BY OWNERSHIP, Pharmaceutical and Medicine Manufacturing, Scientific Research and Development Services, Architectural, Engineering, and Related Services, Chemical Manufacturing (3251, 3252, 3253, and 3259 only), Federal Executive Branch (OES Designation), Chemical Manufacturing (3255 and 3256 only), Philadelphia-Camden-Wilmington, PA-NJ-DE-MD, Washington-Arlington-Alexandria, DC-VA-MD-WV, Balance of Lower Peninsula of Michigan nonmetropolitan area, West Texas Region of Texas nonmetropolitan area, Mountain North Carolina nonmetropolitan area, Coastal Plains Region of Texas nonmetropolitan area, North Texas Region of Texas nonmetropolitan area. The complete list is available in the downloadable XLS files. More about percentile wages. Unemployment Rate in Brunei increased to 9.10 percent in 2019 from 8.90 percent in 2018. Photo Credit: Steve Skjold / Alamy Stock Photo. (2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours; Also referred to as a “Communications” major, Mass Media is a program that includes the study of various forms of media, including television, video,  journalism, radio, advertisements, documentaries, and websites. States with the highest employment level in this occupation: States with the highest concentration of jobs and location quotients in this occupation: Metropolitan areas with the highest employment level in this occupation: Metropolitan areas with the highest concentration of jobs and location quotients in this occupation: Top paying metropolitan areas for this occupation: Nonmetropolitan areas with the highest employment in this occupation: Nonmetropolitan areas with the highest concentration of jobs and location quotients in this occupation: Top paying nonmetropolitan areas for this occupation: About May 2019 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates. Unemployment Rate: 6.22% Next up on our top 10 list of majors with the highest unemployment rate is foreign languages. Unemployment rate of U.S. college graduates, by major 2020 Change in share of U.S. college majors 2008-2017 Share of recent U.S. college graduates underemployed 2016-2020 Social Work • Avg. The list is ordered by unemployment rate. Mass Media has the highest unemployment rate at 7.4%. The majors with the highest unemployment rates are included in this list. 13. In this year the unemployment rate of graduates from top universities was 10%. Is how you know philosophy students is $ 48,000 earn high five-figure salaries with a bachelor s! With the highest unemployment rates, and which ones are treats 1 ) Estimates for occupations! And wage figures are provided above average salaries for professionals with these majors: $ 48,000 music... Oceanography, and music history median income of $ 35,000 design, painting, arts. Of Labor Statistics ( BLS ) the value of a tie, the employment rate of just 1.. 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