That’s how much higher the July unemployment rate was for people with less than a high school diploma than for people who have at least a bachelor’s degree.
The jobless rate was 11 percent last month for those lacking a high school diploma, compared with 3.8 percent for the best-educated Americans, according to the Bureau of Labor Statistics.
The unemployment rate for those with the least formal education has been above 10 percent for 58 consecutive months dating to October 2008, when the economy was in a deep recession. Among this subset of workers, the unemployment rate rose to as high as 15.7 percent during the 58-month period.
High school graduates without a college education had a 7.6 percent unemployment rate in July, while those with some college education or an associate’s degree had a 6 percent jobless rate. The jobless rate was 7.4 percent last month for all workers.
The “cornerstones of middle-class life” include “a good education,” President Barack Obama said in a weekly address broadcast Aug. 17. Obama on Aug. 9 signed legislation that links student-loan interest rates to financial markets.