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Jobs


From ZERO HEDGE

From Trump, the LESSER EVIL:

Here’s the bottom line: since Trump took over, foreign-born workers have declined 5 out of 6 months, while native-born have increase 5 out of 6 months!

The chart above, more than any other variable, explains what is going on with the labor market: millions of minimum-wage illegal workers are not only not applying for jobs, but are actively losing their jobs.

In the process, wages are increasing onaverage (since low-paying workers are no longer entering the work force and are being replaced with higher paid native workers).

Indeed, we could see that today because while the overall report was very weak, average hourly earnings not only rose sequentially, but printed higher than expected.