Not so sure about the voter point and or more representation

Whatever your opinion is on illegal immigration, it is a problem because it needs to be a problem. The numbers we all get pumping the economy, the numbers cloak something else. When you hear about Biden flying in illegals, the reason is not to gain dem voters. It's not to import drug dealers and rapists and human traffickers. It's the economy stupid. Every rosy economic number Biden brings up, is rosy because of a foreign worker.

This isn't just an American problem. Much of the EU is either facing a recession or they're in one. They are importing immigrants as well at record numbers. Heck, the middle east imports workers. There is no other way a place like Dubai could look the way it looks without imported labor. Most in the middle east comes from India. Most immigrants in Europe are from Africa and the Middle East. Without the influx of immigrants the US would be in a recession. The countries in Europe that are in recessions are those with less ability to import or attract immigrant labor.

Our politics are a diversion to distract us. To hide the forest by only talking about trees.

In just February, 1.2 million immigrants (legal and illegal) gained a job. Meanwhile, 500k native-born Americans LOST their job.

Since Covid, native-born workers have actually LOST 2 million jobs. All of the net job gains are immigrants.

RememberTheDanny

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40% of February job growth is in govt & healthcare jobs

Mar 10, 2024, 9:04 PM

Your original subject post illustrates how big deficit spending can create jobs growth and simultaneously keeping unemployment numbers low.

Unconcerned Americans don’t care that deficit spending is a classic way to distort the economy; these unconcerned Americans are those who benefit from the distortions.

Per Market Insider (Mar. 8, 2024):
Feb job numbers (before the always-downward revisions that have taken place during the Biden admin.: 275K jobs

Here’s my conservative estimate of the upcoming downward revision for Feb; this is based on the original jobs report for Dec + Jan (e.g., 290K jobs) which was revised downward to 229K jobs. Based on this downward revision of 60K jobs for Dec + Jan, the avg monthly downward revision is 30K. Therefore, my estimate for the revised overall jobs number for Feb is 245K jobs.

Sounds great, doesn’t it? Not so fast.

Here’s the number of healthcare and social assistance jobs added in Feb.: 90K. Guess who funds (either directly or indirectly) mother large majority of these jobs? We do, via the taxes that we pay the govt -&- the govt does by printing money (inflationary spending).

And we haven’t even touched upon the growth in federal govt jobs.

Per Government Executive - Feb 2, 2024. “The jobs boom is hitting the federal sector, too”
In Jan 2024, new federal jobs hit a 20 year high for job growth in non-census years. 11,000 new federal jobs were created in January alone. In 2023 overall, ~ 86K new federal govt jobs were created; this works out to ~ 7K new jobs per month.
I’ll use a conservative number for Feb 2024 new federal govt jobs growth at 7K.

(*). Estimate for Taxpayer / deficit spending jobs for Feb. 2024 for govt employee + healthcare & social services jobs = 97K.
(*). Estimated revised overall jobs numbers for Feb. 2024 = 275K - 30K = 245K.

(***). Estimated % of jobs which taxpayers directly fund -&- % of jobs which are funded by deficit spending that distorts the economy and therefore harms Americans who are not on the receiving end of the money from those deficit spending jobs = ~ 40%.

Look behind the numbers. The OBiden Handlers Admin is creating the short term illusion of a great economy while obscuring the catastrophe that America is facing from a weakening currency. As others have posted on TNet, the Federal Reserve no longer fully funds the Treasury in ‘only’ cash. Due to a shortage of overall funds (because the Fed does not want to sell enough T-bonds at rates which are attractive enough for the overall foreign market to be willing to purchase, the Federal Reserve isn’t selling enough T-bonds to raise the cash that is needed to fund the Treasury. Instead, the Fed has issued ‘IOU’s’ to the Treasury to ‘balance out’ the books for what the Treasury was supposed to get.

This is the looming disaster behind those job numbers which have got even the smart Americans fooled by the ‘Bidenomics miracle.’

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New jobs. Roaring economy. Low unemployment.

2 million lost their job? Or exited the market?

I never realized that the net gains since covid in jobs would be

It kind of reveals the folly of

We currently need 9 million more workers.

9 million to what-get to 0% unemployment?

No. 9 million jobs without a person to work them.

The answer is right in your link.

Please cross reference excess retirements.

Youre missing the larger point.

Actually, you should look at the prime age employment rate:

What about the other 12M illegals?***

So.. fire the citizen and hire the illegal is what you are saying has happened??

Not at all. This didn't come from firings.

I think if you look at the high number of folks choosing "not to look for work"

I think the labor participation decline we've had was not people just

Bingo. Its silly to act like the number choosing to participate is

If middle America can't afford homes because of elevated interest rates

Re: If middle America can't afford homes because of elevated interest rates

Re: Not so sure about the voter point and or more representation

Who has run the show during the past, oh, 60 years or so?

Interesting that the chart stops at 2020... It would take at least twice as

It's gone up to 2.3 million.***

Per year...?***

Yep. But you also have to take into account the data itself.

Its the welfare stupid.***

40% of February job growth is in govt & healthcare jobs

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