‘The Claman Countdown’ panelists Brian Jacobsen and Paul Dietrich discuss hiring and layoffs.
Number of foreign-born workers fell slightly in September from the previous month, although foreign-born employment remained at its highest level in more than a decade.
The Bureau of Labor Statistics (BLS) of the Department of Labor released its statement activity report in September on Friday, which showed that the number of foreign-born workers was 31,414,000 in September, a decrease of about 222,000 from the previous month. The number of 31,636,000 foreign-born workers employed in August was the highest since at least 2007.
Compared to the previous year, foreign-born employment increased by about 1.2 million jobs from 30,213,000 in September 2023, according to BLS data. That continues an upward trend that dates back to at least 2010, only to be interrupted by the COVID pandemic.
Native employment increased in September by nearly 920,000 jobs compared to August, to 130,632,000 in September – although that was down about 825,000 jobs from September 2023. Employment of US-born workers had reached its highest level since at least 2007 slowly. over the previous year when it reached 132,254,000 in July 2023.
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The number of foreign-born workers fell from August, which was the highest level since at least 2007. (Photos by Spencer Platt/Getty/Getty Images)
The BLS statistics do not distinguish between foreign-born workers entering the country with authorization, such as green card holders, and those with work visas, unlike those he entered the country without authorization.
In a press conference last month, Federal Reserve Chairman Jerome Powell asked about the level of job creation in the economy and how the unemployment rate is influenced by the number of workers, including immigrants, in the labor market.
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Illegal border crossings have increased in recent years. (John Moore / Getty Images / Getty Images)
“In terms of job creation… it depends on income,” Powell said. “So if you put millions of people into work, and you create 100,000 jobs, you’re going to see unemployment go up. country.”
“We understand that there really was influx across bordersand that has been one of the factors that allow unemployment [rate] height. And another thing is the slow hiring rate, which we are watching carefully. So it depends on what is happening on the supply side,” he explained.
Data from the Congressional Budget Office found that there have been significant gains more than 9 million immigrants from the end of 2020.
The BLS data does not distinguish between foreign-born workers who entered the country legally, such as green card holders, and those with valid visas, rather than those who entered the country illegally. (Jordan Vonderhaar/Bloomberg via Getty Images/Getty Images)
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That number includes 2.6 million legal permanent residents who are green card holders or who came to the US legally on family or work-based visas, and 6.5 million who are considered “other aliens” – including those entering the country. without authorization.
FOX Business’ Michael Dorgan contributed to this report.
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