Immigrants Take ALL Jobs Created In The Month Trump Beat Clinton - Plus There’s A New Illegal Wave

Employers added 178,000 jobs last month, while the unemployment dropped to 4.6% – dangerously close to the “full employment” level that mainstream economists warn could trigger wage and price inflation. The only fly in this ointment: the November numbers insure a Fed interest rate hike later this month, and further hikes in 2017 to cool off what DC-based economists see as an overheating economy.

The Main Stream Media couldn’t contain its euphoria:

In the book of United States economic history, the November jobs numbers released on Friday would make a fitting end to a particularly long, terrifying chapter that began nine years ago.

The New Jobs Numbers Signal the End of an Economic Era, by Neil Irwin, New York Times, December 2, 2016

The NYT’s Neil Irwin is right—November (hopefully) will mark the end of a long and terrifying era in U.S. economic history. But that era dates from 1965, when the Immigration and Nationality Act Amendments enabled mass immigration from non-traditional source countries. While the initial impact of that change was imperceptible, it gathered steam in the 1980s, and crested in the George W. Bush and Barack Obama years.

The damage done by the 1965 immigration legislation resonates loud and clear in the latest Household Survey employment figures (which count legal and illegal immigrants together).

In November:

• Total employment rose by 160,000, up by 0.11%
• Native-born American employment fell 89,000, down by 0.07%
• Foreign-born employment rose by 249,000, up by 0.96%

Native-born American workers have lost ground to their foreign-born competitors throughout the Obama years, but the trend has accelerated significantly over the past few months. In fact, the displacement of the native-born by immigrants hit an Obama-era high in August. November 2016 ranks third-worst among the 95 months of Obama’s tenure in terms of the displacement of American workers by immigrants...