Bidenomics Jobs Report: 1.2 Million Native-Born Workers Lost Their Jobs & Were Replaced With 668K Foreign-Born Workers

And the illegitimate POTUS is out today bragging about jobs.

Zero Hedge reports that 1.2 million American born workers have been replaced by nearly 700k foreign born workers.

Bidenomics: America last.

As Biden continues to tout his economy, the data says otherwise.

The July jobs estimate was revised 30,000 lower and the June total was revised a whopping 104,000 lower making it the worst month since December of 2020.

The unemployment rate also jumped to 3.8% in August as tech companies begin layoffs. (Collin Rugg on X)

The Real Shocker In Friday’s Jobs Report: 1.2 Million Native-Born Workers Lost Their Jobs, And Were Replaced With 668K Foreign-Born Workers

By: Tyler Durden, Zero Hedge, Sep 04, 2023:

Shortly after the August “goldilocks” jobs report hit at 8:30 AM Eastern time on Friday, which first sent yields tumbling as markete focused on the surge in the unemployment rate before a sharp reversal sent long-end rates in the opposite direction as attention instead turned to the jump workers re-entering the labor force (as well as stronger than expected ISM print), we explained why, lost in the din of the attention-grabbing headlines, the details inside the report showed just how ugly the American non-farm payroll report truly was.

Keep reading.

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4 replies
  1. Royal Brown
    Royal Brown says:

    Bidenomics is a total JOKE designed to destroy the middle class – all part of Obama 3 regime’s goal of “fundamentally transforming” our Constitutional Republic.

    Reply

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