Native-Born Workers Tumble By 369K, As Foreign-Born Workers Soar To Record High

Yesterday we pointed out something stunning (and a big problem for the Biden administration): while the US economy has added 3.3 million jobs from the pre-covid highs (make that 3.8 million after today’s blowout print)… … all of the new jobs have gone to foreign-born workers, with native-born workers stagnating and unable to surpass their pre-covid highs of 131.7 million, set in Oct 2019. Well, as shown in the chart above, when updating the series for the