Interesting data on who lost the most jobs during the recession. Another good reason to get a college degree.
Someone mentioned in a church talk a couple years back that recessions happen every 8 years or so. The linked report confirms that's mostly true. That means we should expect another recession to start in the 2016-2018 timeframe, and another in 2024-2026.
We also know that people who graduate during a recession typically stay at lower salaries than those who graduate during a normal growth period, even many years on into their careers.
That means if your kids are scheduled to graduate during a recession, they should definitely consider an advanced degree, which will improve their earning potential, and keep them from starting into the workforce at a depressed salary.
Hopefully someone will figure out how to break that cycle.