Companies in the United States have announced, so far this year, more than 400,000 layoffs — more than the layoffs announced in all of last year. The job cuts come as Democrats, on behalf of business special interests, demand more foreign competition in the labor market for employers to hire.
No sign of businesses shedding workers at a more rapid rate.
The labor market is still refusing to cooperate with the narrative that the economy is softening.
The number of foreign nationals holding jobs in the United States has hit the highest level since the Labor Department began tracking the data in 1996 as the employment of native-born Americans declines, a trend under President Joe Biden.
Claims show no evidence of a trend toward a softer labor market.
Republicans must be “hammering” away at illegal immigration as “economic warfare” against working- and middle-class Americans, Sen. J.D. Vance (R-OH) told Breitbart News.
The Department of Labor said initial jobless claims rose by 22,000 to a seasonally adjusted 264,000 last week.
Everyone has a job and no one is happy.
The U.S. Chamber of Commerce and special interest groups have launched a lobbying campaign to demand more legal immigration to the U.S. so business has a constant flow of cheaper foreign workers to hire for American jobs.
Initial claims climbed by 5,000 to a seasonally adjusted 245,000, the Labor Department said.
Close to five million border crossers and illegal aliens have been welcomed into the United States under President Joe Biden, according to figures detailed by Sen. Ron Johnson (R-WI). This is a foreign population that exceeds the populations of 28 states.
The number of continuing claims, however, fell in the previous week, suggesting a labor market that is still tight.
Economists had expected the economy to add 230,000 jobs and the unemployment rate to hold steady at the 3.6 percent reported last month.
The first sign all year that Fed hikes may be softening demand for labor.
The number of job openings fell to 9.931 million as of the last day of February.
The labor market is still incredibly tight.
The market’s expectations for the rate hike coming out of the March meeting of the Federal Open Market Committee (FOMC) moved violently on Tuesday as the Fed chief testified before the Senate Banking Committee.
The Department of Labor said Wednesday that employers had 10.824 million open positions at the end of January, above the expected 10.6 million.
Could Linkedin and ZipRecruiter be the canaries in the coal mine for the U.S. labor market?
At the end of 2022, 1.9 million fewer Americans were working than in 2019 before the Chinese coronavirus pandemic while President Joe Biden’s administration has funneled two million additional foreign workers into United States jobs.
Trying to bring down inflation by opening the U.S. to more immigrants is a bit like trying to bail out a boat with a sieve.
Demand for labor is still super hot.
The number of people applying for jobless benefits in the U.S. inched up last week, the fourth consecutive week in which new claims have come in below 200,000. The Labor Department said initial claims for state unemployment benefits rose to
President Joe Biden’s administration is growing the United States labor market by adding millions of foreign workers for employers to hire, leaving jobless Americans on the sidelines.
The arrival of soft wage data and stronger than expected productivity data this week has reignited hopes that the U.S. economy could achieve a “soft landing” in which inflation comes down steadily without a serious slump in the economy.
Fed chairman Jerome Powell described the labor market as extremely tight. Jobless claims indicate that it may be getting even tighter.
Rep. Tom McClintock (R-CA) says Democrats cannot explain how flooding the United States labor market with millions of illegal alien workers every year helps better the lives of America’s working and middle class.
The layoffs in tech announced over the past month or so have many asking if this is a bellwether for the broader labor market.
This morning’s jobless claims were the latest piece of evidence that the labor market remains extremely hot even as other economic data appears to be foreshadowing a plunge in economic activity.
Claims for unemployment benefits fall to a four-month low.
The labor market remains seriously out of balance, and the Federal Reserve is not likely to relent so long as this remains true.
The data this week has made it clear that the Federal Reserve has a lot more work to do to cool down the labor market.
With retail sales coming in below expectations, why aren’t more workers being laid off?
President Joe Biden will import nearly 65,000 H-2B foreign visa workers to take blue-collar jobs as 11.6 million Americans are jobless and another 3.7 million are underemployed.
The United States Chamber of Commerce and corporate donors are making a last-ditch effort, spending hundreds of thousands of dollars, to ram an amnesty for illegal aliens through the lame duck session of Congress.
A plan by Sens. Thom Tillis (R-NC) and Kyrsten Sinema (I-AZ) would permanently bring millions more foreign workers into the United States labor market, via amnesty and green card provisions, for employers to hire over qualified Americans.
On Friday’s broadcast of the Fox Business Network’s “Kudlow,” Breitbart Economics Editor John Carney said that the decline in the labor force participation rate in the November jobs report shows “the government has gummed up the works of the labor
What Jerome Powell giveth, the labor market taketh away.
Friday’s jobs numbers raise the risk that inflation may stick around a lot longer than almost anyone expects.
If you want to figure out where monetary policy is heading next, watch the labor market.