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Business Standard
18-06-2025
- Business
- Business Standard
1 million immigrants leave US labour force in 2 months amid Trump crackdown
US President Donald Trump's renewed push to tighten immigration enforcement appears to be having an immediate effect on the country's workforce, with new government data showing that more than one million foreign-born workers exited the labour force between March and May 2025. According to the US Bureau of Labor Statistics (BLS), the number of foreign-born individuals in the civilian labour force dropped from 33.7 million in March to 32.7 million by May — a fall of 1,013,000. The figures are from the BLS' Current Population Survey and are not seasonally adjusted, which means they don't account for regular month-to-month shifts. Meanwhile, average hourly wages accelerated, rising by 0.4 per cent over the month, to $36.24 in May, as earnings continue to beat inflation in a boost to workers' spending power. President Donald Trump touted May wage gains and the general state of the economy Friday morning in a post on his social media platform TruthSocial. 'AMERICA IS HOT! SIX MONTHS AGO IT WAS COLD AS ICE! BORDER IS CLOSED, PRICES ARE DOWN. WAGES ARE UP!' Trump's fast-track policy rollout Since returning to office in January 2025, Trump has issued immigration orders at a pace almost six times faster than during his first term. These include expanded worksite enforcement, penalties for employers hiring undocumented workers, and visa restrictions. While large-scale deportations continue, the White House has also been trying to drive down the unauthorised population through legal pressure, workplace raids, and public messaging. Many immigrants, legal experts say, are choosing to leave on their own. Foreign-born workers more active than native-born Despite the recent fall, foreign-born workers have historically had higher participation and employment rates than US-born individuals. In 2024: • 66.0% of foreign-born individuals were working or seeking work • 61.7% of native-born individuals were participating in the labour force • 64.5% of immigrants were employed • 59.2% of native-born individuals were employed In total, 31.4 million foreign-born individuals were part of the US labour force in 2024, making up 18.6% of all civilian workers—up from 18.1% in 2023. Jobs where immigrants dominate Certain occupations rely heavily on foreign-born labour, according to BLS data: • Farming, fishing, and forestry: 37.3% immigrant share • Building and grounds cleaning: 37.2% • Construction and extraction: 27.6% • Food preparation and serving: 26.1% • Transportation and material moving: 25.4% These sectors continue to face high demand for labour, even as overall numbers drop. Where immigrant workers are based Foreign-born workers are heavily concentrated in certain regions. In 2024, the distribution was: • South: 29.5% • West: 28.4% • Northeast: 21.9% • Midwest: 20.1% Together, the South and West accounted for more than half of the US immigrant workforce. These regions remain key employment hubs, especially in construction, logistics, healthcare, and hospitality.
Bloomberg
03-06-2025
- Business
- Bloomberg
Bureau of Labor Statistics to Correct ‘Minor Errors' in April's US Jobs Data
The Bureau of Labor Statistics said it will correct 'minor errors' in April jobs data on Friday with the release of figures for May, adding the changes won't affect key measures such as the unemployment rate. 'Due to minor errors to weights associated with the introduction of a redesigned Current Population Survey (CPS) sample, some April 2025 estimates will be corrected on June 6, 2025,' the BLS said Tuesday in a statement.
San Francisco Chronicle
26-05-2025
- Business
- San Francisco Chronicle
Millennials are finally catching up with older generations in this important measure
Millennials are less likely to own a home than the previous two generations — especially in the Bay Area. But that may be starting to shift. Just 30% of millennials in the San Francisco metropolitan area owned a home in 2023, data from the U.S. Census Bureau shows. That put them far behind the 55% of Generation X and 62% of baby boomers who owned their home — an especially large gap compared with most other large metro areas. But older millennials are starting to catch up with their predecessors. Millennials born toward the earlier end of the generation's 1981-96 range — those in their early 40s — are achieving homeownership at nearly the same rate as Gen X did at the same age, at between 40% and 50%. Gen X is defined as people born from 1965 to 1980. That thinning gap is true for both the U.S. and California specifically, an analysis of census data by Apartment List shows. But both generations trail baby boomers, who were born from 1946 to 1964. And with home prices and interest rates still high, experts acknowledge that some millennials may feel left out of their peers' recent rise in homeownership. 'It's all going to be shifted later,' said Eric McGhee, a researcher at the Public Policy Institute of California. 'Your first home is going to be later in life than it did before, because it's going to take longer to save up for a down payment. (And) you're going to have a higher income to afford a mortgage.' The Census Bureau's Current Population Survey doesn't include people who live in institutions such as hospice facilities and nursing homes. That could make some baby boomers' homeownership rate seem somewhat higher than it truly is. But that generation was indeed much more likely to own a home than Gen X or millennials — especially in the most expensive parts of the country. In the San Francisco metro area, baby boomers are more than twice as likely as millennials to own their home. In the Minneapolis metro area, most millennials are homeowners, and boomers are just 1.4 times as likely as those younger neighbors to own their home. It takes people in California much longer than those in most other states to own a home, according to a 2023 report by the UC Berkeley Terner Center for Housing Innovation. That wasn't the case before the 1970s, when a wave of restrictive zoning laws in California led to a major slowdown in housing construction — even as its population swelled — and prices began to rise rapidly. Millennials and Gen X were also hit hard by the 2007-09 recession, causing some members of Gen X to lose their homes and leading to a weaker overall economy for millennials entering the job market, said Rob Warnock, a researcher at Apartment List. In other words, millennials may be catching up, but they're catching up to a generation that had homeownership struggles of its own. The pandemic was another blow for many millennials, also known as Generation Y. Some were able to buy a home before prices and interest rates surged, leading to a wave of wealth for the generation overall. But many others were left out — and could continue to be. 'Both of those things are true,' Warnock said. 'We see the generation growing (in homeownership). We also see the generation kind of falling behind.'
Yahoo
13-05-2025
- General
- Yahoo
Perspective: Out of work and on the dole — is Uncle Sam contributing to young men's malaise?
American men are in trouble. From Richard Reeves' "Of Boys and Men" to Nicholas Eberstadt's "Men Without Work," we have learned that men are opting out of our most important institutions — work, education and family — in record numbers. But what or who is to blame for this male malaise? Uncle Sam. This was Allysia Finley's thesis, writing about men's growing disconnect from work in a recent Wall Street Journal article: 'Blame government, which showers benefits on able-bodied people who don't work,' Finley wrote. Finley is certainly right that we have a growing problem when it comes to young men's connection to work. In 1976, just 5% of young men ages 25 to 40 were not in the labor force. That number has more than doubled, rising to 11% in 2024. Over the same period, the share of men in this age range not working full-time rose by 46%, such that now more than 1 in 4 men in this age group are not working full-time. In 2024, 3.8 million men ages 25 to 40 were not in the labor force, and a total of 7.8 million were not working full-time. What's also apparent from these trends is that working-class men have been much more affected by the male flight from work than college educated men. The increase is only up 79% among college educated men, whereas it is up 165% among less-educated men. This is worrisome because such men are more likely to end up poor, unmarried, depressed and prone to succumbing to 'deaths of despair.' But is Finley right to blame the government for this male flight from work? Yes, in part, it would seem. A large minority of young men who are not working, or who are working less than full-time, are collecting food or cash from the government. The 2024 Current Population Survey indicates that 31% of men ages 25-40 who are not working full-time collected some form of cash or cash-equivalent benefit in the form of food stamps, Social Security for disability, Supplemental Security Income, or unemployment insurance in the prior year. Such benefits are particularly common among the nearly 4 million men in this age group who are not in the labor force, of whom 40% had received some cash or cash-equivalent government benefit. This doesn't include other non-cash government supports, like health insurance or reduced rent. We should note that national surveys, such as the Current Population Survey, tend to underreport the share of adults on such programs. To Finley's point, the share of young men receiving one or more of these benefits is likely higher than what the CPS indicates. But, as shown above, these benefits are largely going to those without college degrees. Furthermore, there is a large share of those who did not receive any such benefits and so are clearly not being enticed by Big Government. There is more to this story. So, what besides Uncle Sam is to blame? Our work at the Institute for Family Studies suggests broken families and big business also have a big hand in this male malaise. Regarding family, as Brad Wilcox wrote in his book 'Get Married,' young men are 'more likely to end up idle, to work less, and to earn less money if they came from a non-intact family.' He added, 'In fact, these young men are 36% less likely to hold down a full-time job by the time they hit their mid-twenties.' When it comes to big business, as Wilcox noted in The American Conservative: 'Many of the nation's biggest businesses — from Alphabet (YouTube) to TikTok to Microsoft (Xbox) — are selling products that serve teenage boys and young men one dopamine hit after another. The problem with these products is they make school and work relatively less appealing, inhibiting the ability of many young men to develop the skills, ambition, and work ethic that would enable them to thrive in the twenty-first century economy.' Work done by Princeton economist Mark Aguiar and his colleagues indicates that screentime — from gaming to porn — can account for nearly half of the drop in working hours for men in their twenties from 2004 to 2017. Of course, many parents of teenagers understand this problem starts before men hit their twenties. Throw in the well-documented failures of schools to cultivate the hearts, minds and talents of boys and young men, and what Eberstadt calls a 'normative sea change' that has made it a 'viable option' for 'sturdy men ... to sit on the economic sidelines, living off the toil or bounty of others' and you get a fuller picture of the familial, economic and cultural forces arrayed against our young men. The bottom line is that, yes, government handouts can, and do, sustain the growing male disconnect from work. But the story of young men and unemployment is about much more than the failures of Uncle Sam. There is plenty of blame to go around. Grant Bailey is a research associate at the Institute for Family Studies. Brad Wilcox is Distinguished University Professor and Director of the National Marriage Project at the University of Virginia and senior nonresident fellow at the American Enterprise Institute.
Yahoo
13-05-2025
- General
- Yahoo
Perspective: Out of work and on the dole — is Uncle Sam contributing to young men's malaise?
American men are in trouble. From Richard Reeves' "Of Boys and Men" to Nicholas Eberstadt's "Men Without Work," we have learned that men are opting out of our most important institutions — work, education and family — in record numbers. But what or who is to blame for this male malaise? Uncle Sam. This was Allysia Finley's thesis, writing about men's growing disconnect from work in a recent Wall Street Journal article: 'Blame government, which showers benefits on able-bodied people who don't work,' Finley wrote. Finley is certainly right that we have a growing problem when it comes to young men's connection to work. In 1976, just 5% of young men ages 25 to 40 were not in the labor force. That number has more than doubled, rising to 11% in 2024. Over the same period, the share of men in this age range not working full-time rose by 46%, such that now more than 1 in 4 men in this age group are not working full-time. In 2024, 3.8 million men ages 25 to 40 were not in the labor force, and a total of 7.8 million were not working full-time. What's also apparent from these trends is that working-class men have been much more affected by the male flight from work than college educated men. The increase is only up 79% among college educated men, whereas it is up 165% among less-educated men. This is worrisome because such men are more likely to end up poor, unmarried, depressed and prone to succumbing to 'deaths of despair.' But is Finley right to blame the government for this male flight from work? Yes, in part, it would seem. A large minority of young men who are not working, or who are working less than full-time, are collecting food or cash from the government. The 2024 Current Population Survey indicates that 31% of men ages 25-40 who are not working full-time collected some form of cash or cash-equivalent benefit in the form of food stamps, Social Security for disability, Supplemental Security Income, or unemployment insurance in the prior year. Such benefits are particularly common among the nearly 4 million men in this age group who are not in the labor force, of whom 40% had received some cash or cash-equivalent government benefit. This doesn't include other non-cash government supports, like health insurance or reduced rent. We should note that national surveys, such as the Current Population Survey, tend to underreport the share of adults on such programs. To Finley's point, the share of young men receiving one or more of these benefits is likely higher than what the CPS indicates. But, as shown above, these benefits are largely going to those without college degrees. Furthermore, there is a large share of those who did not receive any such benefits and so are clearly not being enticed by Big Government. There is more to this story. So, what besides Uncle Sam is to blame? Our work at the Institute for Family Studies suggests broken families and big business also have a big hand in this male malaise. Regarding family, as Brad Wilcox wrote in his book 'Get Married,' young men are 'more likely to end up idle, to work less, and to earn less money if they came from a non-intact family.' He added, 'In fact, these young men are 36% less likely to hold down a full-time job by the time they hit their mid-twenties.' When it comes to big business, as Wilcox noted in The American Conservative: 'Many of the nation's biggest businesses — from Alphabet (YouTube) to TikTok to Microsoft (Xbox) — are selling products that serve teenage boys and young men one dopamine hit after another. The problem with these products is they make school and work relatively less appealing, inhibiting the ability of many young men to develop the skills, ambition, and work ethic that would enable them to thrive in the twenty-first century economy.' Work done by Princeton economist Mark Aguiar and his colleagues indicates that screentime — from gaming to porn — can account for nearly half of the drop in working hours for men in their twenties from 2004 to 2017. Of course, many parents of teenagers understand this problem starts before men hit their twenties. Throw in the well-documented failures of schools to cultivate the hearts, minds and talents of boys and young men, and what Eberstadt calls a 'normative sea change' that has made it a 'viable option' for 'sturdy men ... to sit on the economic sidelines, living off the toil or bounty of others' and you get a fuller picture of the familial, economic and cultural forces arrayed against our young men. The bottom line is that, yes, government handouts can, and do, sustain the growing male disconnect from work. But the story of young men and unemployment is about much more than the failures of Uncle Sam. There is plenty of blame to go around. Grant Bailey is a research associate at the Institute for Family Studies. Brad Wilcox is Distinguished University Professor and Director of the National Marriage Project at the University of Virginia and senior nonresident fellow at the American Enterprise Institute.
