Saturday, December 6, 2014
In November 2014, U.S.-born employment fell by 166,000 while foreign-born employment rose by 170,000
From January 2009 to November 2014, foreign-born employment rose by 3.397 million while U.S.-born employment rose by only 1.669 million. Over the past 12 months, the labor force participation rate (LPR) — a sign of worker confidence — rose 0.3 points for foreign-born workers and declined 0.2 points for Americans. At 66.3%, the immigrant LPR is significantly above the American LPR (62.1%). At 5.4%, the immigrant unemployment rate remains slightly below that of U.S.-born workers (5.6%). Since November 2013, the foreign-born population of working age grew by 1.29 million while the comparable U.S.-born population rose by only 987,000. If these growth rates persist, the foreign-born population of working-age will double in about 22 years. The increase in the foreign-born working-age population over the past year (1.29 million) exceeds the number of legal immigrants admitted annually, which has been running at about 1 million. Obvious implication: A strong U.S. job market is drawing illegals into country. Contra Obama, the news is not a “very welcome sign for millions of Americans”, but a “very welcome sign” for millions of immigrant workers, many of them illegal. If history is any guide, Obama’s administrative order of amnesty will widen the gap between foreign-born and American-born population growth.