Like the other education-related majors, it is one of the lowest paying fields on this list, with an average salary less than half the average salary among all college graduates. > Unemployment rate: 1.5% > Avg. © 2020 Stewart Title Guaranty Company. ... educational administration and supervision majors have an unemployment rate … Demand for actuaries is projected to grow by about 20% over the next decade. The unemployment and underemployment rates are for individuals with a bachelor’s degree or higher, while the median sala… The major with the lowest unemployment rate was theology and religion at 1.0 percent. salary: $66,210 > BA holders with a master's degree: 46.7% > BA holders in labor force: 5,930. Like other education-related majors on the list, it also has among the lowest average pay. 24/7 Wall St. reviewed data from the U.S. Census Bureau’s American Community Survey to identify the college majors with the lowest unemployment rates. In April 2012, the unemployment rate was 4.6% in Japan. The unemployment rate for humanities majors was 3.2%. Of the more than 100,000 Americans in the labor force who majored in health and medical preparatory programs, only 1.5% are unemployed. For those going into college interested in working as an actuary -- someone who measures business risk and uncertainty -- actuarial science is an appropriate field of study. It’s important to note that this data represents a 2017-2018 average and was released on July 17, 2020. 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%. Communication disorders sciences and services majors study scientific treatment options for individuals with speech, hearing, and a range of cognitive communication problems caused by a disability, disease, or injury. The college major is a base of knowledge, and for some, skill sets that may or may-not be in demand. School Student Counselor majors had a miniscule 1.0 percent unemployment rate and earned an average $33,660 even though nine-in-10 (89.5 percent) had a Master’s degree. The average salary among those who studied math and computer science as undergraduates is $100,580. Those who wish to work in the … As students head off to college in the months to come – both in person and online digitally – and for those that may need to retool due to permanent unemployment, the major of study selected may have a life-long impact. The overall median wage for recent college graduates was $40,000. For many however, college is not the best economic or lifestyle solution as technical and vocational skills are often more in demand. > Unemployment rate: 1.2% > Avg. For example, career paths like engineering or education have lower unemployment rates than majors within the liberal arts. School student counselors work with high school and middle school students to assist with their academic, social, and emotional development, and in the decision making process as to what to do after graduation. While there is no one single major that will position a person for success, failure to have specific knowledge and skill sets will limit a person’s future. Here's what we learned: if you major in nursing you will definitely find a job (2.2% unemployment). That's not bad considering last month's joblessness rate for people with a college degree or higher was 4.4 percent. 24/7 Wall St. reviewed data from the U.S. Census Bureau’s American Community Survey to identify the college majors with the lowest unemployment rates. Here is a list of the college majors that pay off the most. Genetics majors study how DNA is passed down through generations and such wide ranging implications as evolution and passing on hereditary diseases. More important than which specific majors yield the lowest unemployment rates, other factors should include the quality of life, the potential number of various jobs for which an individual would be qualified along with income. salary: $42,825 > BA holders with a master's degree: 72.1% > BA holders in labor force: 24,971. Many jobs in medicine and health care require additional education beyond undergraduate. College majors that are hampered by high unemployment rates include a variety of psychology degrees, fine arts and architecture. > Unemployment rate: 1.5% > Avg. ALSO READ: American Businesses That Might Not Survive Coronavirus Which college majors have the lowest/highest unemployment rates? > Unemployment rate: 1.5% > Avg. Family and consumer sciences. Students who graduate with a degree in Fine Arts also have one of the lowest median wages, at $32,000. Unemployment soared from a multi-decade low to a high not seen since the Great Depression in just a matter of months, affecting Americans of all education levels. Teachers are pillars of society and will be in demand for the foreseeable future. salary: $84,304 > BA holders with a master's degree: 48.8% > BA holders in labor force: 111,086. salary: $106,017 > BA holders with a master's degree: 48.6% > BA holders in labor force: 101,712. While earning a college degree is a proven way to reduce the likelihood of unemployment, not all undergraduate fields of study feed into careers with equally solid job security. > Unemployment rate: 1.4% > Avg. 2) features a 12.9% unemployment rate … > Unemployment rate: 0.7% > Avg. Oceanography majors study the ocean's chemical and physical properties and how the waters move and interact with the rest of the environment -- namely the atmosphere and land. Unemployment is a key economic indicator. > Unemployment rate: 1.6% > Avg. 1. salary: $87,626 > BA holders with a master's degree: 56.5% > BA holders in labor force: 21,425. In comparison, just one-half (52.6 percent) of Molecular Biology majors had an advanced degree, came in with a similar 1.2 percent unemployment rate, but earned 3.1 times that of those with a School Student Counselor undergraduate degree. salary: $110,110 > BA holders with a master's degree: 27.7% > BA holders in labor force: 21,074. That's not bad considering last month's joblessness rate for people with a college degree or higher was 4.4 percent. Follow Ladders’ magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and more! It’s important to note that this data represents a 2017 … With an unemployment rate of 1.7% and an under employment rate of 22.2%, general education is also generally a safe bet, career stability-wise, for education majors. Employment in the occupation is projected to grow by 8% from 2018 to 2028, faster than the average expected growth across all occupations during that time. The higher job security among college graduates who chose the majors on this list does not necessarily mean these jobs will also come with high salaries. Actuaries are typically employed by insurance companies or other large firms with pension plans. > Unemployment rate: 1.2% > Avg. Other career areas appearing at the top of the low unemployment rate list include: education, public policy & law and engineering. Career Guides (48) Georgetown's recent survey provides insight into the salary and unemployment prospects by college major. Those who choose this major have not only some of the most stable career prospects with an unemployment rate of just 0.7%, but also one of the most potentially lucrative careers. Medical/healthcare technician majors . Biochemical Sciences: 4.22%. For any business major, accounting is one of the core-critical studies. In addition to below average wages, the unemployment rate of 4.2 percent for foreign language majors is higher than the average unemployment rate for all bachelor-degree holders. Americans with a bachelor’s degree are nearly half as likely to be unemployed than those with only a high school diploma, according to January 2020 data from the Bureau of Labor Statistics. Unemployment soared from a multi-decade low to a high not seen since the Great Depression in just a matter of months, affecting Americans of all education levels. As is the case with many majors on this list, oceanography is a hard science that can incorporate elements of math, biology, physics, and chemistry. They analyzed unemployment rates, underemployment rates, and the median wages for college graduates aged 22-27. Unemployment Rate: 1.9% Underemployment Rate: 57.3% Median Wage Early Career: … Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially able) not to work, … College students who choose to major in pharmacology study the chemical makeup of drugs, how they interact with the body and with each other, and their potential uses as treatments for certain diseases and conditions. Overall, theology and religion majors earned a post-graduation median wage of around $32,000, while medical technicians made $42,600. Drama Education and language: 4.11% Across all labor force participants with a bachelor’s degree, the annual unemployment rate stood at 2.6% in 2018. > Unemployment rate: 1.2% > Avg. 25 college majors with lowest unemployment rates - CBS News Physics — 4.49% Physics majors typically land jobs at universities or independent research labs. The Georgetown University Center on … Agriculture. Here is a list of the college majors that pay off the most. To that end, they typically study a variety of topics, including pest control, soil quality, and weed control. Privacy policy | Terms of use | Disclaimer. To determine which majors have the lowest unemployment rates for recent graduates, StudySoup’s research team looked at data provided by the U.S. Census Bureau’s American Community Surveyand published by the Federal Reserve Bank of New York. 10. Like many education majors on this list, special needs education majors are not especially well paid, with an average annual salary of just $37,022. College students who major in atmospheric sciences and meteorology study the atmosphere, typically in the context of weather and how to forecast it. Degree holders tend to go on to work as laboratory technicians, geophysicists, and geotechnical consultants. According to Five Rules for the College and Career Game,a recent report released by the Georgetown University Center on Education and the Workforce, students who earn a graduate degree have median earnings twice as high as those who … salary: $95,683 > BA holders with a master's degree: 54.6% > BA holders in labor force: 12,762. Underemployment: 46.9%. Read full article. > Unemployment rate: 0.5% > Avg. Zoology is a subset of biology that focuses on animals of all types, including vertebrates, invertebrates, insects, birds, reptiles, and mammals. College students, take note: There are at least six fields of study whose graduates are virtually 100 percent employed right now. While it’s clear that a college degree helps one’s employment prospects, studies have shown that some degrees are in much higher demand than others. Think STEM. It is important to note that since 2018, the U.S. job market has changed markedly, largely as a result of the COVID-19 pandemic. Students who major in special needs education as undergraduates often end up in special educational teaching roles -- working with students who have specific emotional, mental, learning, and physical disabilities. Animal science majors learn about breeding, feeding, and managing livestock, poultry, and other domesticated animals used in food production. College students, take note: There are at least six fields of study whose graduates are virtually 100 percent employed right now. In general, college majors with STEM provide a lot more diverse and opportunistic plethora than the liberal arts or humanities. To find which college majors have the highest and lowest unemployment rates, tutoring firm HeyTutor analyzed data from the U.S. Census Bureau 2016 & 2017 American Community Survey. While most court reporters work in courtrooms and alongside legislatures, others work remotely, typing closed captioning transcripts for broadcast stations to use. Students who choose this major often end up working as advisers to crop farmers domestically and abroad, analyzing the mineral content of soil samples, or specializing in a specific crop type. Data refer to place of residence. Education majors (non-early childhood education majors). These schools include New York University and the University of Connecticut. Since late January, when the Centers for Disease Control and Prevention reported the first known case of COVID-19 in the U.S., pollsters have been busy fielding surveys to measure just how concerned Americans are and what they think about the government’s response to the outbreak. Molecular biology is a branch of biology that focuses on cell characteristics and chemical processes within organisms. 10 10: Australia According to the Australian Bureau of Statistics, Australia’s unemployment rate has decreased to 5.8 percent due to the drop in the number of people seeking work. Engineering majors including chemical, mechanical, civil engineering, and general engineering all have the lowest unemployment rates. In 2013, nursing majors had the lowest unemployment rate in the US. June 26, 2020 9:37 am. To identify the undergraduate majors with the lowest unemployment rates, 24/7 Wall Street examined the findings of the U.S. Census Bureau’s 2018 American Community Survey, focusing on the respective unemployment rates. Majors with the lowest unemployment rates. While educators are considered an essential class of worker in the United States, many of the lowest-paying majors on this list are in the field of education, with several having average annual salaries below $40,000 a year. > Unemployment rate: 0.0% > Avg. It is important to note that since 2018, the U.S. job market has changed markedly, largely as a result of the COVID-19 pandemic. Occupations associated with pharmacology studies include pharmacist, biomedical scientist, toxicologist, and analytical chemist. As certain private businesses are increasingly dependent on understanding weather, for making deliveries or buying and selling renewable energy, demand for atmospheric scientists is expected to remain strong. Generally, undergraduates who choose a major that steers them into a career in education are far less likely to be unemployed once in the labor force than most American workers. salary: $37,022 > BA holders with a master's degree: 57.7% > BA holders in labor force: 266,202. While elementary school teachers do not necessarily need a master's degree, many earn them to improve their skill set and for higher pay. Unemployment rate: 6.4% Underemployment rate: 49.8% Number of recent graduates: 191,013. Median early-career wage: $32,000. . Mathematics and computer science is an interdisciplinary major that combines the two fields, drawing concepts and tools from each and connecting them. Whether it is for a child, nephew, niece, or grandkid, people are genuinely concerned about the economic future of others. 7. However, in most of the country, student counselors are required to have a master's degree, and not surprisingly, about nine in every 10 Americans who majored in student counseling as undergraduates continue to complete a graduate degree. ALSO READ: Most Affordable Colleges With Best Outcomes in Every State, > Unemployment rate: 1.5% > Avg. November 8, 2011, 8:30 AM. The higher job security among college graduates who chose the majors on this list does not necessarily mean these jobs will also come with high salaries. > Unemployment rate: 0.7% > Avg. Majors With the Highest Unemployment. Some of the most popular colleges offering this major are Texas A&M, North Dakota State University, and North Carolina State University. Pharmacology is one of only two majors where the unemployment rate is effectively 0%. The natural rate of unemployment is between 3.5% and 4.5%. “What a person should study at college,” is the most frequently asked question I receive each month. San Diego County reported … salary: $30,670 > BA holders with a master's degree: 46.1% > BA holders in labor force: 108,133. November 8, 2011, 8:30 AM. Film, video and photographic arts (No. In 2018, the average unemployment rate for all people in the workforce with a Bachelor’s degree was 2.6 percent, compared to a national average 3.9 percent for the entire workforce, as reported by FRED (Federal Reserve Economic Data from the St Louis Fed). (1) Area boundaries do not reflect official OMB definitions. That's right--certain majors, such as pharmacology, produce graduates who face a zero percent unemployment rate. Just 1.4% of the 24,331 Americns in the labor force with a degree in atmospheric sciences and meteorology are out of a job. In comparison, just one-half (52.6 percent) of Molecular Biology majors had an advanced degree, came in with a similar 1.2 percent unemployment rate, but earned 3.1 times that of those with a School Student Counselor … The kinds of careers the majors on this list have often require a postgraduate degree. The overall median wage for recent college graduates was $40,000. Among the majors on this list, the unemployment rate at that time ranged from 1.6% down to effectively zero. Within the 25 college majors, everyone of the majors in the top-five average income group have a math education prerequisite. Nearly half of all Americans in the labor force who majored in health and medical preparatory programs have at least a master's degree, and more than a quarter have a doctorate. 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. Key to keeping most options available is an education in the STEM courses: Science, Technology-Engineering and Mathematics. The careers available to those who major in plant science and agronomy -- which include conservation scientists, crop farmers, and ranchers -- are relatively secure. The 10 college majors with the lowest unemployment rates. Updated November 20, 2017 The U.S. is currently enjoying a healthy 4.1% unemployment rate , exactly eight years after it hit a modern high of 10%. While workers from six majors on this list have average annual incomes in the six-figure range, many other majors on the list have salaries lower than the average annual salary of $61,519 among working college graduates. Using data from the U.S. Census Bureau’s 2018 American Community Survey, 24/7 Wall St. identified the college majors with the lowest unemployment rates. Overall, theology and religion majors earned a post-graduation median wage of around $32,000, while medical technicians made $42,600. salary: $37,587 > BA holders with a master's degree: 51.7% > BA holders in labor force: 102,611. With low demand and low earnings, the arts and humanities are well-represented on this list. The unemployment rate among the 162,319 Americans in the labor force who majored in animal sciences is just 1.5%. However, unlike majors with high graduate school attainment rates, but like many other education-related majors on this list, majoring in mathematics teacher education does not lead to especially high-paying jobs. Read full article. Of the more than 19,000 labor force participants who majored in oceanography as undergraduates, only 0.5% are unemployed. Data refer to place of residence. Teachers (of all levels) – 1.5 percent, median earning at $38,000 That's right--certain majors, such as pharmacology, produce graduates who face a zero percent unemployment rate. Other career areas appearing at the top of the low unemployment rate list include: education, public policy & law and engineering. For those who know going into college that they would like a career as a student counselor, school student counseling is a natural choice for a major. Unemployment: 1.0%. salary: $45,930 > BA holders with a master's degree: 69.5% > BA holders in labor force: 240,185. The overall median wage for recent college graduates was $40,000. Using the WSJ tool, I looked at the 100 most popular college majors and discovered which ones have the highest unemployment rates. salary: $62,937 > BA holders with a master's degree: 10.8% > BA holders in labor force: 112,886. (1) Area boundaries do not reflect official OMB definitions. In fact, the top 25 with the lowest unemployment rate have salaries that range from $27,701-$99,363. Despite the high level of education, the average salary is one of the lowest on the list -- like most education-related majors. In recent times, with the abundant college majors, the United States has reported a reduction in unemployment rates across the country. English Language College Majors With the Lowest Unemployment. Educational psychology students study education through the lens of psychology and apply theories of psychology to improve educational outcomes. Social studies and history teachers instruct students about national or world history while putting current events in a broader context. The major is more versatile than many of the others in education on this list as it prepares the undergraduates to teach multiple age groups -- from elementary school to middle and high school. Americans who major in this field often go on to careers in ranching, dairy farming, and food science. So, here are the 10 major countries that have the lowest unemployment rates in 2014. This is the lowest paying job on the list of majors with the lowest unemployment; it is also very rewarding work. Of the 240,185 labor force participants who studied communication disorders as undergraduates, only 1.6% are unemployed, well below the pre-pandemic 2.6% unemployment rate among all labor force participants with a bachelor's degree. SeattlePI Staff, SeattlePI. The unemployment rate is still higher than the national rate, however. salary: $49,743 > BA holders with a master's degree: 26.7% > BA holders in labor force: 95,235. Some 44% of Americans in the labor force who majored in elementary education have a master's degree. San Diego County has an ICU occupancy rate of 77%. Some common jobs awaiting molecular biology students include pharmacists, biological scientists, and clinical laboratory technologists. salary: $100,580 > BA holders with a master's degree: 47.9% > BA holders in labor force: 17,529. While workers from six majors on this list have average annual incomes in the six-figure range, many other majors on the list have salaries lower than the average annual salary of $61,519 among working college graduates. That suggests the unemployment rate may be low because the demand for jobs in the spirituality sector is low. The mere selection of an undergraduate major in no way assures success or ongoing employment. Teachers are needed in every town in the United States, and as long as Americans continue to have children, teachers will be in demand. Those who go into this field work with students to meet their academic needs. Over the decade between 2018 and 2028, the Bureau of Labor Statistics projects that demand for court reporters will climb by 7% -- faster than the projected employment growth across all occupations. Currently, just 0.7% of the more than 6,000 Americans who majored in court reporting are unemployed. Soil science majors study soil, typically in the context of agriculture, learning the chemical properties of soil, which soils are best suited for specific crops, how to control weeds, as well as conservation and soil management. While educators are considered an essential class of worker in the United States, many of the lowest-paying majors on this list are in the field of education, with several having average annual salaries below $40,000 a year. Of 696 ICU beds ready for use, 534 are occupied — 212 by COVID-19 patients, or nearly 40%. > Unemployment rate: 0.0% > Avg. > Unemployment rate: 1.5% > Avg. Median mid-career wage: $49,000. Not only do applied math majors who enter the labor force have high-job security -- the major has a 1.5% unemployment rate -- they also have high salaries. San Diego Reports 1,000-Plus New Coronavirus Cases For Eighth Consecutive Day – 7:44 p.m., Tuesday, Dec. 8, 2020. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Unlike other majors in the education field that involve student instruction where graduates earn average salaries in the $30,000 range, administration and supervision majors have an average salary of over $48,000 -- still well below the average salary across all occupations of over $61,000. Students who choose this major study communications technology, primarily phones and computers, learning the latest advancements and what is likely coming in the near future. Soil Science and Pharmacology undergraduates each had an effective zero unemployment rate, and very similar level with Master’s degrees (46.7 percent and 54.6 percent, respectively). The analysis noted those with a theology and religion degree was a small percentage. salary: $48,328 > BA holders with a master's degree: 92.5% > BA holders in labor force: 44,857. Currently, just 1.0% of labor force participants who majored in student counseling are unemployed. The kinds of careers many zoology majors go into, including veterinary medicine and animal caretaking, are in high demand. > Unemployment rate: 1.2% > Avg. Some academic majors, however, have much higher unemployment rates. The unemployment rate for older graduates (ages 35 to 54) with advanced degrees was highest among undergraduate arts majors (3.4%), followed by graduates from the humanities (2.8%). Pharmacology is one of only two majors where the unemployment rate is effectively 0%. Like many majors on this list, those who select math teacher education are likely to go onto graduate school. Other career areas appearing at the top of the low unemployment rate list include: education, public policy & law and engineering. That's right--certain majors, such as pharmacology, produce graduates who face a zero percent unemployment rate. Many are working as teachers, psychologists, or managers in school settings, and they are among the least likely labor force participants to be unemployed. Those who decide to major in this field typically have a demonstrated interest in biology, chemistry, and environmental science. Zoology is comprehensive in scope, as majors look within organisms, such as the chemical makeup of their bodies, as well as populations of animals and how they adapt to their environment. Social science or history teacher education is one of several fields on this list whose majors tend to have careers in education. Still, while the economic recovery remains uncertain, many of the majors on this list lead to careers that will likely remain in demand for years to come. > Unemployment rate: 1.0% > Avg. As its name suggests, applied mathematics is the study of using math to solve real world problems as well as anticipating problems that have yet to arise. > Unemployment rate: 0.9% > Avg. Students who choose this major can opt to focus in different areas, including crop production, animal husbandry, sustainable agriculture, and aquaculture. salary: $100,742 > BA holders with a master's degree: 44.2% > BA holders in labor force: 40,617. Like us on Facebook to see similar stories, A 'stab to the heart': Only Anne Frank memorial in U.S. reels from vandalism, President-elect Joe Biden selects Susan Rice as director of White House Domestic Policy Council. Majors listed are ranked from highest to lowest unemployment rate, with ties broken by underemployment rate. — City News Service After receiving a bachelor's degree -- which does not necessarily need to be in actuarial science -- actuaries need to pass a series of exams to become accredited. It is one of several majors in the hard sciences to rank on this list. High employment rates can be symptomatic of a distressed economy. If you go to the newspaper’s site, you can click on the categories to rank majors by the lowest and highest unemployment, earnings and popularity. Unemployment may be classified as either a frictional, structural, cyclical, or demand-deficit type. One of many majors on this list in the education sector, educational administration and supervision majors have an unemployment rate of just 0.9% among them. , graduates with a master 's degree: 27.3 % > BA holders in force... Keeping most options available is an interdisciplinary major that combines the two fields, drawing concepts and tools each... 57,057 > BA holders with a master 's degree: 69.5 % BA. Mere selection of an undergraduate major has a low unemployment rate: 1.5 % BA. The development and testing of drugs majors was 3.2 % discovered which ones have the highest unemployment in!: 24,331, typically in the labor force: 21,074 science and agronomy learn about breeding, feeding and. With a theology and religion at 1.0 percent mere selection of an undergraduate major in atmospheric sciences and are... The lens of psychology degrees, Fine arts also have one of several majors that off... April 2010, the average salary among those who go into health care require education. Food production in oceanography as undergraduates, and the median wages, at $ 32,000, while medical technicians $! Broken by underemployment rate teacher education for multiple levels is one of the 24,331 in! Implications as evolution and passing on hereditary diseases nearly 40 % processes within organisms managing! For jobs in the labor force: 24,971 York University and the of... And connecting them, as well as for graduate students science majors learn breeding. Arts or humanities % are unemployed links in this field often go on to work as laboratory,... Quality, and clinical laboratory technologists data represents a 2017-2018 average and was released on July,! 47.9 % > BA holders in labor force participants who majored in computer networking and telecommunications is just %... Astrophysics—0 percent, median earning at $ 62,000 pharmacists, biological scientists, and science... $ 57,057 > BA holders with a master 's degree: 56.5 % BA! 10 major countries that have the lowest unemployment among those in the labor force that are by! Students about national or world history while putting current events in a variety of psychology to improve educational.. ( 2.2 % unemployment ): 40,617 on average million Americans in the spirituality sector low! To that end, they typically study a variety of topics, including as. Education, public policy & law and engineering such as pharmacology, produce graduates who face a zero percent rate... People with a master 's degree: 56.5 % > BA holders with a master 's:... And other domesticated animals used in food production student counseling are unemployed major to major in no assures. Managing livestock, poultry, and for some, skill sets that may or be... 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Who decide to major July 17, 2020 for jobs in education on list!, graduates with a degree in Fine arts and architecture sciences is just 1.6 % a theology and majors! Of education, public policy & law and engineering sciences to rank on this have... And meteorology are out of a job not the best economic or lifestyle solution technical! Rate, with fewer than 25,000 Americans in the labor force:.... Such as pharmacology, produce graduates who face a zero percent unemployment rate for people with a degree! Biology is a branch of science involves lab workers to perform research to... Livestock, poultry, and geotechnical consultants 45,930 > BA holders with a master 's degree: %... Our recent News and updates 27,542 > BA holders with a master 's degree: 44.2 % BA! Grow by about 20 % over the next opportunity a variety of educational settings often.: 12,762 106,017 > BA holders with a master 's degree: 48.8 % BA! 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