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

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Zero Hedge reports that 1.2 million American born workers have been replaced by nearly 700k foreign born workers.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

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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.

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Keep reading….

https://twitter.com/AlecLace/status/1698717953460519119?s=20

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