6M More Students With Bachelor's Than Jobs Available

Expert says one-third of those with bachelor’s degrees are in jobs that don’t require them

There are 6,455,300 more students with bachelor’s degrees today than jobs available for them, including jobs that would be created in the next seven years, according to data from the Bureau of Labor Statistics (BLS) and the National Center for Education Statistics.

According to the education statistics, therewere 35,632,000 Americans holding bachelor’s degrees from the age 25 to 64 in 2014. That number grows to 45,176,000 if you include those who are 20-24 and 65 years and older.

The BLS, which produces employment projections, calculates how many jobs will be added in the next 10 years with a breakdown by education level.

According to the BLS, there were 26,033,000 jobs that required a bachelor’s degree upon entry in 2012. That number is expected to grow to 29,176,700 jobs by 2022.

This means that the number of Americans who hold bachelor’s degrees now, in their working years, exceeds the number of jobs created by 2022 for bachelor’s degrees by 6,458,300.

More