Immigrants must be coming across and getting jobs….
Check it out:
The Bureau of Labor Statistics is out today with its estimate of how many jobs the economy added in July – and it’s 209,000. It’s down from the huge gains in June but still relatively good news – it’s the sixth straight month with jobs gains over 200,000.
The unemployment rate, however, actually ticked up in July, to 6.2%. It’s a result of a few different things – the labor force participation rate ticked slightly up by a tenth of a percentage point, for example. The broader, seasonally-adjusted U-6 measure of unemployment also ticked up, by one tenth of a percentage point, to 12.2%. U-6 takes into account discouraged and underemployed workers, which means those people who may have long been looking for a job but left the labor force are counted.