There August jobs report was pitiful by itself. But what the media isn’t telling you is that 698,000 American born workers lost their jobs in August.
| 698,000 American born workers lost their job in August |
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The chart is especially important because what it shows for just the month of August will be enough to provide the Trump – and every other – campaign with enough soundbites and pivot points to last it for weeks on end: namely, that in August a whopping 698,000 native-born Americans lost their job. This drop was offset by 204,000 foreign-born Americans, who got a job in the month of August.
Despite these numbers, the media has been touting that unemployment rate dropping 5.1%. I guess that’s good news if you aren’t an American born worker.