Real Unemployment Rate Is at Least 18 Percent

Real Unemployment Rate Is at Least 18 Percent - Peter Morici - Townhall Finance Conservative Columnists and Financial Commentary - Page full:
"A recent study by the Center for Immigration Studies indicates that virtually all the new jobs created since 2000 went to immigrants, whereas none were created for native-born Americans.
Adding in discouraged adults who say they would begin looking for work if conditions were better, those working part-time but say they want full time work, and the effects of immigration, the unemployment rate becomes about 15 percent—and that is a lower bound estimate.
Many young people are being duped both by unscrupulous for profit, post-secondary institutions—as well as accredited colleges and universities with low admission standards—to enroll in useless programs.
They would likely be in the labor force now but for easy access to federally sponsored loans and will end up heavily in debt.
Adding in these students, the real unemployment rate among U.S. citizens and permanent residents is at least 18 percent."