Chronicle of Higher Ed).
But some college majors fare better than others. Students graduating as architects have a 13.9 percent rate of unemployment, while the arts and humanities find 11.1 percent unemployed, and liberal arts are at 9.4 percent. While architects may be an anomoly because of the horrific state of the housing market, industry oriented degrees on the whole are hired at a better rate than teachers and social workers.
Is college worth it?
Another study, "What's It Worth? The Economic Value of College Majors," shows that a college degree is a good investment. "Over their careers, full-time, full-year workers whose highest degree is a bachelor's make 74 percent more, on average, than those whose highest attainment is a high-school diploma." Of course, there is always an exception. "Counseling psychology was the only major for which bachelor's-degree recipients had lower median earnings than high-school graduates."
When looking at earnings over the course of one's lifetime "The typical worker with less than a high-school diploma earns $973,000 over a career, in 2009 dollars, while a worker with a professional degree (mainly in law or medicine) earns $3.6-million" (Chronicle of Higher Ed).