Latest news with #laborforce
Bloomberg
17 hours ago
- Business
- Bloomberg
Rebecca Shi on ICE Raids Scaring Essential US Workers
Rebecca Shi, American Business Immigration Coalition Executive Director, discusses the impact ICE raids are having on the US labor force and shares her thoughts on whether or not the deportations themselves or the fear the deportations are instilling on workers are putting more stress on the job market. She speaks with Joe Mathieu and Tyler Kendall on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
Australia's Jobs Data Contains Seeds Of Looming Weakness
SYDNEY—Australia's unemployment rate remained around its lowest levels in half a century in May, but the latest data contained some hints that the job market could slow in the coming months. Unemployment remained steady at 4.1% in May, but the economy shed 2,500 jobs, well short of the 20,000 increase expected by economists.
Yahoo
4 days ago
- Business
- Yahoo
Fox Business Host Admits: 'If You Deport Everybody Who's Here Illegally, That Would Decimate Some Industries'
Fox Business host Stuart Varney said the quiet part out loud during a recent segment with former Trump economic adviser Stephen Moore: mass deportations could wreck parts of the U.S. economy. 'If you really did deport everybody who's here illegally, that would decimate some industries,' Varney said, referring to farming, hotels, meatpacking and other labor-heavy sectors. The comment came as Moore praised President Donald Trump for what seemed like a softer stance on Immigration and Customs Enforcement agents targeting these workplaces. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Many are rushing to 'I like the strategy of saying, you know, yeah, we've got to get rid of the bad people, but the people who have violated the law, give them a penalty... we don't want to reward illegal immigration,' Moore told Varney. Moore defended Trump's balancing act, arguing that while criminals should be deported, workers who follow the law and fill essential jobs could be handled differently. He also noted that immigrant labor is helping keep the economy afloat. 'Almost half of the growth of the labor force over the last five or six years is due to immigration,' he said. 'I just turned 65... 10,000 Americans are retiring every day. I guarantee you there are not 10,000 young Americans entering the workforce.' Even as Varney and Moore agreed on the need for stricter enforcement against lawbreakers, they both acknowledged the economic cost of going too far. 'It's a reversal of the previous stance, which is, they're all going to go,' Varney said. 'And that was not politically popular across the country, in my opinion.' Trending: Maximize saving for your retirement and cut down on taxes: . But while Moore applauded the idea of sparing certain workers from deportation, behind the scenes, that strategy was already unraveling. According to the Washington Post, the Department of Homeland Security has reversed course on guidance that had temporarily paused immigration raids at farms, hotels and restaurants. ICE agents have been told to continue raids at those locations, despite internal concerns and pressure from the agriculture and hospitality industries. An earlier memo had directed agents to hold off, which some interpreted as Trump bowing to economic reality. According to the Post, on June 12, the DHS memo said, 'We acknowledge that by taking this off the table, that we are eliminating a significant # of potential targets.' That didn't last. Trump, reportedly under pressure from immigration hardliners like Stephen Miller, posted on Truth Social on Sunday that ICE must do everything in its power to deliver 'the single largest Mass Deportation Program in History.' Despite the talk-show consensus, the administration's actions suggest a return to aggressive enforcement with little room for nuance. Read Next: The average American couple has saved this much money for retirement —? Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Fox Business Host Admits: 'If You Deport Everybody Who's Here Illegally, That Would Decimate Some Industries' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Wall Street Journal
5 days ago
- Business
- Wall Street Journal
Young Graduates Are Facing an Employment Crisis
The U.S. labor market is holding steady despite extraordinary economic upheaval. But it is a bad time to be a job seeker—especially if you are young. Recent college and high-school graduates are facing an employment crisis. The overall national unemployment rate remains around 4%, but for new college graduates looking for work, it is much higher: 6.6% over the past 12 months ending in May. That is about the highest level in a decade—excluding the pandemic unemployment spike—and up from 6% for the 12-month period a year earlier.
Yahoo
11-06-2025
- Business
- Yahoo
Is the Immigration Crackdown Already Showing Up in the Labor Market?
There are hints that the number of migrants in the U.S. labor force is already declining. It will take time, though, for the full effects to show up.
