Newly released statistics from the Bureau of Labor Statistics (BLS) paint a troubling picture for native-born workers in the U.S.: more than 800,000 have lost their jobs compared to last year. In contrast, foreign-born employment has surged, with about 1.2 million more foreign workers now employed than a year ago.
Despite the administration’s announcement of 254,000 new nonfarm payroll jobs in September, significantly exceeding expectations, the data reveals a troubling trend. While there was a positive gain of 920,000 native-born workers from August to September, the year-over-year decline raises concerns about the focus on foreign labor.
The Biden-Harris administration celebrated the jobs report, asserting, “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 Americans are questioning the accuracy of these claims amid rising costs of living.
Real wages have actually fallen by 1.3% since early 2021, as inflation has risen by over 20% since Biden took office. The combination of high inflation and stagnant wages has created a financial burden for many American families.
In response to rampant inflation, the Federal Reserve raised interest rates to the highest level in 23 years, which has further strained household finances. This has resulted in a spike in credit card delinquencies, which have reached their highest levels since 2012.
As the Biden-Harris administration prioritizes foreign labor over the needs of native-born Americans, questions arise regarding the long-term effects on the U.S. job market. The stark disparities in employment trends highlight a growing disconnect between policy decisions and the realities faced by American workers.
