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Sunday, June 7, 2026

No Jobs Help Incoming - Denninger - (When do we stop the bleeding? - CL)

 https://market-ticker.org/akcs-www?post=255525 


.....In other words a big "meh."

But Table A-7 continues to show the disaster for Americans.  Over the last 12 months the employment:population ratio for native-born Americans has dropped like a stone, from 58.9 to 58.2%.  That's bad particularly considering that the headline (unadjusted) as month number is today 59.2% and one year ago was 59.7.  In other words 0.7% decrease for Americans while the total was a 0.5% decrease.

Foreign-born workers?  63.7% -> 64.1%.

Not only did they take Americans' jobs they are employed at a higher rate than Americans too.

The hollowing out of Americans is outrageous -- and we'd better put a full and absolute stop to it.