MBAs Have Slightly Better Job Outlook As Unemployment Rate Drops To 9.5%
July 06, 2010
By the My MBA Career Content Team – Find Top MBA Degree Programs
Individuals who are considering pursuing an MBA degree may want to consider the benefits the degree holds when it comes to impressing an employer.
The job market still remains tight as the private sector struggles to add jobs. According to the New York Daily News, while it moved beyond previous expectations, the private sector added 83,000 jobs during the month of June. However, 125,000 jobs were cut during this same time period, with the majority being from the U.S. Census.
This was still enough to combat the unemployment rate, dropping it from 9.7 percent to 9.5 percent, the lowest percentage its been in almost a year.
It may be a good idea to have an MBA degree when looking for a job as the report finds that more than 14.6 million Americans are currently searching for a position.
According to the Bureau of Labor Statistics, having an MBA degree may set you apart from the rest as the average unemployment rate for MBAs is 3.9 percent, compared to the rate of jobless bachelor's degree holders, which is 5.2 percent.
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