Two days ago, President Joe Biden boasted on X: “On my watch, 15.6 million more Americans have the dignity and respect that comes with a job.”

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The post immediately prompted a fact check from folks monitoring the job market, and reality is something different.

“Fact check: according to Standard Chartered, half of all jobs in recent years have gone to ‘undocumented immigrants,” ZeroHedge posted, along with research from the global banking firm.

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“Detailed data from U.S. Customs and Border Protection and U.S. Citizenship and Immigration Services suggest that half of non-farm payroll growth to date for FY 24 (started 1 October 2023) has been from undocumented immigrants who have received an Unemployment Authorization Document. We define undocumented immigrants as those who entered the US through non-traditional pathways, such as asylum seekers, parolees, and refugees,” according to the attached report from May 30.

“We estimate undocumented workers have added 109k jobs per month to NFP out of the average 231k increase so far in FY24,” the research read. “This may be an underestimate since undocumented immigrants often have limited access to benefits, so they may be heavily motivated to find employment.”

“Excluding these workers, NFP may be running at c. 125K per month. Such a pace is not recession but is hardly boom time and represents a moderate underlying pace of labour demand,” the report read.

It’s a similar story from the Bureau of Labor Statistics’ May job report, which showed 272,000 new jobs created that month, as the labor participation rate dropped to 62.5% and the unemployment rate ticked up to 4%.

According to the House Budget Committee, “nearly half of all job growth since October can be attributed to various immigrant groups, including illegal immigrants, showing a far weaker economy than suggested.”

“Reports show that upwards of half of the job gains under Biden have come from illegal immigrants, which belies a far weaker economy than Democrats want you to believe,” committee chairman Rep. Jodey Arrington, R-Texas, said in a statement. “Biden’s illegal immigrant crisis has conveniently served as a ‘two-for’ – shoring up his vote tally and padding his dismal unemployment numbers.”

It’s a dynamic that Zero Hedge, Geiger Capital, The Financial Times, The Heritage Foundation and others have highlighted for months.

“In just February, 1.2 million immigrants (legal and illegal) gained a job. Meanwhile, 500k native-born Americans LOST their job,” Geiger Capital posted to X in March, along with a graph with data from the Federal Reserve Bank of St. Louis. “Since Covid, native-born workers have actually LOST 2 million jobs. All of the net job gains are immigrants.”

The Financial Times noted in April one reason why seemingly positive economic data doesn’t jibe with polling that shows Americans are frustrated with the economy is because “some workers have had more luck in the post-pandemic labour market than others.

“Foreign-born workers have surged, while native-born employment is still slightly below pre-pandemic levels,” according to the financial site.

The Heritage Foundation agreed in February that “the best explanation for Mr. Biden’s poor polling on the economy has to do with who is getting these millions of new jobs.

In January, “native-born employment was not only a whopping 5.5 million below its pre-pandemic trend but was even 121,000 below its pre-pandemic level, or 0.1%,” according to a Foundation analysis.

“Conversely, foreign-born employment was 2.8 million above its pre-pandemic level, or 10.3%, having returned to its pre-pandemic trend last year. It turns out all of the job gains since the beginning of 2020 have gone to the foreign-born, while native-born Americans have actually lost jobs on net.”

Zero Hedge notes the accuracy of the Bureau of Labor Statistics numbers are questionable, as the Biden administration has made a habit of posting inflated jobs numbers, only to quietly revise them downward a month later.

In January, BLS initially reported a massive 353,000 jobs gained, but revised that figure to 229,000, cutting 124,000 jobs in the biggest one-month negative revision in two years.

The news site reports, with emphasis in the original:

“Of course, that does not mean that this month’s jobs print won’t be revised lower: it will be, and not just that month but every other month until the November election because that’s the only tool left in the Biden admin’s box: pretend the economic and jobs are strong, then revise them sharply lower the next month, something we pointed out first last summer and which has not failed to disappoint once.”

In March and April, officials cut 15,000 jobs from the BLS data, according to an Employment Situation Summary released on Friday.

With nonexistent job growth for native Americans, combined with continued inflation now at 19.3% since Biden took office, and it’s easy to see why “confidence in President Joe Biden to recommend or do the right thing for the economy is among the lowest Gallup has measured for any president since 2001.”

“The Biden Administration’s reckless tax and spending spree is directly to blame for stubborn inflation, which acts as a stealth tax on American families, eroding their hard-earned income and hindering their ability to save for the future. This isn’t just poor fiscal policy – its fiscal irresponsibility on an epic scale,” according to the House Budget Committee.