Unemployment level of college grads surpasses that of high-school dropouts

I think, in fact, that it is knowledge workers who have been most effected by the current downturn in hiring. College Grads, who would become flegling knowledge workers, are competeing for jobs that could easily be outsourced. Service workers, including the recent high school grads, occupy an entirely different segment of the workforce and therefore could be hired easily at lower wages. Recent college grads need to find nitches in the knowledge economy that can not be easily outsourced and that may require more education. These grads should be playing for the higher level of intellectual value added.

Scott links to this study: Unemployment level of college grads surpasses that of high-school dropouts...and notes: "The first graph is sheer number of unemployed, and shows that in the U.S. there are now more of them with college degrees than are high school drop outs. This in itself is not that shocking - as the report says, "There are, however, far more college graduates than high-school dropouts in our current labour force." The graph shown in figure two should be more alarming, though its trends be not so steep - it depicts unemployed as a percentage of those two populations, and actually shows a decrease in unemployment for high school drop outs, but a steady increase for college graduates."
What, if anything, do these statistics tell us about the needs of learners today?

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