This Issue: New hirings were up in October, but employers are signaling a slowdown and potential layoffs in the future
Fri,
Nov. 4th
The Bureau of Labor Statistics announced this morning that employers added 261,000 jobs in October. While the job gains were modest and companies continued to hire new workers last month, that trend may be changing.
Yesterday afternoon, the top stories on The Wall Street Journal's website announced hiring changes at two major tech companies -- Amazon and Lyft.
Axios also included a story on hiring freezes and layoffs among its list of top news stories this morning: "Massive wintertime layoff surge." The story mentioned the following companies: CNN, Apple, Twitter, and Stripe in addition to both Amazon and Lyft.
So the question is, given all this news on a job market slowdown and real wages failing to keep up with inflation, will Congress still look to move immigration legislation that could potentially add millions of new foreign workers during the upcoming lame duck session?
Business groups are pushing for passage of the Farm Workforce Modernization Act. The legislation passed through the House last year, but has yet to receive a vote in the Senate.
The legislation would grant amnesty to more than 1 million illegal farm workers and expand the list of jobs that fall under the unlimited H-2A guest-worker program. Just as after the 1986 farm worker amnesty, a majority of these amnestied aliens likely would move out of agricultural work and compete with Americans for jobs in other low-wage industries.
The Senate is also expected to pass the National Defense Authorization Act. While the legislation should have nothing to do with immigration, the House slipped into its version an amnesty for about 200,000 individuals who are about to lose legal status. We've already posted, and will continue to post, actions on your Action Board urging Senators to keep the provision out of the Senate bill.
Next week's election results could also weigh heavily on what legislation will be considered during the lame duck. It's widely accepted that Democrats will lose control of the House, but should they also lose control of the Senate, they'll view the lame duck as their last chance to get something done before turning control over to Republicans, including passing legislation that would expand the importation of foreign workers.
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Chris Chmielenski NumbersUSA Deputy Director |
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