National Data,
By Edwin S. Rubenstein
from vdare.com
January 11, 2011
January 11, 2011
The U.S. economy added 103,000 jobs in December, well below expectations of most economists. Offsetting the gloom: the private sector accounted for all of the job growth (governments actually shed 10,000 jobs), while the unemployment rate fell to 9.4% from 9.8%.[See the BLS news release here.]
The economy needs to create about 125,000 jobs a month just to keep up with growth in the U.S. labor force—which (not usually reported) includes immigrants entering the labor market along with recent high school and college graduates, many of them the U.S.-born children of immigrants. That threshold was more than met last month, according to the often-ignored Household Survey of employment.
The Household Survey reports 297,000 new jobs were created in December, the largest hiring increase since August. For the third successive month VDARE.COM’s American Worker Displacement Index (VDAWDI) fell in December, as Hispanic job gains lagged those of non-Hispanics:
- Total employment: up 297,000 (0.21 percent)
- Hispanic employment: up 17,000 (0.09 percent)
- Non-Hispanic employment: up 280,000 (0.24 percent)
VDARE.COM’s American Worker Displacement Index (VDAWDI) fell to 125.9 in December, as Hispanics gained jobs at about one-third the rate of non-Hispanics:
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