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Federal Reserve Chairman Jerome Powell says the nation’s unemployment rate is being raised by Homeland Security chief Alejandro Mayorkas’s huge inflow Login/Join 
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https://www.breitbart.com/immi...s-unemployment-rate/



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"Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean it."
Mark Twain
 
Posts: 13358 | Registered: January 17, 2011Reply With QuoteReport This Post
The Unmanned Writer
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I am sure ABC will make this the first article in tonight's Nightly News. Wink






Life moves pretty fast. If you don't stop and look around once in a while, you could miss it.



"If dogs don't go to Heaven, I want to go where they go" Will Rogers

The definition of the words we used, carry a meaning of their own...



 
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The best part about story that is the double masked lady. Eesh.
 
Posts: 5064 | Location: Florida Panhandle  | Registered: November 23, 2008Reply With QuoteReport This Post
His Royal Hiney
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How are they counting the illegals supposedly looking for jobs???



"It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946.
 
Posts: 20191 | Location: The Free State of Arizona - Ditat Deus | Registered: March 24, 2011Reply With QuoteReport This Post
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quote:
Originally posted by Rey HRH:
How are they counting the illegals supposedly looking for jobs???


I believe the inference is that the illegals are taking the jobs of legal residents.
 
Posts: 2099 | Location: Just outside of Zion and Bryce Canyon NP's | Registered: March 18, 2012Reply With QuoteReport This Post
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They've been giving these waves of illegals with the CBP One app fast track work authorizations and issuing them SSNs. The Fed ignores a huge structural unemployment issue with our economy, this isn't a frictional unemployment issue.
 
Posts: 795 | Location: FL | Registered: July 30, 2007Reply With QuoteReport This Post
His Royal Hiney
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quote:
Originally posted by Powers77:
quote:
Originally posted by Rey HRH:
How are they counting the illegals supposedly looking for jobs???


I believe the inference is that the illegals are taking the jobs of legal residents.


My question comes before that stage. I doubt they have a person at the non-port of entry border clicking a counter like the checker in Costco to figure how many illegals have come through. Then there's the "unknown got aways."

And, now, that I've explained my question, I have these two additional thoughts.

Then, I doubt the majority of these illegals are out hitting the pavement filling out job applications, going online to Indeed.com to upload their resumes.

Then, job applicants are supposed to have a social security number to get a job.

So, I don't really know what Powell is saying. Is he using the widely known illegal immigration influx to hide the fact that unemployment numbers are going up because people are getting laid off because we really are heading into a recession but he doesn't want to spook the market?

It's really getting confusing. I hear that this was a purely political move to spike the stock market to favor Kamala. But, I also hear, if the economy is as good as Powell says it is, then why a half point drop instead of a quarter?



"It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946.
 
Posts: 20191 | Location: The Free State of Arizona - Ditat Deus | Registered: March 24, 2011Reply With QuoteReport This Post
His Royal Hiney
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quote:
Originally posted by HKAngusKL:
They've been giving these waves of illegals with the CBP One app fast track work authorizations and issuing them SSNs.


We're fucked.



"It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946.
 
Posts: 20191 | Location: The Free State of Arizona - Ditat Deus | Registered: March 24, 2011Reply With QuoteReport This Post
No More
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quote:
Originally posted by Rey HRH:

Then, I doubt the majority of these illegals are out hitting the pavement filling out job applications, going online to Indeed.com to upload their resumes.

Then, job applicants are supposed to have a social security number to get a job.

So, I don't really know what Powell is saying. Is he using the widely known illegal immigration influx to hide the fact that unemployment numbers are going up because people are getting laid off because we really are heading into a recession but he doesn't want to spook the market?


Around here it appears the illegals do a lot of cash basis jobs. Construction, house cleaning, landscaping, food service, etc. They do displace citizens who would be legally employed, and thus the unemployment increases. But the official number employed would not be increasing as far as the Social Security data would count.

Many of the illegals are wiring money back to their families in their home country, which removes that wealth from the US economy, which further depresses the economy. That would be a second order effect on employment.
 
Posts: 9813 | Location: On the mountain off the grid | Registered: February 25, 2002Reply With QuoteReport This Post
I have lived the
greatest adventure
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Yeah, no duh. He just said the quiet part out loud.

It's intentional.




Phone's ringing, Dude.
 
Posts: 6176 | Location: Upstate SC | Registered: April 06, 2011Reply With QuoteReport This Post
7.62mm Crusader
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quote:
Originally posted by Fly-Sig:
quote:
Originally posted by Rey HRH:

Then, I doubt the majority of these illegals are out hitting the pavement filling out job applications, going online to Indeed.com to upload their resumes.

Then, job applicants are supposed to have a social security number to get a job.

So, I don't really know what Powell is saying. Is he using the widely known illegal immigration influx to hide the fact that unemployment numbers are going up because people are getting laid off because we really are heading into a recession but he doesn't want to spook the market?


Around here it appears the illegals do a lot of cash basis jobs. Construction, house cleaning, landscaping, food service, etc. They do displace citizens who would be legally employed, and thus the unemployment increases. But the official number employed would not be increasing as far as the Social Security data would count.

Many of the illegals are wiring money back to their families in their home country, which removes that wealth from the US economy, which further depresses the economy. That would be a second order effect on employment.
What remains of our Trump built economy is what, for 4 years the biden trash has done nothing but tear down. Four years of bad policy, wars, enriching themselves, attacking a real President, covering up all their family crimes, abusing federal agency's and of late, attempting to kill a real President, it's no wonder the Amerucan economy is back sliding. In my neck of the woods, most all these illegal invaders are fully employed at good paying g Americans jobs. Driving up to $70,000.00 pick up trucks, all manner of nice vehicles. One such employers is staffed with nearly all mexicans and work them 6 X 12 hour shifts and, some weeks 7 X 12 hours. I see very pricey real estate being used by the illegal invaders as a Church. One near 300k building is right in our historic district. A neighbor called the Police when the Mexican music went on for hours throughout the area. They can worship back in their home country. Let the deportations begin.
 
Posts: 17999 | Location: The Bluegrass State! | Registered: December 23, 2008Reply With QuoteReport This Post
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