The Hidden Reality Behind High Job Numbers: US-Born Workers See Decline

Economists are expressing concern over the increasing number of illegal immigrants in the United States, who they believe are obscuring the actual condition of the jobs market and the U.S. economy. For the last few years, the headline employment figure has been impressive. The country has recovered the lost jobs from the government-imposed shutdowns during the pandemic and added a few million more, despite a climate of high inflation and rising interest rates. In 2023, the economy added approximately 3 million new positions. To kick off 2024, more than 800,000 new jobs have been added. The labor market data is critical as it helps determine the Federal Reserve’s interest rate policy....