The March Economic Figures

The March Jobs Report was released today. Breitbart posted the numbers.

The article reports:

The United States created 98,000 jobs in March, and the unemployment rate dipped to 4.5 percent, the Bureau of Labor Statistics reported Friday.

The number to watch is the Labor Force Participation Rate. That number has remained steady. It needs to go up, and I suspect that it will in the coming months.

This is the graph of the Labor Force Participation Rate since 2008:

It is my belief that as President Trump begins to remove the regulatory burdens from American industry, the Labor Force Participation Rate will increase. That will be the evidence that we are finally recovering from the recession that we entered eight years ago. The original recession was not the fault of President Obama, but the actions he took during his administration were not actions that were going to facilitate a strong recovery.

Creating More Unemployment In America

Investor’s Business Daily posted a story today about an executive order issued by President Obama.

The article reports:

This time, the president isn’t seeking to flood the country with tens of thousands of indigent, border-surging migrants in search of bigger benefits packages.

Instead, he plans to award via executive order work permits to 100,000 foreign college grads (including deportable aliens) to compete with U.S. workers for jobs.

Cui bono? Certainly not the U.S. workers he purports to champion.

Obama’s Homeland Security rule, published in the Federal Register on Thursday, amounts to yet another illegal power grab by explicitly treading on Congress‘ constitutional prerogative to set immigration quotas.

It also comes at a time when 94 million U.S. workers have been unemployed so long they’re no longer counted in labor-participation statistics. Some New Year’s Day present for millions of discouraged Americans.

The move is especially nefarious not just because it stands as another example of executive overreach but also because foreign workers already have U.S. workers at a disadvantage.

For one thing, they’re able to work cheaper. Unlike Americans, most have had free tuition rides from their sponsoring countries and carry no student loan debt. This enables them to tolerate lower wages than American grads saddled with high loan costs that can’t be shirked even in bankruptcy court.

The foreign workers are also exempt from Obamacare rules that add to the employer cost of hiring workers. While liberal politicians complain about sending jobs oversees, they seem to have no problem bringing foreign workers here to take American jobs. It is time Congress put an end to these endless executive orders. It is time for Congress to develop a spine.