Here’s what the Regime Media won’t tell you about the latest jobs report numbers:
The widely-cited Payroll Survey suggests that the economy added back 428,000 jobs in April, as the unemployment rate stayed at 3.6%, just above the Pre-Covid level of 3.5%.
However, the Household Employment Survey shows a far bleaker picture. According to this metric, which includes illegals working off-the-books, total employment shrank by 353,000.
Thus, the New VDARE American Worker Displacement Index, our name for the ratio of the immigrant to native-born employment growth indexes since January 2009, rose to 122.9 in April from 120.8 in March, a gain of 1.8%
A year-over-year chart showing the change in foreign-born work force population from the same month the prior year shows us that the immigrant working population expanded by nearly 2 million over the past 12 months. This was the largest gain, year-over-year, since February 2015.
Another displacement metric—the immigrant share of total employment—also rose substantially last month. Our analysis indicates that 18.031% of jobs were held by immigrants in April. The only month to exceed that level in the past 16 years was April 2018, when the immigrant share spiked to 18.083%.
Peter Brimelow writes for VDARE.com
“The immigrant workforce population has been building throughout the Biden Regime. Now, finally, that seems to be showing up in the displacement data.”