Sunday, May 23, 2010
What's The Good News?
"The share of new high-school graduates enrolled in college reached a record high last year, likely reflecting the weak job market they faced. ... Many of those searching for jobs were unsuccessful. The 2009 high-school graduates who didn't go to college faced a 35% unemployment rate. ... The outlook for high-school dropouts was even grimmer. Some 383,000 people dropped out of high school between October 2008 and October 2009, and their jobless rate was 55.1%", Sara Murray at the WSJ, 28 April 2010, link:
Would anyone explain to me why we need unskilled laborers from Mexico in view of these statistics? What's our current unemployment rate again?