- 02 Jun 2024 04:32
#15317114
This is from an official government department study.
And it only counts those who snuck through the border illegally and are literal illegal aliens in every sense of the word. It does NOT count all the huge numbers of migrants that the Biden Administration has been automatically admitting to the country under the guise of being "asylum seekers".
Indeed, I would suspect that if half the jobs have gone to illegal immigrants, it's then almost a certainty that the other half must have gone to the other migrants.
The Biden Administration and Democrat supporting media touts that the economy has been "creating jobs", but it's questionable whether any of these total new jobs have gone to Americans.
Around half of U.S. jobs gains may be from undocumented immigrants
" Around half of U.S. jobs growth this year has likely come from undocumented immigrants, which may suggest that the labor market is not as strong as thought, according to analysts at Standard Chartered Bank NY Branch.
Steve Englander, Head, Global G10 FX Research and North America Macro Strategy, and Dan Pan, Economist, Americas, estimate that undocumented workers account for 109,000 jobs out of the average 231,000 monthly increase in jobs so far this year.
That is based on an examination of detailed data from U.S. Customs and Border Protection and U.S. Citizenship and Immigration Services.
They also note that they may be underestimating this figure since undocumented immigrants often have limited access to benefits, so they may be heavily motivated to find employment.
The analysts define undocumented immigrants as "those who entered the US through non-traditional immigration pathways, such as asylum seekers, parolees and refugees" and are counting those that have an Employment Authorization Document.
Based on this evaluation, the U.S. economy may not be as strong as thought, and that may have consequences for the U.S. Federal Reserve.
Standard Chartered estimates that nonfarm payroll (NFP) gains may be around 125,000 per month excluding these workers. "Such a pace is not recession but is hardly boom time and represents a moderate underlying pace of labour demand," the analysts said. "
Around half of U.S. jobs gains may be from undocumented immigrants, Reuters, Karen Brettell, May 31, 2024
As of May 2023, there were more than 1.3 million asylum applications awaiting processing (source here), if that some idea how many migrants have been admitted into the country who are not counted as "illegal aliens" for official purposes.
In February 2024, the foreign-born population in the United States hit a new high of 51.4 million, representing 15.5 percent of the U.S. population. (source here)
related thread: All the job growth since 2019 has gone to immigrants, less educated men hurting (in Economics section, Feb 14, 2024)
Maybe it's no wonder Americans aren't feeling a better economy.
And it only counts those who snuck through the border illegally and are literal illegal aliens in every sense of the word. It does NOT count all the huge numbers of migrants that the Biden Administration has been automatically admitting to the country under the guise of being "asylum seekers".
Indeed, I would suspect that if half the jobs have gone to illegal immigrants, it's then almost a certainty that the other half must have gone to the other migrants.
The Biden Administration and Democrat supporting media touts that the economy has been "creating jobs", but it's questionable whether any of these total new jobs have gone to Americans.
Around half of U.S. jobs gains may be from undocumented immigrants
" Around half of U.S. jobs growth this year has likely come from undocumented immigrants, which may suggest that the labor market is not as strong as thought, according to analysts at Standard Chartered Bank NY Branch.
Steve Englander, Head, Global G10 FX Research and North America Macro Strategy, and Dan Pan, Economist, Americas, estimate that undocumented workers account for 109,000 jobs out of the average 231,000 monthly increase in jobs so far this year.
That is based on an examination of detailed data from U.S. Customs and Border Protection and U.S. Citizenship and Immigration Services.
They also note that they may be underestimating this figure since undocumented immigrants often have limited access to benefits, so they may be heavily motivated to find employment.
The analysts define undocumented immigrants as "those who entered the US through non-traditional immigration pathways, such as asylum seekers, parolees and refugees" and are counting those that have an Employment Authorization Document.
Based on this evaluation, the U.S. economy may not be as strong as thought, and that may have consequences for the U.S. Federal Reserve.
Standard Chartered estimates that nonfarm payroll (NFP) gains may be around 125,000 per month excluding these workers. "Such a pace is not recession but is hardly boom time and represents a moderate underlying pace of labour demand," the analysts said. "
Around half of U.S. jobs gains may be from undocumented immigrants, Reuters, Karen Brettell, May 31, 2024
As of May 2023, there were more than 1.3 million asylum applications awaiting processing (source here), if that some idea how many migrants have been admitted into the country who are not counted as "illegal aliens" for official purposes.
In February 2024, the foreign-born population in the United States hit a new high of 51.4 million, representing 15.5 percent of the U.S. population. (source here)
related thread: All the job growth since 2019 has gone to immigrants, less educated men hurting (in Economics section, Feb 14, 2024)
Maybe it's no wonder Americans aren't feeling a better economy.