evidence: In September 2019, the U.S. unemployment rate dropped to 3.5%, near the lowest rate in 50 years.[20] On May 8, 2020, the Bureau of Labor Statistics reported that 20.5 million nonfarm jobs were lost and the unemployment rate rose to 14.7 percent in April, due to the Coronavirus pandemic in the United States.[21] [...] Education [edit]- Unemployment rates historically are lower for those groups with higher levels of education. For example, in May 2016 the unemployment rate for workers over 25 years of age was 2.5% for college graduates, 5.1% for those with a high school diploma, and 7.1% for those without a high school diploma. Unemployment rates roughly doubled for all three groups during the 2008–2009 period, before steadily falling back to approximately their pre-crisis levels as of May 2016.[96] The recovery has also favored the more educated in terms of employment and job creation. One study indicated that nearly all the 11.6 million net jobs created between 2010 and January 2016 were filled by those with at least some college education. Only 80,000 net jobs were created for those with a high school education or less.[97] [...] - Level of education: Historically, as educational attainment rises, the unemployment rate falls. For example, the unemployment rate for college graduates was 2.4% in May 2016, versus 7.1% for those without a high school diploma.[96]