Bureau of Labor Statistics

The March jobs report released this week reveals more foreign individuals landed work than United States citizens.

The "index for shelter was the largest contributor to the monthly all items increase, accounting for over half of the increase."

The Bureau pinpointed gasoline as a leading contributor, which "accounted for over half of the increase" in August.

Amidst the flurry of figures released, a striking detail emerged: a whopping 1.2 million jobs previously held by native-born workers were lost, and, interestingly, this void was filled with a significant rise in foreign-born employment, amounting to 668,000.

Hollywood’s double strike by the Writers’ Guild of America and SAG-AFTRA is beginning to have a tremendous impact on the United States labor market.

Digging deeper into the data, "core inflation," which excludes the often fluctuating prices of food and energy, rose to an alarming 4.7% for the year.

Higher-than-expected inflation rate.

In Q4 2022, the growth rate was 2.6%, while in Q3 2022, it reached 3.2%.

"Largest crime scene in history."

The consumer price index, a key measure of inflation, rose 0.4% in February, up 6% from February 2022, the U.S. Bureau of Labor Statistics reported on Tuesday.