US Born Employment is Down By Over 1 Million Since 2020

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via Mike Shedlock

Questions about foreign workers came up yesterday on Twitter. The numbers are from the BLS.

US and Foreign Born Employment Data from the BLS chart by Mish

Since the data is not seasonally adjusted, it’s important to compare numbers to the same month a year ago.

I also added pandemic lows for a point in reference. All of the other numbers shown are from February in various years.

I posted the numbers last month. This post is an update.

Thanks to ZeroHedge for being the first I am aware of for charting these numbers.

Change Since February 2020

  • Employment Level: +2,298,000
  • US Born Employment: -1,007,000
  • Foreign Born Employment: +3,305,000

Foreign Born Definition

Those born outside the United States (or one of its outlying areas such as Puerto Rico or Guam), and neither parent was a U.S. citizen. The foreign born include legally-admitted immigrants, refugees, temporary residents such as students and temporary workers, and undocumented immigrants.

See also  883,000 more unemployed than last year; 1.342 million full-time jobs lost.

Has this Been Good for the Economy?

We need a sensible border policy and are not remotely close to one.

Nonfarm Payrolls and Employment Levels

Payrolls and employment data from the BLS, chart by Mish

Payrolls vs Employment Gains Since March 2022

  • Nonfarm Payrolls: 6,438,000
  • Employment Level: +2,797,000
  • Full Time Employment: +439,000

In the last 23 months, the economy added 6.4 million jobs, but full time employment only rose by 439,000.

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Jobs Up 275,000 with 52,000 More Government Jobs, Employment Down 184,000

For more discussion of the latest employment report, please see my detailed report Jobs with seven charts: Jobs Up 275,000 with 52,000 More Government Jobs, Employment Down 184,000

Huge Percentage of Job Gains are Related to Taking Care of Immigrants

2024 is starting where 2023 ended. Job growth is soaring, but employment isn’t. Second, the number of jobs needed to take care of illegal immigration is a huge percentage of the increase in jobs.

Data from the BLS, chart by Mish.

For more discussion of the above chart, please see Huge Percentage of Job Gains are Related to Taking Care of Immigrants