Following a line of reasoning similar to that used forage adjustments, past research also has investigatedthe merits of adjusting the aggregate unemploymentrate forrising educational attainment (e.g., Summers 1986). Unemploymentrates vary substantially by educational attainment, withindividuals lacking a high school degree on average experiencingunemployment rates that are three to five times greaterthan the rates experienced by individuals with a collegedegree or more (Figure 4; all ages). In addition, educationalattainment has risen steadily since the mid-1970s: thelabor force share of individuals who attended at leastsome college rose from 33 to 57 percent between 1976and 2004, with a corresponding drop in the share ofindividualspossessing a high school degree or less. They are saying that the higher your education, the less people we willhave unemployed. The most important thing to employers is that you havethe education to do the job you are applying for and that means alsomeeting the requirements of the job. Without the education part thereis little to no hope of you getting the job.

I believe this istrue. I know from the people in my neighborhood who dropped out ofschool or the graduated 8th grade and didn't go further, they have areally hard time getting better jobs. they end up turning to thestreets or low paying jobs, while also using welfare as a way out.