Rough headlines this morning about the Fed Jobs report for jobs report.
92k jobs lost in February, big miss from +59k expected.
December & January revised to 69k lower than previously reported.
BUT -Data shows foreign born workers have lost 519,000 jobs over the last year, while native born workers have gained 128k jobs.
Additionally, federal government employment decreased by 10K in February, and is down by 330K, or 11%, since reaching a peak in October 2024.
What is amazing to me is that we have "LOST" a total of 850,000 jobs between FOREIGN workers & GUBMINT werkrs. But overall, during the past 12 months, the American private sector workers have seen growth, despite the miss in February.
92k jobs lost in February, big miss from +59k expected.
December & January revised to 69k lower than previously reported.
BUT -Data shows foreign born workers have lost 519,000 jobs over the last year, while native born workers have gained 128k jobs.
Additionally, federal government employment decreased by 10K in February, and is down by 330K, or 11%, since reaching a peak in October 2024.
What is amazing to me is that we have "LOST" a total of 850,000 jobs between FOREIGN workers & GUBMINT werkrs. But overall, during the past 12 months, the American private sector workers have seen growth, despite the miss in February.