Entrepreneur Says College Degree Is Hedge Against Unemployment

By Purnell T. Cropper | June 12, 2012

“The dismal jobs report is in for May and the numbers are not great. There are some bright spots however; digging down into the numbers that the government released, the unemployment rate for college graduates fell slightly in May, to 3.9 percent from 4 percent a month earlier,” according to Rob Basso, host of Basso on Business, a monthly program that features innovative entrepreneurs. He will give a plenary keynote at the Global Business and Technology Association conference in New York in July. GBATA was formed in 1998 by Dr. NJ Delener, Founding Dean of the School of Global Business at Arcadia University.

“Throughout the recession, the unemployment rate for those with a college degree was well below the national unemployment rate, and as the US economy has slowly added jobs, the gap between educational levels has become especially severe,” he adds.

During his career, Basso founded Advantage Payroll Services and is a founding investor in Empire National Bank, a community bank based on Long Island, N.Y., that opened in early 2008. He also is working on a business television series pilot and writing a book about how to grow and operate a successful small business.