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Whadda Bout that Jobs market?
Apr 6, 2024 09:26:26   #
ArtzDarkroom Loc: Near Disneyland-Orange County, California
 
Should Biden/Harris be blamed for this happening?

Reply
Apr 6, 2024 11:11:48   #
Truth Seeker Loc: High Mountains of the Western US
 
ArtzDarkroom wrote:
Should Biden/Harris be blamed for this happening?


Yes, but you won't like the why

https://www.theepochtimes.com/article/the-hidden-reality-behind-high-job-numbers-us-born-workers-see-decline-5621989?ea_src=frontpage&ea_med=premium-carousel-0

Millions of New Illegal Immigrants Mask True State of US Economy

‘That’s a big problem. What we’re interested in is how the economy is working for American citizens,’ says an economist.


Economists are expressing concern over the increasing number of illegal immigrants in the United States, who they believe are obscuring the actual condition of the jobs market and the U.S. economy.

For the last few years, the headline employment figure has been impressive. The country has recovered the lost jobs from the government-imposed shutdowns during the pandemic and added a few million more, despite a climate of high inflation and rising interest rates.

In 2023, the economy added approximately 3 million new positions. To kick off 2024, more than 800,000 new jobs have been added.

The labor market data is critical as it helps determine the Federal Reserve’s interest rate policy.

Federal Reserve chairman Jerome Powell said on March 20 that the central bank is monitoring the labor market “very carefully” and isn’t observing any “cracks.”

“We follow all the possible stories that are out there about there being cracks, but the overall picture, really, is a strong labor market,” he noted. “Things are returning more to their state in 2019.”



However, a closer look at the household survey of the employment report reveals a more gloomy picture. Employment for native-born Americans has been in decline over the past four years. This means that all of the job gains have gone to foreign-born workers, including both legal and illegal immigrants.

According to the Bureau of Labor Statistics (BLS), the number of immigrants—legal and illegal—working in the United States grew by 3.4 million between February 2020, shortly before the onset of COVID-19, and February 2024. The number of U.S.-born workers, however, declined by 78,000 during the same period.

In addition, during the Biden administration, there have been approximately twice as many illegal immigrants as legal immigrants entering the country, according to a study by the Brookings Institution.
“That’s a big problem,” says economist Stephen Moore.

“What we’re interested in is how the economy is working for American citizens. So, we’re distorting the jobs market with all of the illegal immigrants,” he told The Epoch Times.

Mr. Moore, who served as an economic adviser to former President Donald Trump, criticized the Biden administration for turning the U.S. immigration system “upside down.”

He argued that the U.S. economy “desperately needs” more legal immigrants, who possess high skill levels or special talents, rather than illegal immigrants, who tend to be less educated.

According to the Bureau of Labor Statistics (BLS), the number of immigrants—legal and illegal—working in the United States grew by 3.4 million between February 2020, shortly before the onset of COVID-19, and February 2024. The number of US-born workers, however, declined by 78,000 during the same period.

(Top) Construction workers help build a residential building in Miami on Jan. 5, 2024. (Bottom) Workers handle parts for Fiat Chrysler Automobiles as they come off the press at the FCA Sterling Stamping Plant in Sterling Heights, Mich., on Aug. 26, 2016. (Joe Raedle, Bill Pugliano/Getty Images)
‘Very Troubling’

The BLS includes illegal immigrants in the labor statistics, identifying them as “undocumented workers.” However, the agency doesn’t disclose the data publicly and instead groups legal and illegal immigrant job data together.
Many economists have been surprised by the growing employment gap between native- and foreign-born workers since October 2019.

The contrast in the past year is even more striking. According to the BLS, native-born employment fell by 651,000 in March 2024 from the same period last year, while foreign-born employment climbed by nearly 1.3 million.
According to Steven Camarota, director of research for the Center for Immigration Studies (CIS), it is hard to know the exact number of illegal immigrants who have recently entered the country and found employment.

Reply
Apr 6, 2024 11:30:55   #
ArtzDarkroom Loc: Near Disneyland-Orange County, California
 
TS... are you really HIGH... in the Western Mountains?

That would explain much. lol

Reply
 
 
Apr 6, 2024 12:03:28   #
Truth Seeker Loc: High Mountains of the Western US
 
ArtzDarkroom wrote:
TS... are you really HIGH... in the Western Mountains?

That would explain much. lol


You just lost the debate YOU started. Nice tap out...I win AGAIN!

Reply
Apr 6, 2024 12:25:46   #
ArtzDarkroom Loc: Near Disneyland-Orange County, California
 
Truth Seeker wrote:
You just lost the debate YOU started. Nice tap out...I win AGAIN!


In a true exchange of ideas, everyone wins. If you are in it for competition... you'll always be the loser.

Reply
Apr 6, 2024 13:01:26   #
DennyT Loc: Central Missouri woods
 
Truth Seeker wrote:
Yes, but you won't like the why

https://www.theepochtimes.com/article/the-hidden-reality-behind-high-job-numbers-us-born-workers-see-decline-5621989?ea_src=frontpage&ea_med=premium-carousel-0

Millions of New Illegal Immigrants Mask True State of US Economy

‘That’s a big problem. What we’re interested in is how the economy is working for American citizens,’ says an economist.


Economists are expressing concern over the increasing number of illegal immigrants in the United States, who they believe are obscuring the actual condition of the jobs market and the U.S. economy.

For the last few years, the headline employment figure has been impressive. The country has recovered the lost jobs from the government-imposed shutdowns during the pandemic and added a few million more, despite a climate of high inflation and rising interest rates.

In 2023, the economy added approximately 3 million new positions. To kick off 2024, more than 800,000 new jobs have been added.

The labor market data is critical as it helps determine the Federal Reserve’s interest rate policy.

Federal Reserve chairman Jerome Powell said on March 20 that the central bank is monitoring the labor market “very carefully” and isn’t observing any “cracks.”

“We follow all the possible stories that are out there about there being cracks, but the overall picture, really, is a strong labor market,” he noted. “Things are returning more to their state in 2019.”



However, a closer look at the household survey of the employment report reveals a more gloomy picture. Employment for native-born Americans has been in decline over the past four years. This means that all of the job gains have gone to foreign-born workers, including both legal and illegal immigrants.

According to the Bureau of Labor Statistics (BLS), the number of immigrants—legal and illegal—working in the United States grew by 3.4 million between February 2020, shortly before the onset of COVID-19, and February 2024. The number of U.S.-born workers, however, declined by 78,000 during the same period.

In addition, during the Biden administration, there have been approximately twice as many illegal immigrants as legal immigrants entering the country, according to a study by the Brookings Institution.
“That’s a big problem,” says economist Stephen Moore.

“What we’re interested in is how the economy is working for American citizens. So, we’re distorting the jobs market with all of the illegal immigrants,” he told The Epoch Times.

Mr. Moore, who served as an economic adviser to former President Donald Trump, criticized the Biden administration for turning the U.S. immigration system “upside down.”

He argued that the U.S. economy “desperately needs” more legal immigrants, who possess high skill levels or special talents, rather than illegal immigrants, who tend to be less educated.

According to the Bureau of Labor Statistics (BLS), the number of immigrants—legal and illegal—working in the United States grew by 3.4 million between February 2020, shortly before the onset of COVID-19, and February 2024. The number of US-born workers, however, declined by 78,000 during the same period.

(Top) Construction workers help build a residential building in Miami on Jan. 5, 2024. (Bottom) Workers handle parts for Fiat Chrysler Automobiles as they come off the press at the FCA Sterling Stamping Plant in Sterling Heights, Mich., on Aug. 26, 2016. (Joe Raedle, Bill Pugliano/Getty Images)
‘Very Troubling’

The BLS includes illegal immigrants in the labor statistics, identifying them as “undocumented workers.” However, the agency doesn’t disclose the data publicly and instead groups legal and illegal immigrant job data together.
Many economists have been surprised by the growing employment gap between native- and foreign-born workers since October 2019.

The contrast in the past year is even more striking. According to the BLS, native-born employment fell by 651,000 in March 2024 from the same period last year, while foreign-born employment climbed by nearly 1.3 million.
According to Steven Camarota, director of research for the Center for Immigration Studies (CIS), it is hard to know the exact number of illegal immigrants who have recently entered the country and found employment.
Yes, but you won't like the why br br https://www... (show quote)



Your article is full of bull!!

https://www.bls.gov/news.release/pdf/empsit.pdf

An American is an American whether native born or not .
Why the distinction ? . Epoch times is just trying to further divide America and you fall for it.
If you read epoch times you better change your forum name .

Reply
Apr 6, 2024 18:57:12   #
DaveO Loc: Northeast CT
 
DennyT wrote:
Your article is full of bull!!

https://www.bls.gov/news.release/pdf/empsit.pdf

An American is an American whether native born or not .
Why the distinction ? . Epoch times is just trying to further divide America and you fall for it.
If you read epoch times you better change your forum name .


Actually it's Lie-Speaker.

Reply
 
 
Apr 6, 2024 19:19:59   #
Texcaster Loc: Queensland
 
DennyT wrote:
Your article is full of bull!!

https://www.bls.gov/news.release/pdf/empsit.pdf

An American is an American whether native born or not .
Why the distinction ? . Epoch times is just trying to further divide America and you fall for it.
If you read epoch times you better change your forum name .


That's just a part of Trump's poison 'Birther' legacy ... for openers, "brown people will have birth certificate issues".

Reply
Apr 6, 2024 19:23:27   #
DaveO Loc: Northeast CT
 
Texcaster wrote:
That's just a part of Trump's poison 'Birther' legacy ...


Yeah, Lie-Speaker is into that big time! He may be related by injection.

Reply
Apr 6, 2024 20:52:46   #
Effate Loc: El Dorado Hills, Ca.
 
DennyT wrote:
Your article is full of bull!!

https://www.bls.gov/news.release/pdf/empsit.pdf

An American is an American whether native born or not .
Why the distinction ? . Epoch times is just trying to further divide America and you fall for it.
If you read epoch times you better change your forum name .


Epoch Times may need to be fact checked but according to the Bureau of Labor Statistics 71,000 were government jobs, 18,000 residential care workers, 49,000 leisure and hospitality, 18,000 retail and 39,000 construction. Other than the government jobs most of the other position were filled by immigrants (both legal and non-legal). By the way according to their website zero percent of the jobs were in manufacturing. Not B.S.

Reply
Apr 6, 2024 21:33:45   #
Texcaster Loc: Queensland
 
ArtzDarkroom wrote:
Should Biden/Harris be blamed for this happening?


An oldie but a goodie.



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