excalibur
Diamond Member
- Mar 19, 2015
- 22,765
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The plan is back in place.
As you Biden supporters bury your heads in the sand.
Of course the Regime Media hyped the May 6 jobs report [Job Growth Shows Continuing Vigor of U.S. Economy, by Talmon Joseph Smith, NYT, May 6, 2022]. But unreported except here on VDARE.com: immigrants gained the bulk of the new jobs; American employment actually fell. Immigrant displacement of American workers is at an all-time high, resuming its relentless upward march that dates back to Obama’s inauguration. Also, inflation significantly exceeded wage growth. So, contrary to advertisement, Americans’ incomes are falling.
According to the widely-cited Payroll Survey, the economy added back 428,000 jobs in April, as the unemployment rate stayed at 3.6%—slightly above its pre-COVID 3.5%. Labor force participation unexpectedly dipped to 62.2% from March’s 62.4%, suggesting a smaller share of the population was working or looking for work.
"Almost 500,000 workers decided to leave the workforce in April… Currently, there are 11.5 million job openings and only 5.9 million unemployed, causing a large mismatch in labor supply and demand that’s fueling wage growth,” Peter Essele, Head of Portfolio Management for Commonwealth Financial Network, said [April jobs report: Payrolls rise by 428,000 as unemployment rate holds at 3.6%, by Emily McCormick, Yahoo News, May 6, 2022].
We are told incessantly that the labor market is strong, that the demand for labor is far greater than the supply. If true, employers should be raising wages to lure workers back to work. But that didn’t happen: workers are still losing ground to inflation, with average hourly earnings up 5.5%, year-over-year, in April, while the CPI rose at an annualized rate of 8.3% in April [Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs, by Jeff Cox, CNBC, May 11, 2022].
The Household Employment Survey shows a far bleaker picture of the macro job situation for April: total employment shrank by 353,000—a 0.2% drop—with immigrants (legal and illegal, federal data does not distinguish) gaining jobs while native-born Americans were losing them. One likely explanation for the difference: U.S. businesses are reluctant to acknowledge illegals working “off the books.” This illicit workforce is counted in the Household Employment Survey, but not in the Payroll Employment Survey.
In April:
The New VDARE American Worker Displacement Index (NVDAWDI), our name for the ratio of the immigrant to native-born employment growth indexes since January 2009, rose to 122.9 in April from 120.8 in March, a gain of 1.8%.
...
vdare.com
As you Biden supporters bury your heads in the sand.
Of course the Regime Media hyped the May 6 jobs report [Job Growth Shows Continuing Vigor of U.S. Economy, by Talmon Joseph Smith, NYT, May 6, 2022]. But unreported except here on VDARE.com: immigrants gained the bulk of the new jobs; American employment actually fell. Immigrant displacement of American workers is at an all-time high, resuming its relentless upward march that dates back to Obama’s inauguration. Also, inflation significantly exceeded wage growth. So, contrary to advertisement, Americans’ incomes are falling.
According to the widely-cited Payroll Survey, the economy added back 428,000 jobs in April, as the unemployment rate stayed at 3.6%—slightly above its pre-COVID 3.5%. Labor force participation unexpectedly dipped to 62.2% from March’s 62.4%, suggesting a smaller share of the population was working or looking for work.
"Almost 500,000 workers decided to leave the workforce in April… Currently, there are 11.5 million job openings and only 5.9 million unemployed, causing a large mismatch in labor supply and demand that’s fueling wage growth,” Peter Essele, Head of Portfolio Management for Commonwealth Financial Network, said [April jobs report: Payrolls rise by 428,000 as unemployment rate holds at 3.6%, by Emily McCormick, Yahoo News, May 6, 2022].
We are told incessantly that the labor market is strong, that the demand for labor is far greater than the supply. If true, employers should be raising wages to lure workers back to work. But that didn’t happen: workers are still losing ground to inflation, with average hourly earnings up 5.5%, year-over-year, in April, while the CPI rose at an annualized rate of 8.3% in April [Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs, by Jeff Cox, CNBC, May 11, 2022].
The Household Employment Survey shows a far bleaker picture of the macro job situation for April: total employment shrank by 353,000—a 0.2% drop—with immigrants (legal and illegal, federal data does not distinguish) gaining jobs while native-born Americans were losing them. One likely explanation for the difference: U.S. businesses are reluctant to acknowledge illegals working “off the books.” This illicit workforce is counted in the Household Employment Survey, but not in the Payroll Employment Survey.
In April:
- Immigrants gained 274,000 jobs, a 1.0% increase from March
- Native-born Americans lost 627,000 positions, a 0.5% fall from March
- Thus VDARE.com’s immigrant employment index, set at 100.0 in January 2009, rose to 131.7 from 130.4 in March, a 1.0% increase
- VDARE.com’s Native-Born employment index fell to 107.5 from 108.0, a 0.5% decline.
The New VDARE American Worker Displacement Index (NVDAWDI), our name for the ratio of the immigrant to native-born employment growth indexes since January 2009, rose to 122.9 in April from 120.8 in March, a gain of 1.8%.
...
NATIONAL DATA: What The Regime Media Didn’t Tell You—Immigrants Displaced American Workers In April; Inflation-Adjusted Wages Fell | Articles
[Research by Edwin S. Rubenstein] Of course the ...
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