More than 1 million fewer U.S.-born Americans are employed than last year, according to data from the Bureau of Labor Statistics (BLS).
The number of foreign-born workers employed in November increased by about 400,000 from a year earlier, while the number of foreign-born workers employed decreased by 1.094 million, according to BLS data. show. This wide disparity is due in part to a 215,000 drop in the number of U.S.-born Americans employed from October to November.
“Biden’s economic legacy, in addition to the highest inflation in 40 years and record debt, will reduce the U.S. labor market to foreign workers and government bureaucrats,” said E.J. Antoni, Grover fellow at the Heritage Foundation. “The best way to describe it might be to say we have turned into a temporary staffing agency.” M. Herman Center on the Federal Budget spoke to the Daily Caller News Foundation about the widening gap between foreign and native-born jobs. “he [Biden] America is leaving blue-collar America behind and importing new blue voters. ”
The U.S. economy added 227,000 nonfarm payrolls in November, according to BLS data. exceed Economists expected 214,000 people. Meanwhile, the unemployment rate was 4.2%, up from 4.1% in October.
Job gains were largely linked to government spending in October, with the government adding 33,000 jobs and the healthcare industry adding 54,000 jobs. In 2022, government spending accounted for more than 45% of health spending. According to to the Congressional Research Service.
“Government spending has played a large role in much of the economic growth over the past few years,” Peter Earle, senior economist at the National Bureau of Economic Research, told DCNF in July. “The problem with that, of course, is that government spending is redistributive: taxing certain citizens, floating trillions more in debt and sending that money to other citizens. entrepreneurship or other productive commercial ventures.” (Related: It turns out the Biden economy wasn’t all that “healed” after all)
Native-born employment has not returned to pre-pandemic trends and is currently 619,000 below pre-pandemic levels. Conversely, foreign-born employment was on the rise before the pandemic, accounting for all of the net employment growth over the past five years. pic.twitter.com/xja5LmoPih
— Dr. EJ Antoni (@RealEJAntoni) December 6, 2024
Real wages in Q3 2024 remain below The first quarter of 2021, when President Joe Biden took office. Prices rose more than 20% during the same period, and inflation rose from 1.4% at the end of former President Donald Trump’s administration to about 9% in June 2022.
“As with most of the Biden-Harris administration, the job market remains strong,” the White House said in a statement. press release Friday after the release of the November employment statistics.
The Biden-Harris administration did not respond to requests for comment.
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