Search This Blog

Wednesday, July 10, 2019

Who added more jobs? Trump or Obama: June 2019

Obama added more than 10.1 million jobs over two terms, or roughly 105.1K jobs per month. The trouble is, Obama added almost as many jobs to foreigners as he did to native born workers. Forty-three percent of the jobs added went to foreigners.




This ratio was much worse for Obama during his first term: 1.7 million of the jobs added went to foreign born workers. The native born? They lost 537K jobs. In other words, 146% of the jobs went to foreigners.


Obama's second term was much better for native born workers: 70% of the jobs went to them. But it was too late. It was not enough to stem the anti-immigration sentiment that had been building up nationwide. When Trump had announced his candidacy on May 2015 on a vehemently anti-immigrant platform, the jobs growth was still definitely skewed to foreign born workers. They had gained almost 2 million jobs and the native born workers had just gained 237K jobs.




Trump has continued the trend, adding almost 8 million jobs in 29 months, with around 75% of the jobs going to native born workers. Nevertheless, the trend towards hiring foreign born workers continues unabated. The cumulative jobs added to foreign born workers as a percentage to their Civilian Noninstitutional Population was an astounding 10.50% as of June 2019. Native Born workers just gained 3.15% for the same period.



Source: www.bls.gov, https://fred.stlouisfed.org

No comments:

Post a Comment