“The economy is changing, and the economy is changing,” said EJ Antoni, an economist at the Heritage Foundation. Breitbart News Saturday Most of the job growth under the Biden-Harris administration was due to “foreign-born workers.”
Anthony said: Breitbart News Saturday The unemployment rate jumped to 4.3% in July, with employers adding 114,000 workers, well below the 180,000 job gains economists had expected.
Antoni compiled data from the Bureau of Labor Statistics (BLS) that outlined the dire state of the economy under the Biden-Harris administration, including how most of the recent job gains have come from foreign-born workers, including undocumented immigrants.
He explained Breitbart News Saturday“Native-born Americans lost 1.2 million jobs. That means all 1.3 million of the job gains went to foreign-born workers. In fact, and this is astonishing, there are fewer native-born Americans working today than there were five years ago, before the pandemic.”
“Essentially, it means job growth will go to foreign-born workers,” Antoni continued.
Not only are native-born jobs millions lower than pre-pandemic trends, they are also 208,000 below pre-pandemic levels. Meanwhile, foreign-born jobs have increased by 3.9 million over the past five years, returning to pre-pandemic trends. Americans are being left behind… pic.twitter.com/d6NGZjvSmE
— Dr. EJ Antoni (@RealEJAntoni) August 2, 2024
“The American labor market has become a kind of temp agency for foreigners and Americans,” he added.
Antoni also noted that “much of last year’s net employment gains came from part-time employment.”
The dramatic shift from full-time to part-time work has led to a notable decline in average working hours: in July, the number of people working part-time for economic reasons increased by 346,000 from June. pic.twitter.com/LbPtqtzzp5
— Dr. EJ Antoni (@RealEJAntoni) August 2, 2024
All of the net job gains since June 2023 have come from part-time employment: while the economy as a whole lost 1.1 million full-time jobs, part-time employment grew by 5.6%, as we are only seeing a gig recovery at this point. pic.twitter.com/I93rtpVL6w
— Dr. EJ Antoni (@RealEJAntoni) August 2, 2024
Antoni also said more than half of the jobs added in the past year were government jobs or paid for with taxpayer money.
“The issue here is that for every job that is funded with taxpayer money, more taxpayers have to pay into the system, that is, pay taxes, to have enough money to fund private sector jobs,” he explained.
More than half of the jobs added last year were paid for within the government or through taxpayer money — for example, the government subsidizing hospitals, which then use that money to hire nurses — essentially indirect government jobs. pic.twitter.com/Pstmk23xF7
— Dr. EJ Antoni (@RealEJAntoni) August 2, 2024
Antoni also noted that the unemployment rate is “artificially low” because millions of workers have not been looking for work since the start of the COVID-19 pandemic and therefore are not included in the unemployment statistics.
He said that if millions of workers who have stopped looking for work since the pandemic is included, “the unemployment rate would be between 6.9 percent and 8.2 percent.”
Despite continued growth in nonfarm payrolls, employment levels remain flat compared to last year. They are currently about 7.3 million jobs below pre-pandemic trends and are worsening month over month. pic.twitter.com/ok82LdE6js
— Dr. EJ Antoni (@RealEJAntoni) August 2, 2024
He added that rates are “well into recessionary territory.”
Breitbart News Saturday airs from 10am-1pm ET on SiriusXM Patriot 125.
Sean Moran is a policy reporter for Breitbart News. Follow him on Twitter. Sean Moran 3.
