Generally, undergraduates who choose a major that steers them into a career in education are far less likely to be unemployed once in the labor force than most American workers. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially able) not to work, … Of the 1.4 million people in the workforce who majored in elementary education, only 1.5% are unemployed. salary: $64,863 > BA holders with a master's degree: 33.0% > BA holders in labor force: 19,049. > Unemployment rate: 1.4% > Avg. School student counselors work with high school and middle school students to assist with their academic, social, and emotional development, and in the decision making process as to what to do after graduation. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. According to Five Rules for the College and Career Game,a recent report released by the Georgetown University Center on Education and the Workforce, students who earn a graduate degree have median earnings twice as high as those who … Photo Credit: Alamy Stock Photo. While most court reporters work in courtrooms and alongside legislatures, others work remotely, typing closed captioning transcripts for broadcast stations to use.   The natural rate of unemployment is between 3.5% and 4.5%. > Unemployment rate: 1.2% > Avg. It is important to note that since 2018, the U.S. job market has changed markedly, largely as a result of the COVID-19 pandemic. Other career areas appearing at the top of the low unemployment rate list include: education, public policy & law and engineering. salary: $27,542 > BA holders with a master's degree: 44.0% > BA holders in labor force: 1,364,551. With an unemployment rate of 1.7% and an under employment rate of 22.2%, general education is also generally a safe bet, career stability-wise, for education majors. Students who graduate with a degree in Fine Arts also have one of the lowest median wages, at $32,000. It is important to note, however, that a relatively limited number of schools offer a major in actuarial science. The U.S. unemployment rate was 3.7% as of July 2019, according to the U.S. Bureau of Labor Statistics, and the unemployment rate for Bachelor’s degree recipients was 2.2%. Overall, theology and religion majors earned a post-graduation median wage of around $32,000, while medical technicians made $42,600. Industries With the Lowest Unemployment Rates In the September 2020 BLS report, the unemployment rates ranged from 4.3% for professional and … The higher job security among college graduates who chose the majors on this list does not necessarily mean these jobs will also come with high salaries. Majors with the lowest unemployment rates. Those who choose this major have not only some of the most stable career prospects with an unemployment rate of just 0.7%, but also one of the most potentially lucrative careers. While workers from six majors on this list have average annual incomes in the six-figure range, many other majors on the list have salaries lower than the average annual salary of $61,519 among working college graduates. salary: $106,017 > BA holders with a master's degree: 48.6% > BA holders in labor force: 101,712. For example, career paths like engineering or education have lower unemployment rates than majors within the liberal arts. While earning a college degree is a proven way to reduce the likelihood of unemployment, not all undergraduate fields of study feed into careers with equally solid job security. For those who know going into college that they would like a career as a student counselor, school student counseling is a natural choice for a major. Overall, theology and religion majors earned a post-graduation median wage of around $32,000, while medical technicians made $42,600. salary: $45,828 > BA holders with a master's degree: 6.2% > BA holders in labor force: 6,396. That's right--certain majors, such as pharmacology, produce graduates who face a zero percent unemployment rate. With regards to earning potential, more education is generally better. In a 2012 story, the Financial Post reported, "Nearly 75 million youth are unemployed around the world, an increase of more than 4 million since 2007. Genetics majors study how DNA is passed down through generations and such wide ranging implications as evolution and passing on hereditary diseases. College majors that are hampered by high unemployment rates include a variety of psychology degrees, fine arts and architecture. Actuaries are typically employed by insurance companies or other large firms with pension plans. Social studies and history teachers instruct students about national or world history while putting current events in a broader context. Overall, theology and religion majors earned a post-graduation median wage of around $32,000, while medical technicians made $42,600. Those who decide to major in this field typically have a demonstrated interest in biology, chemistry, and environmental science. Unemployment soared from a multi-decade low to a high not seen since the Great Depression in just a matter of months, affecting Americans of all education levels. Unemployment rate: 6.4% Underemployment rate: 49.8% Number of recent graduates: 191,013. Like the other education-related majors, it is one of the lowest paying fields on this list, with an average salary less than half the average salary among all college graduates. Among the majors on this list, the unemployment rate at that time ranged from 1.6% down to effectively zero. According to the Bureau of Labor Statistics, demand for school counselors is projected to grow by 8% between 2018 and 2028 -- faster than most other occupations. After receiving a bachelor's degree -- which does not necessarily need to be in actuarial science -- actuaries need to pass a series of exams to become accredited. Many are working as teachers, psychologists, or managers in school settings, and they are among the least likely labor force participants to be unemployed. Within the 25 college majors, everyone of the majors in the top-five average income group have a math education prerequisite. Not only do applied math majors who enter the labor force have high-job security -- the major has a 1.5% unemployment rate -- they also have high salaries. Oceanography majors study the ocean's chemical and physical properties and how the waters move and interact with the rest of the environment -- namely the atmosphere and land. While earning a college degree is a proven way to reduce the likelihood of unemployment, not all undergraduate fields of study feed into careers with equally solid job security. 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. Just because an undergraduate major has a low unemployment rate does not necessarily imply a corresponding high salary level. College students, take note: There are at least six fields of study whose graduates are virtually 100 percent employed right now. salary: $42,825 > BA holders with a master's degree: 72.1% > BA holders in labor force: 24,971. Whether it is for a child, nephew, niece, or grandkid, people are genuinely concerned about the economic future of others. Key to keeping most options available is an education in the STEM courses: Science, Technology-Engineering and Mathematics. Education majors had the lowest unemployment among those in the younger cohort with advanced degrees (1.2%). However, in most of the country, student counselors are required to have a master's degree, and not surprisingly, about nine in every 10 Americans who majored in student counseling as undergraduates continue to complete a graduate degree. It’s important to note that this data represents a 2017-2018 average and was released on July 17, 2020. College students who major in atmospheric sciences and meteorology study the atmosphere, typically in the context of weather and how to forecast it. In fact, unemployment percentages vary pretty widely from major to major. The careers available to those who major in plant science and agronomy -- which include conservation scientists, crop farmers, and ranchers -- are relatively secure. Majors With the Highest Unemployment. According to the Bureau of Labour Statistics, total nonfarm payroll enrollment rose by 1.8 million in July 2020 and the unemployment rate … As its name suggests, applied mathematics is the study of using math to solve real world problems as well as anticipating problems that have yet to arise. In 2013, nursing majors had the lowest unemployment rate in the US. School Student Counselor majors had a miniscule 1.0 percent unemployment rate and earned an average $33,660 even though nine-in-10 (89.5 percent) had a Master’s degree. Just 1.4% of the 24,331 Americns in the labor force with a degree in atmospheric sciences and meteorology are out of a job. With a 0.7% unemployment rate among the 112,886 labor force participants who majored in the field, agriculture production and management offers an educational base for a stable career. 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