Unemployment Myth: Education Shortens Time Unemployed

A myth regarding unemployment that your level of education plays a large role in the length of time spent in Career Purgatory. But obtaining an advanced education has little to no affect on the length of time spent unemployed. The major factors to determine why people are unemployed are much larger than what one person has control over. Such factors exist like overall economic picture, region of the country, or industry.

The Federal Reserve Bank of Cleveland has a report that shows that the length of time spent unemployed does not vary with level of educational.

Read the full report from the Federal Reserve Bank of Cleveland.