Unemployment Drops 0.4 Percent in November, Giving College Degree Holders an Advantage in a Struggling Job Market

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The U.S. Department of Labor, Bureau of Labor Statistics released data on December 2 showing that the U.S. unemployment rate fell by 0.4 percent in the month of November. As the economy continues to improve, employers will be looking to hire additional workers. My Colleges and Careers provides resources for prospective employees to help them connect with online schools and improve their chances of employment.

My Colleges and Careers provides resources for prospective employees to help improve their chances for employment.

My Colleges and Careers provides resources for prospective employees to help improve their chances for employment.

The U.S. unemployment rate fell by 0.4 percent in the month of November.

The U.S. Department of Labor, Bureau of Labor Statistics(BLS) released data on December 2, 2011 showing that the U.S. unemployment rate fell by 0.4 percent in the month of November. This is excellent news for the economy. The unemployment rate is now at 8.6 percent, compared to 9 percent in October. This low rate has not been seen in the U.S. for nearly three years, since March 2009. As the economy continues to improve, employers will be looking to hire additional workers who have considerable qualifications and skills. My Colleges and Careers provides resources for prospective employees to help them connect with online schools and improve their chances of employment.

The BLS report showed that most job creation came from private businesses, while the government continues to siphon off jobs. The government cut 20,000 jobs in November, while private companies added 140,000 jobs. The retail industry was responsible for 50,000 jobs and hospitality for another 22,000. As the holiday season stimulates economic growth, more people will be able to find employment. Many seasonal jobs are likely to turn into permanent ones after the holidays are over. My Colleges and Careers offers support to those wanting to find careers in these fields by helping them prepare and qualify for employment through proper education. Online courses are a convenient way to increase employment qualifications for someone with time commitments outside of their schooling, such as work and family.

Even with this reduction in unemployment, there are still 13.3 million people who are unemployed, with 43 percent of those having been unemployed for more than six moths. Better-qualified applicants are more likely to find jobs faster. My Colleges and Careers has designed website tools to be of use to those who are striving to complete a college degree and prepare to find gainful employment. The main tool on the My Colleges and Careers site is the degree-finding tool. After selecting an area of interest and type of degree desired, students will be provided with information about top online schools that match their preferences. College degree-holders are much more likely to find employment than those with only a high school degree. According to the BLS, unemployment for those with a bachelor's degree was 4.4 percent in November 2011, but was 8.8 percent for high school graduates and 13.2 percent for no high school diploma.

Additional website features on MyCollegesandCareers.com can assist both education and career seekers. These features include news updates on education- and career-related topics, lists of available online schools and top online college courses, and detailed infographics. Finally, the Education Blog on the My Colleges and Careers website hosts articles written by industry professionals about topics such as online degrees and career advice. Earning a degree, whether it is an online degree or from a traditional school, can significantly increase students' chances for gainful employment.

About My Colleges and Careers

My Colleges and Careers is dedicated to helping students and prospective students earn their college degrees through online degree programs. Considering that most students have other responsibilities and commitments, My Colleges and Careers can become a great resource for those seeking a way to fit school into an already busy schedule. Through online programs, students can complete their schooling at their own pace. The tools and services offered on the My Colleges and Careers website have already assisted many students in completing their education and starting a successful career.

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Brandon Buttars
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