Sunday, February 25, 2024

Bidenomics is Great. If You’re an Illegal Alien: Open Borders is the Core of Biden’s Fake Economic Growth; The Employment Situation of Immigrants and the U.S.-Born in the Fourth Quarter of 2023: Compared to 2019, All Employment Growth has Gone to the Foreign-Born

Bidenomics is Great. If You’re an Illegal Alien:
Open borders is the core of Biden’s fake economic growth.
Earlier this month, I broke down the jobs report that was hyped as evidence that Bidenomics was working and found that at least 1 in 5 jobs being created were actually government jobs.
Worse still, 1 in 10 jobs added in January came from “employment in social assistance”. What was driving this sudden boom in welfare jobs? The real boom was happening on the border. Cities are being flooded with masses of migrants who need social workers to care for them.
New York City is cutting school lunches for kids while Denver is slashing funding for parks to be able to care for migrants. Some of the job growth in Bidenomics consists of the country, and states and cities going deeper into debt to provide more benefits for the illegal alien invaders.
But the “job growth” in Bidenomics still posed a puzzle that confused the Wall Street Journal which wondered why the unemployment rate is now actually higher than it was a year ago and the labor force participation rate is only up 0.1%. If there really was a booming job market, the unemployment rate should have dropped sharply and the labor participation rate should be up.
So where did the supposed millions of jobs that Biden is bragging about come from?
A report from the Center for Immigration Studies however shows that the job growth is mostly happening among immigrants while the number of Americans in the workforce has actually declined since before the pandemic. The report found that, “there were still 183,000 fewer U.S.-born Americans working in the fourth quarter of 2023 than in the fourth quarter of 2019, before Covid. The number of immigrants (legal and illegal) working is up 2.9 million over 2019.”
Steven Camarota of CIS speculates that, “half the net increase in jobs went to illegal immigrants.”
Some of this may be attributable to the corporate embrace of DEI. An EEOC report found that 94% of the S&P 100 jobs in 2021 went to minorities. The major corporations hired only 20,524 white workers and 302,570 minorities. White people make up 57% of the country, but got only 6% of the jobs. While white workers were less likely to be hired, they were far more likely to be fired. Of the jobs lost among the country’s top companies, 68.5% were held by white workers, 16.5% by black workers, 9.7% by Hispanic workers and 2.3% by Asian workers.
If the numbers showed a pattern of exclusion so severe toward any other group than white people, there would be civil rights investigations and lawsuits being launched to end this kind of systemic discrimination. But while much of this shift was attributed to BLM, that corporate DEI wokeness may be misleading because the EEOC breakdown showed that 40% of the new jobs in 2021 went to Hispanic workers while only 23% went to black workers.
The Hispanic unemployment rate fell from over 18% during the pandemic to less than 5% now and the Hispanic labor force participation rate is higher than the national average. The highest participation rate is for Salvadorans who make up a sizable percentage of the border migrants.
The Hispanic employment boom is tilted toward Central America rather than the general Latino sphere. Non-migrant Hispanics, like Puerto Ricans, have a fairly low labor force participation rate while Hispanics from migrant nations have a much higher one. They’re driving job growth.
What does that look like?
Migrants, including children, are working at jobs all over the country. Some companies were more blatant than others about their use of migrant child labor to do all of their dirty work. --->READ MORE HERE
The Employment Situation of Immigrants and the U.S.-born in the Fourth Quarter of 2023:
Compared to 2019, all employment growth has gone to the foreign-born
Comparing the fourth quarter of 2019 to the fourth quarter of 2023 shows 2.7 million more people working in the United States — 2.9 million more immigrants (legal and illegal) and 183,000 fewer U.S.-born Americans. Since the depths of the Covid Recession in 2020 employment has increased for both groups. But the number of U.S.-born workers has not made it back to the 2019 pre-Covid level. Equally important, the share of working-age, U.S.-born men without a bachelor’s not in the labor force deteriorated in the decades prior to 2019, and the rate in the fourth quarter of 2023 was lower still. These individuals do not show up as unemployed because they have not looked for a job in the four weeks prior to the survey. The long-term decline in the labor force participation rate of less-educated men is linked to serious social problems, from suicide and crime to drug overdoses and social isolation.
This analysis by the Center for Immigration Studies is based on the Current Population Survey (CPS), collected by the Census Bureau for the Bureau of Labor Statistics. We focus on the peak years of prior economic expansions (2000, 2006, and 2019) as well as 2023 because it is the most recent quarterly data available. Immigrants (legal and illegal together) in the CPS are often referred to as the "foreign-born" and include all persons who were not U.S. citizens at birth — primarily naturalized citizens, lawful permanent residents, long-term temporary visitors (e.g. guestworkers), and illegal immigrants.
Among the findings:
  • While the numbers have continually rebounded from the lows of 2020, there were still 183,000 fewer U.S.-born Americans working in the fourth quarter of 2023 than in the fourth quarter of 2019, before Covid. The number of immigrants (legal and illegal) working is up 2.9 million over 2019. (Figure 4 and Table 2) 
  • The unemployment rate in the fourth quarter of 2023 was 3.5 percent and 3.7 percent for the U.S.-born and immigrants respectively. However, the unemployed do not include those out of the labor force — neither working nor looking for work. (Table 2 and Table 8) 
  • The overall labor force participation rate of all U.S.-born adults (18 to 64) in the fourth quarter of 2023 of 77 percent roughly matches the pre-covid rate in 2019. But it was still below the prior peaks of 78.1 percent in 2006 and 79.2 percent in 2000. (Figure 1 and Table 3) 
  • Immigration has added significantly to the number of workers without a bachelor’s degree. Of the 2.9 million increase in immigrant workers, 1.7 million (60 percent) are adults 18 and older without a bachelor’s degree. (Table 2 and Table 6) 
  • At 75.6 percent in the fourth quarter of 2023, the labor force participation rate of U.S.-born men without a bachelor’s (18 to 64) has still not returned to the 76.3 percent it was in the fourth quarter of 2019, which was lower than the 80.5 percent in 2006 and the 82.6 percent in 2000. (Figure 7, Tables 8-11) 
  • Compared to the 1960s, when more than 90 percent of these working-age, less-educated U.S.-born men were in the labor force, the rate today is dramatically lower. 
  • At 66.4 percent, the labor force participation rate of U.S.-born women (18 to 64) without a bachelor’s in the fourth quarter of 2023 has returned to the 2019 level, but is still well below the 70.7 percent in 2000. (Tables 8, 9, and 11) 
  • The share of immigrant men (18 to 64) in the fourth quarter of 2023 without a bachelor’s degree in the labor force is 85.5 percent, higher than the rate for U.S.-born men, but still below the 86.4 percent in 2019. (Figure 7, Table 8, and Table 9)
--->READ MORE HERE
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