At 4%, the claimed unemployment rate is still low. But it's rising.
The claim about Americans losing jobs to illegal "newcomers" isn't just supposition. It's right there in the numbers.
The latest Bureau of Labor Statistics report revealed a rise in unemployment to 4.0%, highlighting continued economic struggles under the Biden administration. Significant job losses for native-born workers and gains for foreign-born workers, including illegal immigrants, paint a concerning picture for the American workforce.
Key Details:
The unemployment rate increased to 4.0% in May, up from 3.9% in April, highlighting ongoing economic instability under President Biden's leadership.
Native-born Americans saw a significant decline in employment, losing 663,000 jobs, while foreign-born workers, including illegal immigrants, gained 414,000 jobs.
The Federal Reserve Bank of Atlanta recently revised its GDP growth estimate down from 4.2% to 1.8%, reflecting slowing economic activity and reduced consumer spending as inflation remains steady and prices continue to rise.
In the socialist utopia of Califoreign, ten thousand jobs have been lost in the fast food industry alone since the minimum wage was jacked up to $20/hour.
California's recent minimum wage hike to $20 per hour has resulted in nearly 10,000 job cuts across the state's fast food sector, according to a major trade group. The California Business and Industrial Alliance (CABIA) criticized Democratic Governor Gavin Newsom for implementing the law, which took effect on April 1. Tom Manzo, president and founder of CABIA, highlighted the adverse impacts on businesses, including closures and increased prices, in an interview with Fox Business.
One notable casualty is Rubio's California Grill, a popular taco chain that shuttered 48 of its 134 locations in late May, citing the rising cost of doing business in the state. The San Diego-based company filed for bankruptcy shortly afterward. Similarly, a Fosters Freeze location near Fresno closed due to the inability to sustain the upgraded wages.
Fast food giants like McDonald's, Burger King, and In-N-Out Burger have responded to the wage hike by raising prices. For example, McDonald's has increased the cost of its Quarter Pounder and Double Quarter Pounder burgers, while Taco Bell raised menu prices by 3%. These price adjustments come amid already high inflation, making fast food meals significantly more expensive for consumers. A LendingTree survey revealed that 78% of consumers now view fast food as a "luxury" purchase.
This story from January "resurfaced" on social media: Gen Zers are "bringing their whole selves" to job interviews, and by "whole selves," I mean they're bringing their parents. Or 20% are, at least.
And word has gotten out about the Failure Factories we call "colleges" -- employers don't want to hire recent college graduates.
Helicopter parenting has reached a new level.
Employers are going above and beyond to not hire recent college graduates in favor of older workers, a new survey found.
The survey uncovered many reasons why older applicants are preferred -- including that Gen Z jobseekers are even bringing mom and dad to interviews.
In December, Intelligent, an online magazine focused on student life, surveyed 800 managers, directors and executives involved in the hiring process.
It found that 39% of employers actively avoid hiring recent college graduates for roles they're qualified for.
Out of the 800 people surveyed, a startling one in five (19%) said a recent college graduate brought a parent with them to their job interview.
But that's not the only aspect stopping employers from hiring Gen Z applicants.
One in five employers say that recent college graduates are "unprepared" for interviews -- and are often unprofessional.
Fifty-three percent of employers surveyed said that recent college graduates struggle with eye contact, 50% said they ask for unreasonable compensation, 47% said they don't dress appropriately for interviews, and 21% said they refuse to turn their cameras on for virtual interviews.
That can't all be due to covid; these people were locked down fairly late in their young lives.
It's all very worrying: society is churning out broken, fearful people.
And the younger generations have been lazy for a while. A friend of mine owns a lawfirm and complains that he, the owner, has to work through the weekend because his young attorney employees will routinely blow off writing motions due on Monday morning because they decided to go on a road trip or just want to "set parameters for my work-life balance."
Additionally, 63% of those involved in hiring claimed tht recent college grads can't manage their workload, 61% said they are frequently late to work, 59% claimed they often miss deadlines, and 53% noted that they are frequently late to meetings.
Employers aren't exactly fans of Gen Z's attitudes, either.
Fifty-eight percent said Gen Z jobseekers get offended too easily and are unprepared for the workforce in general, 63% said they are entitled, 57% believed they lack professionalism, 55% said they don't respond well to constructive feedback, and 52% claimed they have poor communication skills.
Of those surveyed, 47% admitted that they had fired a recent college graduate.
Meanwhile, employers are pursuing great lengths to avoid hiring a recent graduate, including offering more benefits for older employees (60%), paying higher salaries to older employees (59%), allowing older workers to work remotely or in a hybrid environment (48%) and hiring older employees for roles they're overqualified for (46%).
A friend of mine commented: Being merely normal is the new "extraordinary."
I really don't know what we can do. A society churning out hordes of economically-useless young people cannot survive.
And obviously: They will repudiate Social Security and Medicare the moment they have a working majority to do so. They can barely support themselves, they're not going to support the older generations.