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The "jobs creator" President: How's the "hopium and changium" treating you?

7/3/2014

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As the mainstream media touts the most recent positive jobs news and unemployment rate (which doesn't factor in the 50M unemployed Americans who aren't looking for a job), don't be duped into failing to take a long-term view.

For example, a study conducted by the Center for Immigration Studies finds that the recipients of the entire net U.S. employment growth since 2000 have been legal and illegal immigrants.

Some data. In the first quarter of 2014:
  • 127k fewer working-age, native Americans were employed than in 2000.
  • 5.7M more immigrants were employed than in 2000.

These data challenge the argument that immigration tends to increase job opportunities for natives. As native-born employment has fallen significantly during the past 15 years, 17M immigrants came to the United States.

If those data aren't disturbing enough, consider some additional data:
  • The labor force participation rate for native-born Americans has steadily declined alongside the employment rate.  Today, 50M native-born Americans don't have jobs: 8.7M are college graduates, 17M adults have some college education, and 25.3M possess only a high school diploma.
  • Meanwhile, immigrants have increased their presence in low-skilled jobs (such as maintenance and construction), in middle-skilled jobs (such as office support), and in higher-skilled jobs (from health care to management and computer work).

Who's filling all of those "new jobs created" in the past two months? Mostly likely, it's legal and illegal immigrants.  They seem to be the only folks experiencing all of that "hopium and changium."


Let the discussion begin...




To read the Center for Immigration Studies report, click on the following link:
http://c7.nrostatic.com/sites/default/files/CIS%20Report%20On%20

Employment%20Gains%20And%20Losses.pdf
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