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Doctorates always offer an advantage over lower degrees. Most 2-year colleges don't have doctors as professors. Doctorates are especially favored for scholarly research.

There is tight competition for tenure-track positions at 4-year colleges and universities. Part-time, renewable, term positions at community colleges should be increasing.

Usually the Doctorate Degree unemployment rate is about 1% lower than the Master's Degree unemployment rate. Expect higher earnings for doctorates and better chances for tenure.

Overall Doctorates in the United States have been decreasing.

In 2007, 28% of the United States adult population has at least a bachelor's degree. Only 24% of adults did in 2000, and only 11% had one in 1970.
 
 
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