When economic conditions are strong, more high school graduates in North Carolina choose to work instead of enrolling in college, according to recent data. The state’s labor market saw some of its tightest periods in 2021 and 2022, with just over one job seeker for every job opening. This situation led to a significant increase in employment rates among young people and a notable decline in college enrollment.
Information from NC TOWER and the Labor Supply and Demand Analyzer indicates that during these years, employment rates for high school graduates reached 77%, while college enrollment fell to 63% and 64%. These figures represent the lowest college enrollment rates in the past decade, except for an outlier year during the pandemic. In contrast, when the job market was less competitive in 2014—with about three seekers per opening—college enrollment was higher at nearly 69%, while employment was lower at 71%.
The decision between entering the workforce or continuing education during a strong economy is complex. Immediate employment can offer necessary income and experience for some individuals. For others, pursuing a degree may result in greater long-term earnings potential despite short-term financial sacrifices. Economic cycles also play a role; when future downturns occur and jobs become scarcer, those without degrees could face more challenges competing against credentialed workers.
Further information and downloadable datasets are available through NC TOWER.
