The unemployment rate for people with a college degree or higher is 5 percent. If that were the rate for everyone, it’d be the 1990s again.
But college graduates are only 30 percent of the country. For the rest of the population, the jobs picture is grimmer. For people without a high-school degree, the unemployment rate is more than 15 percent. If that were the rate for everyone, it’d be the 1930s again.