September Jobs: Amazing Record Month…for Immigrants Displacing Americans
Happy Days Are Here Again!—the old FDR theme song might be appropriate background music for all the happy talk accompanying the latest job report out today (October 3).. The economy created a healthy 248,000 jobs in September; unemployment rate fell to 5.9%—the lowest reading since July 2008; August’s anemic job number was revised upward...
From a distance, the Household Survey confirms the good news reported in the more widely cited survey of business establishments. In fact, at 232,000 the September Household Survey found job creation chugging along at 15-times the anemic rate it reported for August.
But the Devil is in the Politically Incorrect details.
In September:
- Total employment rose by 232,000 or by 0.16%
- Native-born American employment fell by 137,000 or by 0.11%
- Foreign-born employment rose by 369,000, or by 1.50%
Over the past two months foreign-born employment has increased by 1,028,000—up a whopping 4.3%—while the number of native-born American workers has fallen by 780,000, or by 0.6%.
Never during the Obama years have American workers been as whiplashed by immigrants as they were in August and September...
Related article
Labor Participation Rate Drops To 36 Year Low; Record 92.6 Million Americans Not In Labor Force, Zero Hedge, October 3, 2014.