this is unwise because immigrants, both skilled and unskilled, in this case, that 8 million to 11 million, provide the innovative engine in the economy in these relatively dark times. i'll address the issue of unemployment. but in these difficult economic times, they provide a certain component to the economy which allows us to innovate and grow at a rate that we otherwise would not. in short, immigrants of all types unaverage are net contributors to the economy, help the actual pie grow bigger, provide more of a pie to split among us all and in turn try to goose innovation in a couple of unanticipated ways. so first, kind of three big points. immigrants are a net contributor to the economy. it is easy to be distracted by the fiscal analysis which is about tax revenues and expenditures. entire categories of people at a certain phase in their life and a certain period in their economy are net users of tax resources. as it happens since we're running a big federal deficit right now, we're all net users of resources. if you add us you will up together, we're not producing enough revenue to c

out if you look at the successful record of immigrants to the united states, whether skilled or unskilled, documented or undocumented, across the last 200 years and particularly in the last 25 years and with the great renaissance of data that we now have at our disposal to analyze more clearly the impact of all types of immigration from 1990 forward, we realize that immigrants, again, skilled and unskilled, lawful and undocumented, bring to the effort of community building and business building and economy building something that is moderately intangible for now. if we work at it for a few more years it will be tangible and we will be able to quantify part of it. it's something that represents itself in generational achievement both for those immigrants who arrive, who form small businesses at a rate which is disproportionately higher than native-born citizens, for their children that in turn achieve at a level that is higher on average than the children of native-born citizens, not to disparage those who come from the united states or come from long lines of families that come from the u

the q many of the job there is the saudi private sector are occupied by foreign labor, skilled and unskilled. at the same time, there's a vt saudi arabia. and so the questioner asks -- do young saudis object to working in jobs that young americans or others might take? how real is the problem of youth unemployment? i assume this is as it's perceived, as a political and economic problem in saudi arabia. so i'm sure it would be great to have your reflections on it and i think there's variations on this theme that probably play out in all the countries that these ambassador represent. >> i think the youth unemployment problem today is overstated. the challenge in a generation understated. the and certainly, within the center of the country, there is this tendency to not migrate to jobs that may have someone else do. not as true in the eastern province or in the -- they are begging me to get american companies to get their factories there. they want to work. the refinery in uando, exxonmobil facility, 92% of the workforce is saudi. blue core lar and white c to sa. the challenge in saudi arabia i

question is many of the jobs in the saudi private sector are occupied by foreign labor, skilled and unskilled. at the same time it's very high youth unemployment rate inside saudi arabia, and so the question is do young saudis object working in jobs that others might take? how real is the problem of youth unemployment? i assume this is an economic problem in saudi arabia. i'm sure it would be great to have heavier reflections on it and there are variations on this theme that probably play out all over the country that these investors represent. >> i think the youth unemployment problem today is overstated. the challenge in a generation understated and certainly within the center of the country there is this tendency to not migrate to jobs that they'll have someone else do. not true in the eastern party or in the jobs. they're begging me to get american companies to set up factories. they want to work. the refinery in the exxon mobil facility, 92% of the workforce is saudi and it's blue collar, white collar so it's hard to say that the challenge in saudi arabia is a bloated public sector and s

mean, we know nationally there's actually a shortage of engineers and oil workers and skilled and unskilled labor. petroleum engineers graduating from school can earn upwards of $90,000. what is oklahoma's secret? we're developing our own resources. oklahoma has over 83,000 producing wells and 43,000 producing natural gas wells. oklahoma city university found in 2009 that oklahoma oil and gas industry supports 30,000 -- 300,000 jobs. contributes to the state's economy every year. the unemployment rate is cons t consistently much lower than the national average. their biggest problem up there is finding workers. and it happens. herald ham who has been a witness twice before this committee from enid, oklahoma is up there right now in those shale deposits. there is no unemployment in that area. and so this is significant. now i really think with the president's campaign going, he wants to take credit today for part of the keystone pipeline that will be constructed from cushing, oklahoma, to port arthur, texas. i'd like to remind everyone -- i don't have to remind everyone. everyone knows it wa

because, the income and equality between say a college educated worker and unskilled worker, that premium has been growing over time, and significant, but it cant no explain the top 1%, and it cannot explain the top 0.1% which is really the pull away part of the income distribution in the united states. that is a phenomena which is unique no the united states. so i think that we just need to accept that. there are and also i would say that the evidence is not that it is movie stars and sports heroes, athletes, but if you look at the numbers, it is primarily as lawyer, doctors and primarily chief executive officers and people in the financial services industry. that is what it is. so we could, you need to identify and then sort of decide what if anything are the facers to -- are the factors behind it. one other fact that i would put out there or a reference, because i think it is a very good piece of work is a book called winner take all politics by paul pearson and jacob hacker. >> yes, one of our guys. >> and basically, this lays out pretty clearly the argument for why the u.s. ends up h

i grew up in western new york and that was a bddi part of our lives that heintered promote unskilled workers into professional ranks and people were sending their kids to college. rkehat is going on our economically, i am more concerned as my kids head to college, what happens with the diversity -- what is the way forward? >> it is an excellent point. i wrote an article about this recently and looking at the fact that this generation--the fight was for integration and there had been a lot of a entrepreneurship because it was necessary under jim crow. one of the things that is interesting to me is as a group, the new businesses started in the united states 25% were started by hispanics and entrepreneurs. as a but aoup african-americans have lagged. one reason is becf wse of integration there are some cultural issues of starting a businesses, access to capital. with the unemployment rate a lot of hddihly accomplished africabouamerican college graduates went into the public sector and the public sector is shrinking even as the private sector he waes. those are posted and transparent. no

we saw in libya where you have an untrained, unskilled opposition in terms of using weapons, when youdisjointed. it's uncoordinated. they take two steps forward, one step back. and syria, albeit many of the males have been through several years of military conscription, military service, but that does not make an army. they don't have skills in heavy weapons. they don't have bases that they could operate from. they don't have territory that they can call their own. so the idea that they could get weapons and use them is just -- it's one that's not gaining any momentum. so the best it seems they can hope for right now is some minimal help in supplies. but the reality is, they need massive injections of cash, communications equipment. they want weapons. even medical supplies. they desperately need medical supplies, ways to get those h d medical supplies in, motorbikes. those are the kinds of things they need. and these aren't being talked about at the moment, wolf. >> nic, thanks very much, nic robertson reporting for us, thank you. >>> meanwhile, new evidence that iran might be conduct

so if you are an unskilled worker out there looking for employment, regardless of whether or not you are male or female, you're the person that's really struggling right now to find a job. >> suarez: diane swonk, quickly-- quickly before we g you heard lisa lynch talk about headwinds. what will you be looking for in the coming months to see whether these job growths have legs, whether they can sustain for the rest of 2012. >> well, the first one is there was a bit of a help from the weather. and so the weather did help some of those leisure jobs. we were golfing, i wasn't but i knew people who were golfing in chicago in january and that just doesn't usually happen. and so that did help some of the leisure jobs that we saw there. but more importantly, you really want to look for oil prices. oil prices are the biggest nearterm risk. you want to watch that labor force participation, is the hope going to stay, are people throwing their hat back in the ring. that's really criticalment and most importantly, i think lisa already mentioned t the european, european feeding back through china.

in western new york, and that was a big part of our lives there, and it helped, you know, promote unskilled workers into the professional ranks, and people were sending their kids to college. but given what's going on right now economically, i guess i'm more concerned as my kids head to college and some are saying what happens with the diversity objectives and what's the way forward, i guess. >> well, it's interesting, and i think it's an excellent point because i actually wrote an article about this recently, and it was looking at the fact that this generation, you know, your generation that the fight was for integration. and, in fact, there had been a lot of entrepreneurship in the black community in part because it was necessary, you know, under jim crow. you had the black dentist, the black hair dresser, you were served, black businesses serving black consumers. and i think one of the things that's interesting to me right now is that, um, as a group -- of the new businesses that have been started in the united states, 25% of them have been started by hispanics, latino entrepreneurs. as

world, you know, i grew up in western new york and i was a bit part of our lives better and promote unskilled workers into the professional ranks and people setting their kids to college. you know what's going on right now economically. i guess i'm more concerned as my kids had to college and are still on their way about what happened with some of object is? what is the way forward i guess quite >> what's interesting in it's an excellent point because i actually wrote an article about this recently and i was looking at the fact that this generation , you know, that the fight is for integration. and in fact there've been a lot of entrepreneurship in the black community in part because it was necessary. under jim crow you had the black hairdresser, the black dentist, you were black businesses black consumers. as a group, of the new businesses started in the united states, 25% started by hispanics , latino, entrepreneurs. as a group, african-americans have lagged in one reason is because of integration there are some cultural issues and starting businesses, access to capital and a lot those unem

we know nationally, there's actually shortage of engineers and oil workers, skilled and unskilled labor, carol, petroleum engineers graduating from school can earn upward of $90,000 a year. it is actually the single most lucrative profession in the united states right now. so, this is an oil town. we have been talking to oil producers, well drillers around here. things are going very, very well for them. they are a little worried. oil producers, including saudi arabia, for that matter, are worried when the price of oil pushes up too high, once get past $100 a barrel it pulls demand down, as you know, and they don't want that to happen. >> ali velshi from cushing, oklahoma, thanks very much. >>> minutes from now, president obamaed by the a high-stakes debate with israeli prime minister, benjamin netanyahu. how to deal with the nuclear program is ahead. wolf blitzer will join us to set the stage. ♪ he was a 21st century global nomad ♪ ♪ home was an airport lounge and an ipad ♪ ♪ made sure his credit score did not go bad ♪ ♪ with a free-credit-score-dot-com ♪ ♪ app that he had ♪ downloaded

may, we know nationally there's actually a shortage of engineers and oil workers and skilled and unskilledum engineers, patrolling edginess graduating from school can earn upwards of $90,000. what's obama's secret? we are developing our own resources to oklahoma has over 83,000 producing wells and 43,000 producing natural gas wells. oklahoma city university found in 2000 i've oklahoma oil and gas industry supports 30,000, 300,000 jobs and consumers $51 billion to the states economy every year. that's exactly why oklahoma's unappointed rates is consistently much lower than the national average. we are seeing that in other areas by the way. i would say in north dakota. their biggest problem up there is finding workers. harold hampton was been witnessed twice for this committee, from enid oklahoma isn't the right now in the shale deposits, just cranking out stuff that. but there is no unemployed in the area. so this is significant. now, i would think that with the president's campaign going, he wants to take credit today for part of the keystone pipeline that will be constructed from pushing

is that many of the jobs in the saudi private sector are occupied by foreign labor, skilled and unskilledat the same time, there's very high youth unemployment rate in saudi arabia. and so the questioner asks, do young saudis object to working in jobs young americans or others might take? how real is the problem of youth unemployment? i assume this is perceived as both a political and economic problem in saudi arabia. so i'm sure it would be great to have your reflections on it, and i think there are variations on this theme that probably play out in all of the countries that these ambassadors represent. >> yeah. i think the youth unemployment problem today is overstated. the challenge in a generation understated. and certainly within the center of the country there is this tendency to not migrate to jobs that they can have someone else do. not as true in the eastern province or in the hajaz. go to hasa, and they're begging me to get american companies to set up factories, they want to work. the refinery, exxonmobil facility, 92% of the work force is saudi; blue collar, white collar. so i

of the question is that many of the jobs in the saudis private sector are occupied by skilled and unskilled. at the same time, there's high youth unemployment rate in saudi arabia, and so the questioner asks, do young is saudis object to working in jobs that young americans or others might take? how real is the problem of youth unemployment? i assume this is as it's perceived as both political and economic problem, and so i'm sure it's great for your reflections on it and vairkses that play out in what these companies represent. >> i think the youth unemployment problem today is overstated. the challenge in a generation understated. the -- certainly within the center of the country and there is this tendency to not migrate to jobs that they have someone else do. not as true in the eastern province or hassa where they beg me to get american companies there to set up factories. they want to work. the refinere, exxon mobile facility, that's blue collar, white collar saudis, and it's hard to say. the college represents 90% of the public sector and 10% of the private sector. the reality is the g

because the income inequality between, say, a college educated worker and an unskilled worker, that premium has been growing over time and it is significant, but he really can't explain the top 1%. and it really can't explain the top 0.1% which is really the pulled away part of the income distribution in the united states. that is a phenomena which is pretty much unique to the united states. but i think we just need to accept that, and there are, and i would also say that the evidence is not that it is moving sports heroes. if you look at the numbers, it's primarily as lawyers, doctors, and primarily chief executive officers and people in the financial services industry. that's who it is. so we could, need to identify and then sort of decide what, if anything, are the factors behind. i just sort of put those facts out there. one of the fact i will put up ago are actually a reference because i think it's a very good piece of work, is a book called winner take all politics by paul pearson and jacob hacker. >> one of our guys. >> basically, this lays out pretty clearly the argument for why the

we know nationally there is actually a shortage of engineers and oil workers and skilled and unskilled laborers in foot petroleum engineers were originated from school and upwards of $90,000 with oklahoma secret is we are developing our own resources. oklahoma has over 83,000 producing wells and 43,000 producing natural gas wells. oklahoma city university found that in 2009 oklahoma oil and gas industry supports 30,300 jobs and contributes $51 billion to the state's economy every year. that is exactly why oklahoma as unemployment rate is consistently much lower than the national average. and we are seeing that another aerias by the way. i would say in north dakota their biggest problem is finding workers and happened to harold ham who has been a witness twice before this committee to an oklahoma is up there right now in the deposits really cranking that stuff out. but there is no unemployment in that area. and so, this is -- i really think with the president's campaign growing he must take credit to defer part of the keystone pipeline that will be constructed from cushing oklahoma to p