Claman Countdown panelists Brian Jacobsen and Paul Dietrich discuss hiring and layoff rates.
number of foreign-born workers Although payrolls fell slightly in September from the previous month, employment of foreign-born workers remains near the highest level in more than a decade.
Published by the Department of Labor's Bureau of Labor Statistics (BLS). job report The number of foreign-born workers in September was 31,414,000, a decrease of about 222,000 from last month, the data released on Friday showed. The number of foreign-born workers employed in August was 31.636 million, the highest level since at least 2007.
Foreign-born employment increased by about 1.2 million from a year ago, from 30.213 million in September 2023, according to BLS data. The trend continues an upward trend dating back to at least 2010, but was interrupted by the coronavirus pandemic.
U.S.-born employment in September increased by about 920,000 compared to August, to 130,632,000. However, compared to September 2023, this is a decrease of approximately 825,000 people. Employment of U.S.-born workers was slightly above its highest level since at least 2007. It reached 132,254,000 in July 2023, more than a year ago.
US economy added 254,000 jobs in September, much more than expected
The number of foreign-born workers has fallen since August and is at its highest level since at least 2007. (Spencer Pratt/Getty Images/Getty Images)
The BLS numbers do not distinguish between foreign-born workers who enter the country with authorization, such as green card holders, and foreign-born workers with work visas. entered the country without permission.
At a press conference last month, Federal Reserve Chairman Jerome Powell They were asked about how the level of job creation in the economy and the number of workers, including immigrants, in the labor market affect the unemployment rate.
Fed Chairman Jerome Powell says surge in immigration is driving up unemployment rate
Illegal border crossings have increased rapidly in recent years. (John Moore/Getty Images/Getty Images)
“As for job creation…it depends on the influx,” Powell said. “So if millions of people enter the labor force and 100,000 jobs are created, the unemployment rate will rise. Much depends on what the qualitative underlying trends are in the country. “
“We understand that there was a significant flow across bordersAnd that was one of the things that actually allowed unemployment. [rate] To rise. And the other thing is the drop in adoption rates. We are also monitoring this closely. So it depends on what's happening on the supply side,” he explained.
According to Congressional Budget Office data, the net income is: Over 9 million immigrants From the end of 2020.
BLS data does not distinguish between foreign-born workers who entered the country with authorization, such as green card holders, and workers with work visas, as opposed to foreign-born workers who entered the country illegally. (Jordan Vonderhaar/Bloomberg via Getty Images/Getty Images)
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This number includes 2.6 million green card holders or lawful permanent residents who came to the United States legally on family or employment-based visas, and 6.5 million who are classified as “other aliens.” Includes immigrants. without permission.
FOX Business' Michael Dorgan contributed to this report.
