...immigrant displacement of American workers appears to have resumed with a vengeance.
Nonfarm payrolls shrank by 125,000 in June. After adjusting for the downsizing of government census takers and other public sector jobs, the June job count was up by 83,000.
Even that is disheartening: the median forecast from economists and economic forecasting firms was that the U.S. would add 110,000 private-sector jobs.
The economy needs to add about 130,000 to 150,000 jobs a month just to keep pace with new workers entering the market (still including, incredibly, an estimated 40,000 immigrants). The labor pool is already overflowing with about 15 million unemployed job seekers.
The average duration of unemployment is now 35.2 weeks. A year ago it was 24.4 weeks.
The “other” labor survey, of households rather than businesses, was even more downbeat. It reported a June job loss of 301,000. Here is the action for the month:
Total employment: -301,000 (-0.22 percent)
Hispanic employment: -99,000 (-0.50 percent)
Non-Hispanic employment: -202,000 (-0.17 percent)
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