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It Was All A Mirage: 2.5 Million Native-Born US Workers Were Just Revised Away

It Was All A Mirage: 2.5 Million Native-Born US Workers Were Just Revised Away One of Donald Trump's core pre-election promises (along with cracking down on immigration and no more foreign wars) was to boost employment for local-born Americans at the expense of the record employment for foreign-born, mostly illegal, workers. And for a while it worked: four months ago, when discussing the September jobs report, we said that while the broader report was generally mixed, it was "indisputably strong when it comes to one thing: the rotation from foreign...
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Apr 5, 2026 / Tyler Durden
DOE FY27 Budget Requests $45 Billion in Nuclear Funding
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Jun 8, 2026 / Tyler Durden
Apollo And Blackstone Raise $35 Billion For Anthropic In One Of The Biggest Ever Private Credit SPV Deals
Jul 22, 2026 / Tyler Durden
A Fed Rate-Hike Would Be A Serious Mistake
A Fed Rate-Hike Would Be A Serious Mistake Authored by Daniel Lacalle, The latest U.S. inflation report and jobs data do not justify another interest rate increase. Additionally, June data show that inflation is slowing down, especially in the core CPI measure that is most closely watched by monetary authorities, while ongoing tightening is stopping the labor market from reaching its full potential. Hiking rates while maintaining elevated liquidity harms families and small businesses and perpetuates the very factors that drive inflation, including rising money supply and government spending. Keeping rates above the neutral...
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