Strong Labor Market Boosts US-Born and Immigrant Jobs

Strong Labor Market Boosts US-Born and Immigrant JobsFeatured Image
By The Diversity Employment Team - Published on: Aug 19, 2024

The Strong Labor Market Has Boosted US-Born Employment

I just came across the latest analysis from Brookings, and it’s quite eye-opening. The strong labor market in the United States has led to a significant increase in employment for both U.S.-born and foreign-born individuals. This is great news, especially when you consider the discrepancies between published data and the actual numbers.

Key Findings

The authors of the Brookings article estimate that U.S.-born employment increased by about 740,000 over the course of 2023. This is in stark contrast to the published data from the Current Population Survey (CPS), which showed a decline of 190,000. Similarly, the increase in employment among foreign-born people was estimated at 1.7 million, larger than the 1.2 million reported in the published data.

Why the Discrepancy?

The higher estimates for both U.S.-born and foreign-born employment stem from migration numbers that are not yet captured by official population statistics. The unanticipated surge in migration has had significant implications for employment estimates. The CPS data underestimated the recent increase in the civilian non-institutionalized population of people in the United States aged 16 and up. This underestimation led to lower reported employment growth.

Methodology

To estimate employment growth, the authors used several steps:

– They began with previously published estimates of net international migration.
– They estimated the natural increase in the U.S.-born and foreign-born populations.
– They used published data on the employment-population ratio for each group to estimate employment growth.

Their findings showed that the predetermined population controls used by the CPS understated population growth over 2023. This led to an underestimation of employment growth for both U.S.-born and foreign-born individuals.

Implications for Job Seekers

This analysis highlights the importance of timely and accurate population data in our statistical systems. For job seekers, understanding these dynamics can be crucial. The labor market remains strong, and opportunities are growing, especially for those who are aware of the latest trends and data.

For those looking to unlock their potential, setting SMART goals can be a strategic path toward career success. It’s also essential to explore unusual job search strategies to stand out in a crowded market. These resources can provide valuable insights and actionable advice to help you navigate the job market effectively.

Conclusion

The strong labor market has indeed boosted employment for both U.S.-born and foreign-born individuals, surpassing published estimates. This underscores the need for accurate and timely population data to inform economic decisions. As the labor market continues to evolve, staying informed and adaptable will be key to seizing new opportunities.

For more detailed information, you can read the full article on Brookings here.

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