Job Gains Favor Foreign Workers As Native-Born Employment Falls

Recent data from the Bureau of Labor Statistics (BLS) highlights a troubling reality for native-born Americans: over 800,000 fewer individuals are employed compared to the previous year. Meanwhile, foreign-born workers have seen an increase of approximately 1.2 million jobs, underscoring a significant shift in the job market.

Despite the announcement of 254,000 new jobs added in September, which outpaced economists’ expectations, native-born workers are not reaping the benefits. The employment situation for native Americans has improved slightly, with a 920,000 increase from August to September, but the year-over-year figures remain disheartening.

The Biden-Harris administration proclaimed success in the job market, stating, “Today, we received good news for American workers and families. With today’s report, we’ve created 16 million jobs, unemployment remains low, and wages are growing faster than prices.” However, many citizens are skeptical, given the inflationary pressures they face daily.

Real wages have dropped by 1.3% since the beginning of the Biden administration, with inflation surpassing 20% since he took office. This economic strain is evident as families struggle to keep up with rising costs, diminishing their purchasing power.

To address inflation, the Federal Reserve has raised interest rates to a 23-year high, further complicating financial stability for many Americans. Consequently, the number of delinquent credit card accounts has surged, reaching levels not seen since 2012.

As the administration continues to implement policies favoring cheap labor and migrants, native-born Americans find themselves increasingly marginalized. The lack of attention to their employment needs raises concerns about the future of the U.S. labor market and the administration’s commitment to its citizens.