Of course the Regime Media hyped the May 6 jobs report: Job Growth Shows Continuing Vigor of U.S. Economy …
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. …
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. …
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.
- 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.
If Australia slowed its immigration, wages would rise, housing prices would fall, and there would be less traffic congestion. But no one ever offers us that choice at the ballot box. Who makes those decisions?