Monday, September 9, 2024

US-born workers lost 1.3 million jobs in last year, foreign-born workers gained 1.2 million

 These figures emerge amid recent data from the Congressional Budget Office, showing that over 9 million immigrants have entered the United States since the beginning of the Biden administration.

US-born workers lost over 1.3 million jobs in the past 12 months, while foreign-born workers gained more than 1.2 million jobs during the same period.

According to a review of Bureau of Labor Statistics (BLS) data from Fox 13, as of August, there were 129.7 million native-born workers, down from 131 million in August of last year. Conversely, the number of foreign-born workers increased from 30.4 million to 31.6 million over the same period.



These figures emerge amid recent data from the Congressional Budget Office, showing that over 9 million immigrants have entered the United States since the beginning of the Biden administration, with about 6.5 million being illegal immigrants, according to Fox News. The jobs report from the BLS does not differentiate between foreign-born workers who are in the country legally versus those who are not.

Additionally, the latest jobs report fell short of expectations. Initially, it was projected that 160,000 new jobs would be added in August, but the actual number came in at 142,000. Despite this, the unemployment rate dropped slightly from 4.3 percent in July to 4.2 percent in August. The 4.3 percent rate in July was the highest since October 2021, a period when the country was still grappling with the effects of the COVID-19 pandemic.

The report also highlighted some concerning trends in the labor market. The number of multiple jobholders increased by 65,000, indicating that more people are taking on multiple jobs to make ends meet. Additionally, there was a rise in the number of part-time workers, while the number of full-time workers decreased.
https://thepostmillennial.com/us-born-workers-lost-1-3-million-jobs-in-last-year-foreign-born-workers-gained-1-2-million