Although I personally never understood the value of an English degree, I believe that employers do like it. I tried for a job once as a last ditch effort to get out from under my idiotic manager, it was a proofreading position (I might make errors in grammar, but I can catch the errors that others make easily, and spelling errors I can catch with just a glimpse), and I couldn't even interview for it, because their line in the sand was an English degree. Didn't matter that I had a BS that required a research thesis that took a year, didn't matter that I have a doctorate, nope, they wanted that BA in English.
Heck, my sister in law got a degree in French of all things (from Duke!), and that basic education (b/c just like my university, hers gives you a broad education to open your mind, not just train you) enabled her to get an MBA and then a law degree from her undergrad alma mater, and she's now doing brilliantly well (how's that for a phrase, LOL). Without that initial degree she wouldn't be where she is today, though it's not clear how knowing French can help her in her career now!
Also, as another SAHM, I feel we use our education every day. It's extra helpful for me b/c we'll be homeschooling.