In January 2012:
Total employment rose 847,000 (+0.60 percent)
non-Hispanic employment rose 33,000 (+0.03 percent)
Hispanic employment rose 814,000 (+3.93 percent)
In percentage terms, Hispanic employment grew 131 times faster than non-Hispanic employment. The brutal explanation: Hispanics, immigrant and native-born, are systematically more willing to work for less.
Hispanic employment is interesting, but of course it was just a proxy for our primary interest: the displacement of native-born workers by immigrants. Our analysis of the Household Survey indicates that 414,000, or 49%, of January’s new jobs went to immigrants. That is more than three times their share of the labor force (16%). Native-born employment grew by 433,000.
Immigrant employment grew by 1.83% in January. Native-born employment grew by 0.37%. At these rates, immigrant employment will double in just 39 months, while native-born employment will take 196 months to double. That’s 16 years.
Since January 2009—the month Barack Obama took office—data on foreign- and native-born employment has been included in the monthly employment report. Coincidence or not, this means we can piece together the monthly points to track the long-term impact of Mr. Obama’s policies.
To calculate our New VDARE.com American Worker Displacement Index (NVDAWDI), we set native-born and immigrant employment when President Obama assumed office in January 2009 at 100 each. From that January to this January immigrant employment rose by 6.6%—pushing the immigrant employment index up to 106.6. Over the same period, native-born employment declined by 1.7%, reducing the native employment index to 98.3. We then take the ratio of immigrant to native-born employment indexes and multiply by 100.
Bottom line: the January 2012 NVDAWDI is 108.4—or 100 times 106.6 divided by 98.3.