Current U3 unemployment formula excludes post-2022 immigration; real unemployment worse with illegal entries. typically, credit card delinquencies follow job losses.

"The formula for current U3 doesn’t included immigration after 2022"

So unemployment is worse if you include all the illegals Biden let in https://t.co/mMLn70eql7

— Darth Powell (@VladTheInflator) August 7, 2024

It's strange that credit card delinquencies are rising without much unemployment.

Normally dq's follow job losses. pic.twitter.com/ksJHYL6OWX

— Random Walk (@MosesSternstein) August 7, 2024

See also People voted for Brexit expecting less immigration. Britain got different immigration instead.

See also "No one hires an illegal alien out of the goodness of their heart. They hire them to work them harder, pay them less, and undercut the competition."