News Release
For Immediate Release: Feb. 25, 2019
Information Contact: Craig Shaul, (208) 332-3570 ext. 3201
— New Poster With Income Details Now Available —
Idaho Department of Labor research shows education beyond high school can mean higher wages, more promotional opportunities and fewer chances of being unemployed.
In Idaho the average worker with a bachelor’s degree earns $461 dollars more each week than the average worker with only a high school diploma. This difference adds up quickly to $23,972 per year and nearly three quarters of a million dollars – $719,160 – over the course of a person’s prime working years. The gap is substantially larger for workers with advanced degrees like master’s and doctorate degrees.
Workers with higher levels of education are also far less likely to be unemployed. Last year, the Idaho unemployment rate for workers with bachelor’s degrees was only 2.5 percent, compared with 4.6 percent for those with only high school diplomas. The disparity in unemployment rates is even higher when the economy is performing poorly. During the most recent recession the unemployment rates for workers with only high school diplomas reached as high as 11 percent. In comparison, unemployment among workers with college degrees never reached higher than 5 percent during that time.
