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326,000 Native-Born Americans Lost Their Job In November: Why This Remains The Most Important Jobs Chart
Although this trend accelerated under Obama, it is not new under him.
326,000 Native-Born Americans Lost Their Job In November: Why This Remains The Most Important Jobs Chart Submitted by Tyler Durden on 12/05/2015 13:25 -0500
We first laid out what that is three months ago when we said that "the one chart that matters more than ever, has little to nothing to do with the Fed's monetary policy, but everything to do with the November 2016 presidential elections in which the topic of immigration, both legal and illegal, is shaping up to be the most rancorous, contentious and divisive."
We were talking about the chart showing the cumulative addition of foreign-born and native-born workers added to US payrolls according to the BLS since December 2007, i.e., since the start of the recession/Second Great Depression.
And here is why we are confident this particular data should have been prominently noted by all experts when dissecting yesterday's job report: according to the BLS' Household Survey, while 375,000 foreign-born workers found jobs in November, a whopping 326,000 native-born Americans lost theirs
as the presidential primary race hits a crescendo all that will matter is the soundbite that over the past 8 years, 2.7 million foreign-born Americans have found a job compared to only 747,000 native-born. The result is a combustible mess that will lead to serious fireworks during each and every subsequent GOP primary debate, especially if Trump remains solidly in the lead.
when the government gets involved socially engineering our futures, unexpected consequences always occur. They're always harmful too!
I'd wager this is a desired consequence - cleansing of the American middle class and American culture - a return to the class system of the middle ages.