economy
Friday's jobs report is better than it looks
The United States does not need as much job creation as it has in years past, thanks in large part to the crackdown on illegal immigration, meaning that recent job growth is stronger than it might seem at first.
TL;DR
- The U.S. needs less job creation than in previous years to keep unemployment from trending upwards.
- The aging U.S. population, with more people retiring, reduces the number of jobs needed.
- Stricter immigration enforcement has led to fewer migrants entering and more leaving the U.S., further decreasing the need for job growth.
- Research indicates the U.S. can lose thousands of jobs per month and still maintain or lower unemployment.
- Recent job growth, while slower, is more than enough to prevent a recession.
- Job numbers can fluctuate, and monthly declines of up to 100,000 jobs are possible without indicating a poor economy.