American Worker Displacement Soars; New Immigration Surge Underway?

From a distance it all looks good: 255,000 jobs added to payrolls in July, a bigger-than-expected gain that suggests the country’s growth rate may be more robust than thought just two months ago; unemployment remains at 4.9%; and the labor force participation rate, while still near all- time lows, bumps up to 62.8% from 62.7% in June.

Establishment economists couldn’t contain themselves...

... new entrants are surging into the U.S. labor market. But as you can see in the table at the bottom of this article, most the this “surge” is from overseas. (The foreign-born immigrant labor force grew 5-times faster than the native-born American labor force over the past 12 months)...

... the slowdown in hiring evident earlier this year does seem to have reversed—but immigrants, not native-born Americans, are the overwhelming benefactors. (Over the past two months immigrants have gained 647,000 jobs—a 2.6% gain—while American workers have lost have lost 160,000, a 0.1% loss.

While July saw a robust 420,000 gain in Household Survey employment, the foreign-born component surged more than twice as fast as the native-born.

In July

    Total Household Survey employment rose by 420,000, up by 0.3%
    Native-born employment rose by 292,000, up by 0.2%
    Foreign-born employment rose by 128,000, up by 0.5%

While Native-born American workers have lost ground to their foreign-born immigrant competitors throughout the Obama years, the trend has accelerated significantly over the past few months...

Related article

Why The Jobs Report Is Not Nearly As Strong As You Are Being Told, by Michael Snyder, D.C. Clothesline August 8, 2016

Happy days are here again? On Friday, the mainstream media was buzzing with the news that the U.S. economy had added 255,000 jobs during the month of July. But as you will see below, the U.S. economy did not add 255,000 jobs during the month of July. In fact, without an extremely generous “seasonal adjustment”, the number of jobs added during the month of July would not have even kept up with population growth. But the pretend number sounds so much better than the real number, and so the pretend number is what is being promoted for public consumption.

Why doesn’t the government ever just tell us the plain facts? Unfortunately, we live at a time when “spin” is everything, and just about everyone in the mainstream media seemed quite pleased with the “good jobs report” on Friday. However, as Zero Hedge has pointed out, the truth is that the “unadjusted” numbers tell a very different story…