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Nearly half of US companies intend to eliminate Bachelor's degree requirements for some job positions next year, a new survey has revealed. And 55 percent said they'd already eliminated degree requirements this year, according to an Intelligent.com survey of 800 US employers, carried out in November. It comes after Walmart, IBM, Accenture, Bank of America and Google announced similar plans. The survey found that the same employers that have already eliminated Bachelor's degree requirements were far more likely to continue doing so. https://www.dailymail.co.uk/yourmoney/consumer/article-12806053/companies-ax-college-bachelors-degree-requirements-walmart.html

Today's jobs report was not all good news.While the overall unemployment rate for most categories fell, two categories saw their rates rise: teenagers and those with bachelor's degrees and higher.To be clear, the unemployment rate is a very low 3.8 percent for the latter category.But it is nevertheless a concern as student loan delinquency rates continue to surge.Here's the table from the BLS: BLS

The mainstream media is full of happy economic news these days. The S&P 500 has shot up 16 percent since the beginning of July. Ford Motor Company just reported a profit that jumped nearly 70 percent in the third quarter. It was Ford's best third quarter performance ever and it was the 6th quarterly profit in a row for the company. Other major firms have announced earnings that have far exceeded expectations in recent weeks. Hooray! The pundits are proclaiming that the economic collapse is over and that the U.S. economy has won. It is almost enough to make one...