Another Terrible Jobs Report! While 275k Jobs Added In February, Jobs Were Taken By Foreign-born Workers (Full-time Jobs Fell Again While Part-time Jobs Soared)

After witnessing the debacle called “The State of the Union Address” or “Crazy Grandfather Screams At Nation To Get Off His Lawn,” I was hoping that today’s jobs report would make me happier. It didn’t. In fact, the February jobs report was downright awful.

Let’s start with the “good news.” 315k jobs were added in February.

Now for the “bad news.” The civilian labor force for NATIVE BORN Americans declined by -0.43% YoY in February while FOREIGN BORN rose by 5.50% YoY.

Then we have FULL-TIME workers falling by -0.213% YoY in February while PART-TIME workers rose by 3.41% YoY.

So for NATIVE BORN Americans, this was a terrible report. But if you are FOREIGN BORN, you can party like its 1999.

Maybe now you can understand why Biden gave his angry SOTU speech. Perhaps he saw how bad February’s jobs report was for Middle class America and was trying to redirect the rage away from himself towards the Supreme Court, MAGA Republicans, corporate America (his biggest donors?), and the 6 year old that walked across The White House Lawn uninvited.