Behind The Jobs Numbers

On Saturday, Zero Hedge posted an honest analysis of the jobs report that recently came out. It may be the only honest analysis out there. All of us know that the Biden economy is a problem for middle America–food inflation is in double digits, gas prices are lower than they have been but still a dollar or so a gallon more than they were under President Trump, and utility bills have increased dramatically in some places. President Biden may tell us that the economy is wonderful, but many of us living in it are not convinced. Just as an example, the total increase in my husband’s and my Social Security this year (after deducting the cost of Medicare) was about $115. I suspect that a lot of retirees didn’t even see that much of an increase. I can assure you that our grocery bill has gone up more than that.

The article at Zero Hedge is complicated and detailed. I suggest that  you follow the link and read it for yourselves. I will try to highlight some of it.

The article reports:

The headline data was stellar across the board, starting with the unemployment rate which once again failed to rise – denying expectations from “Sahm’s Rule” that a recession may have already started – all the way to average hourly earnings, which unexpectedly spiked from 4.1% (pre-revision) to 4.5%, the highest since last September, and a slap in the face to the Fed’s disinflation narrative…

… or it would be if one didn’t think of checking how the average rose: well, it turns out that, since average hourly earnings is a fraction, it did not rise due to a jump in actual wages but – since it is earnings over a period of time – “rose” because the BLS decided to sharply slash the number of estimated hours that everyone was workingfrom 34.3 to just 34.1, which may not sound like a lot until one realizes that the last time the workweek was this low was when the economy was shut down during covid Excluding the covid lockdowns, one would have to go back to 2010 to find a workweek that was this anemic.

The article concludes:

…Said otherwise, not only has all job creation in the past 4 years has been exclusively for foreign-born workers, but there has been zero job-creation for native born workers since July 2018!

This is a huge issue – especially at a time of an illegal alien flood at the border – and is about to become a huge political scandal, because once the inevitable recession finally hits, there will be millions of furious unemployed Americans demanding a more accurate explanation for what happened – i.e., the illegal immigration floodgates that were opened by the Biden admin.

Which is also why the Biden admin will do everything in his power to insure there is no official recession before November… and is why after the election is over, all economic hell will finally break loose. Until then, however, expect the jobs numbers to get more and more ridiculous.

The American Employment Situation Under The Biden Administration

It’s hard enough for the average family to deal with the current level of inflation, but there is another factor working against Americans looking for good jobs.

On Friday, Breitbart posted the following headline: “Biden’s Labor Market: 1.9M Fewer Americans Working, 2M Foreign Workers Funneled into U.S. Jobs.”

That is not good news for American workers.

The article reports:

At the end of 2022, 1.9 million fewer Americans were working than in 2019 before the Chinese coronavirus pandemic while President Joe Biden’s administration has funneled two million additional foreign workers into United States jobs.

A new analysis from the Center for Immigration Studies (CIS) shows that in the fourth quarter of 2022, close to two million fewer native-born Americans were working in jobs compared to the same time in 2019 while two million foreign-born workers have been added to the workforce compared to the same time period.

The thing to keep in mind here is that nothing happens in America without the approval of the uni-party. The uni-party is made up of corporate Republicans looking for cheap labor and Democrats looking for future voters. Bringing in foreign workers who will work for less and who may eventually become citizens satisfies both groups. Does anyone actually believe that if members of Congress wanted to solve the problem of people being imported to take American jobs that it wouldn’t be solved by now? It’s to the uni-party’s advantage to continue with open borders and an immigration policy that benefits those in both parties who want to maintain profits with cheap labor or maintain power with new voters.

The article notesL’

There has been a decades-long decline in the labor force participation rate of the U.S.-born of working-age (16 to 64), from 77.3 percent in 2000 to 73.5 percent in the fourth quarter of 2022. [Emphasis added]

If the labor force participation rate for the working-age U.S.-born in the fourth quarter of 2022 was what it had been in the fourth quarter of 2000, then 6.4 million more people would be in the labor force. [Emphasis added]

We need to close the southern and northern borders, create a sane immigration policy, and protect American jobs. We were on that path with President Trump. I would like to get back on that path.

Looking Behind The Numbers

On Wednesday, Breitbart posted an article about some of the recent employment numbers.

The article reports:

President Joe Biden’s administration is growing the United States labor market by adding millions of foreign workers for employers to hire, leaving jobless Americans on the sidelines.

Data published in the New York Times shows that the Biden administration is aiding employers by adding millions of foreign workers to the labor force — ensuring wages stay stagnant — even as native-born Americans struggle to get back into jobs since the Chinese coronavirus pandemic.

“The foreign-born workforce grew much more quickly than the U.S.-born workforce, Labor Department figures show,” the Times reports:

When the unemployment rate goes down, you would normally expect wage inflation to go up, but that’s not what’s happening,” said Torsten Slok, chief economist at Apollo Global Management. “So there must be something else moving in the labor force, and there is a very likely explanation here that immigrants are coming in and taking jobs.” [Emphasis added]

But despite the resurgence in the foreign-born labor force — about four-fifths of it are people legally allowed to work in the United States, by one calculation — there are bottlenecks. [Emphasis added]

The article includes the following charts:

The article notes:

By focusing on adding foreign workers to the labor market, the Biden administration is ignoring efforts to get native-born Americans back into the workforce. The administration’s foreign competition addition to the labor force adds tremendous weight for the nation’s working and lower-middle class looking to find high-paying jobs with decent benefits packages.

The is the place where the uni-party is revealed. The Democrats want future voters; the country club Republican (the Chamber of Commerce party) want cheap labor for their corporate allies. No one is looking out for the middle class right now. The influx of foreign workers, both legal and illegal, creates downward pressure on wages. Corporations are out to make a profit, and many of those corporations have forgotten their scruples. Meanwhile, the Biden administration is destroying the middle class. Remember, a strong middle class is necessary for the survival and growth of our republic.