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Graduates face 17% unemployment rate

Graduates+ accounted for only 13.5 per cent of the total employed in 2019. This is an improvement over the 12.7 per cent share it had in 2016. But, it is still very low

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5 min read Last Updated : Dec 09 2019 | 9:57 PM IST

Education is positively associated with labour market participation. If a person gets education there is a greater chance that such a person will seek employment. And, the probability of a person seeking a job increases as the level of her education increases. This is logical and is generally expected. Education has an apparent end goal -- to get a job. An undergraduate degree makes a big difference.

We see this in the data. Over 62 per cent of the population that has an undergraduate degree or more, is in the labour force seeking a job. This proportion is way above

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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