Final answer:
Unemployment rates are typically higher among less-educated workers compared to their more educated counterparts, with the rates decreasing significantly as the level of education increases.
Step-by-step explanation:
On average, unemployment rates among less-educated workers are higher than workers with more education. Historical unemployment statistics illustrate a consistent trend where the less education an individual has, the more likely they are to experience unemployment.
For instance, in January 2017, the unemployment rate for those with a college degree was significantly lower at 2.5% compared to 7.7% for those without a high school diploma. This pattern is not only due to the better labor market connections and higher demand for educated workers but also because lower-skilled workers may find the available job opportunities less attractive and thus may be less motivated to seek employment.