Source: Bureau of Labor Statistics, Current Population Survey.
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In general, from the chart we can see that education pays in higher earnings and lower unemployment rates. Firstly, from the chart of the unemployment rate in 2011, the average of the rate is 7.6%, and the data shows that low degree just like no college degree or even less than college degree is higher rate than average rate of 7.8%. And the lowest rate of unemployment is the doctoral degree. And on the contrary, the chart of the median weekly earnings in 2011 makes clear that the higher education, the higher earnings. And the income of the degree which less than the bachelor’s degree is lower than the average’s of 797$. So, it’s clear that education pays in higher earnings and lower unemployment rates. If we want to have a better salary and higher quality of life, we’d better have a high degree.