Behind Today's Stellar Jobs Print: It Was Literally ALL Part-Time Jobs (And Illegal Invaders)
Posted by freedomforall 3 weeks, 3 days ago to Politics
Excerpt:
"while there was some improvement in the quantitative aspect of the March report, when it comes to the qualitative aspect, it was another disaster for one simple reason: all the job gains were part time jobs!
Here is exhibit A: in March, the number of part-time jobs soared by 691K to 28.632 million, up from 27.941 million while full-time jobs dropped by 6,000, to 132.940 million from 132.946 million.
This number only gets scarier when we extend the period to the past year: as shown in the next chart, since March 2023, the number of full-time workers has collapsed by 1.347 million while the number of part-time workers exploded by 1.888 million!
There's more.
Regular readers are aware that all the job gains since 2018 have gone to immigrants, mostly illegal immigrants, something we spent last month's jobs post discussing in detail.
So what happened in March? It will come as no surprise that there was more of the same, and after the collapse in native-born workers in the last three months when nearly 2.5 million native-born workers lost their jobs, March saw some pick up, and 929K native-born workers were added. Meanwhile, after last month's record increase in foreign-born workers, in March illegal immigrants added another 112K jobs, pushing the total number of foreign-born workers to a new record high of 31.114 million.
Said otherwise, not only has all job creation in the past 6 years has been exclusively for foreign-born workers...
... but there has been zero job-creation for native born workers since July 2018!
...
if and when Trump or Republicans finally get their act together and halt the flood of illegals, then and only then, will the Bureau of Labor Statistics and the Bureau of Economic Analysis admit just how ugly the US economy, the labor market and inflation truly are... and then they will blame Trump for pushing the US into a stagflationary recession because he halted the record inflow of immigrants without which the US is - drumroll - doomed."
"while there was some improvement in the quantitative aspect of the March report, when it comes to the qualitative aspect, it was another disaster for one simple reason: all the job gains were part time jobs!
Here is exhibit A: in March, the number of part-time jobs soared by 691K to 28.632 million, up from 27.941 million while full-time jobs dropped by 6,000, to 132.940 million from 132.946 million.
This number only gets scarier when we extend the period to the past year: as shown in the next chart, since March 2023, the number of full-time workers has collapsed by 1.347 million while the number of part-time workers exploded by 1.888 million!
There's more.
Regular readers are aware that all the job gains since 2018 have gone to immigrants, mostly illegal immigrants, something we spent last month's jobs post discussing in detail.
So what happened in March? It will come as no surprise that there was more of the same, and after the collapse in native-born workers in the last three months when nearly 2.5 million native-born workers lost their jobs, March saw some pick up, and 929K native-born workers were added. Meanwhile, after last month's record increase in foreign-born workers, in March illegal immigrants added another 112K jobs, pushing the total number of foreign-born workers to a new record high of 31.114 million.
Said otherwise, not only has all job creation in the past 6 years has been exclusively for foreign-born workers...
... but there has been zero job-creation for native born workers since July 2018!
...
if and when Trump or Republicans finally get their act together and halt the flood of illegals, then and only then, will the Bureau of Labor Statistics and the Bureau of Economic Analysis admit just how ugly the US economy, the labor market and inflation truly are... and then they will blame Trump for pushing the US into a stagflationary recession because he halted the record inflow of immigrants without which the US is - drumroll - doomed."
