Suggesting Finance
No Result
View All Result
  • Login
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
Subscribe For Alerts
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
No Result
View All Result
Suggesting Finance
No Result
View All Result
Home Economy

Foreign-born employment remains near last month's high

News Room by News Room
October 7, 2024
Reading Time: 3 mins read
0
Jobs report is a boom for migrants, slump for Americans

The number of foreign-born workers declined slightly in September from a month ago, though employment among foreign-born workers remains near the highest level in over a decade.

The Labor Department’s Bureau of Labor Statistics (BLS) released its jobs report for 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 last month. The figure of 31,636,000 foreign-born workers employed in August was the highest level since at least 2007.

Compared to a year ago, foreign-born employment rose about 1.2 million jobs from 30,213,000 in September 2023, per BLS data. That continues an upward trend that dates back to at least 2010, having been interrupted by the COVID pandemic.

Native-born employment was up in September by about 920,000 jobs compared to August, coming in at 130,632,000 in September — though that’s down about 825,000 jobs from September 2023. Employment among U.S.-born workers had reached the highest level since at least 2007 a little more than a year ago when it reached 132,254,000 in July 2023.

US ECONOMY ADDED 254K JOBS IN SEPTEMBER, WELL ABOVE EXPECTATIONS

The BLS figures do not differentiate between foreign-born workers who entered the country with authorization, such as green card holders, and those with working visas, as opposed to those who entered the country without authorization.

At a press conference last month, Federal Reserve Chair Jerome Powell was 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.

FED’S POWELL SAYS IMMIGRATION SURGE BOOSTED UNEMPLOYMENT RATE

Border Patrol

“On the job creation… it depends on the inflows,” Powell said. “So if you’re having millions of people come into the labor force, and you’re creating 100,000 jobs, you’re going to see unemployment go up. So it really depends on what’s the trend underlying the volatility of people coming into the country.”

“We understand there’s been quite an influx across the borders, and that has actually been one of the things that’s allowed the unemployment [rate] to rise. And the other thing is just the slower hiring rate, which is something we also watch carefully. So it does depend on what’s happening on the supply side,” he explained.

Data from the Congressional Budget Office found that there has been a net gain of more than 9 million immigrants since the end of 2020. 

Kyle, Texas pipeline

That figure includes 2.6 million lawful permanent residents who are green card holders or otherwise came to the U.S. legally via family or employment-based visas, as well as 6.5 million who are classified as “other foreign nationals” — which comprises those who entered the country without authorization.

FOX Business’ Michael Dorgan contributed to this report.

Read the full article here

ShareTweetSendSend

Related Posts

German chancellor hopes US will bring down tariffs, says 'best thing for mutual wealth' is open markets
Economy

German chancellor hopes US will bring down tariffs, says 'best thing for mutual wealth' is open markets

June 17, 2025
US weekly jobless claims fall; labor market still slowing
Economy

Job growth continued to slow in May amid economic uncertainty

June 16, 2025
Trump urges Fed's Powell to cut interest rates by full percentage point: 'Rocket Fuel!'
Economy

Trump urges Fed's Powell to cut interest rates by full percentage point: 'Rocket Fuel!'

June 15, 2025
Trump, South Korea's new president agree to make a deal on tariffs that would satisfy both countries
Economy

Trump, South Korea's new president agree to make a deal on tariffs that would satisfy both countries

June 14, 2025
PETER NAVARRO: Trump’s 50% steel tariff is a necessary shield for American industry
Economy

PETER NAVARRO: Trump’s 50% steel tariff is a necessary shield for American industry

June 13, 2025
Joann, Macy's, other store closures part of a 274% spike in retail layoffs in 2025
Economy

Joann, Macy's, other store closures part of a 274% spike in retail layoffs in 2025

June 12, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Suggesting Finance

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent Posts

  • American Express set to unveil game-changing update to its elite Platinum cards
  • German chancellor hopes US will bring down tariffs, says 'best thing for mutual wealth' is open markets
  • Job growth continued to slow in May amid economic uncertainty

Categories

  • Banking
  • Business
  • Credit Cards
  • Crypto
  • Economy
  • Finance
  • Investing
  • Loans
  • Markets
  • Mortgage
  • Real Estate
  • Saving
  • Taxes
  • Uncategorized
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

© 2023 Suggesting Finance. All Rights Reserved.

No Result
View All Result
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto

© 2023 Suggesting Finance. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.