Choosing a field of study in college is a personal decision often based on interests and talents. Electrical engineers have a median salary of $99,000 and an unemployment rate of 2.7%. Median Wage Early Career: $30,000 Engineering majors including chemical, mechanical, civil engineering, and general engineering all have the lowest unemployment rates. According to the Bureau of Labour Statistics, total nonfarm payroll enrollment rose by 1.8 million in July 2020 and the unemployment rate fell to 10.2 percent. Biochemical Sciences: 4.22%. College Majors With the Lowest Unemployment. Unemployment Rate: 2.8% Underemployment Rate: 44.6% Teachers (of all levels) – 1.5 percent, median earning at $38,000 The overall median wage for recent college graduates was $40,000. Physics — 4.49% Physics majors typically land jobs at universities or independent research labs. To see which college majors boast the best employment numbers, StudySoup, a college learning community, decided to dig through the data to see which majors have the lowest unemployment rates for recent graduates. ... unemployment percentages vary pretty widely from major to major. Theology and religion majors. Accounting The field of accounting continues to be a lucrative field for graduates. Photo Credit: Sheppard Air Force Base. Which college majors have the lowest/highest unemployment rates? Note: Rates shown are a percentage of the labor force. Isabel von Kessel Data Journalist That's right--certain majors, such as pharmacology, produce graduates who face a zero percent unemployment rate. The analysis noted those with a theology and religion degree was a small percentage. Overall, theology and religion majors earned a post-graduation median wage of around $32,000, while medical technicians made $42,600. The major with the highest unemployment rate was petroleum engineering, with 7.5% — despite graduates with that major having a median income of $87,600. Job stability-wise, it’s hard to argue with a 1.0% unemployment rate and a vocation that has 42% of its workforce with graduate school degrees. 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. College majors with the lowest unemployment rate. College students looking for a reliable income in their working years may want to bypass majors which have unemployment rates above 6.5%.Unfortunately, there are more occupations than you might think that fall into the category of having a high unemployment rate. Students in the Master of Science in Accountancy (MSA) program at Wake Forest University Schools of Business achieved the top pass rate in the nation on the Certified Public Accountant exam once again, according to the 2012 edition of Uniform CPA Examination Candidate Performance. Order Reprints. A new study has listed which college majors have the highest and lowest unemployment rates. Drama Education and language: 4.11% Photo galleries. Samuel Stebbins. While the majority of college majors have unemployment rates of 3% or lower, there are others with jobless numbers closer to 9%. Majors listed are ranked from highest to lowest unemployment rate, with ties broken by underemployment rate. Samantha Güt. 10 Majors With The Lowest Unemployment Rates . The average earnings for all college graduates, according to 24/7 Wall St., is $25,818. 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. Unemployment Rate: 2.8%. (1) Area boundaries do not reflect official OMB definitions. Genetics majors are likely to earn $85,000 a year, and merely 1.2% are unemployed. The unemployment rate is still higher than the national rate, however. Those who go into this field work with students to meet their academic needs. ... educational administration and supervision majors have an unemployment rate of just 0.9% among them. Also, the study basically confirms what we already know; business, engineering, and computer related majors enjoy the highest wages. Students who graduate with a degree in Fine Arts also have one of the lowest median wages, at $32,000. This branch of science involves lab workers to perform research and to work on the development and testing of drugs. Share on Facebook Share on LinkedIn Share on Twitter. Family and consumer sciences. College majors with the lowest unemployment: Teachers well represented, but not well paid English Language - Unemployment rate: 4.0% - Underemployment rate: 37.9% - Median wage early career: $42,000 - Median wage mid-career: $75,000 - Share with graduate degrees: 65.3%. This is the lowest paying job on the list of majors with the lowest unemployment; it is also very rewarding work. 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. Here are the top 10 majors that have the lowest unemployment rates. That's not bad considering last month's joblessness rate for people with a college degree or higher was 4.4 percent. 10. Based on high initial unemployment rates and low initial earnings, the following represent the least valuable college majors for your time and financial investment. Georgetown's recent survey provides insight into the salary and unemployment prospects by college major. Majors With the Highest Unemployment. Family and Consumer Sciences. 15. The major with the lowest unemployment rate was theology and religion at 1.0 percent. 1 of 22 These majors have the lowest unemployment rates. Underemployment Rate: 44.6%. Data refer to place of residence. It’s important to note that this data represents a 2017 … 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. In contrast, the highest unemployment rate was found for graduates who majored in fine arts, with 11.7 % remaining without a job in 2015. The survey shows the spot unemployment rate for each major based on survey responses from more than 25,000 college grads. Using the WSJ tool, I looked at the 100 most popular college majors and discovered which ones have the highest unemployment rates. Other career areas appearing at the top of the low unemployment rate list include: education, public policy & law and engineering. https://finance.yahoo.com/news/best-degrees-jobs-graduates-204259563.html In fact, the top 25 with the lowest unemployment rate have salaries that range from $27,701-$99,363. College Majors with the Highest Unemployment Rates. Here's what we learned: if you major in nursing you will definitely find a job (2.2% unemployment). At a floor-scraping low unemployment rate of 1.0%, the spiritual studies seems like a good bet for college majors – but is that really the case? June 26, 2020 9:37 am. The team at 24/7 Wall Street has attempted to answer that question using data from the US Census Bureau to hone in on the college majors with the lowest unemployment rates in the United States. 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