Federal Chair Touts Job Market, But Data Show Foreign Born Workers Make Up Almost All Post-2018 Job Growth

Amid concerns that cracks are appearing in the U.S. economy, U.S. Federal Reserve Chairman Jerome Powell is reassuring Americans that the job market continues to be strong.

[RELATED: 1.2 Million U.S.-Born Workers Lost Their Jobs Last Month While Foreign Workers Gained 668,000…]

“We follow all the possible stories that are out there about there being cracks, but the overall picture really is a strong labor market,” said Powell.

“In many, many respects, things are returning more to their state in 2019, which we can think of as normal for this purpose,” he said.

Data, flagged by ZeroHedge, show that the “labor market” may look strong on paper, but there is more to the story if you’re an American taxpayer.

According to Bureau of Labor Statistics (BLS) data compiled by ZeroHedge, all job growth since 2018 has gone to foreign born workers, while the number of native born workers has dropped.

Foreign born workers have gained 3,868,000 jobs, while native born Americans hold 18,000 fewer jobs than they did in 2018.

The data also suggests that President Joe Biden’s claims about historic economic prosperity, including growing employment, applies to foreign-born adults living in the U.S. rather than U.S. citizens.

“Now, our economy is the envy of the world. We added 275,000 jobs last month—nearly 15 million since I took office. Unemployment has been under 4% for the longest stretch in more than 50 years,” said President Biden in a statement earlier this month.

The BLS data suggest “Bidenomics” is working very well — just not for working-age Americans who were born here.

[RELATED: Jaw-Dropping Videos Show Illegal Aliens Streaming Over Unsecure U.S. Border By the Tens of Thousands…]

This comes as unprecedented numbers of illegal immigrants have flowed across the U.S. border under Biden.

Illegal immigrants have brought social services to the breaking point in U.S. cities, such as Portland, Maine.

Even in New York City, Mayor Eric Adams, once a proponent of sanctuary city policies, is reeling from an ongoing crisis caused by large waves of illegal immigrant arrivals.

In Boston, services are stretched so thin that illegal immigrants are sleeping inside terminals of the city’s Logan International Airport.

Meantime, Biden has refused to use the power conferred to him under U.S. law to gain control of the border — even going in the opposition direction by suing Texas to prevent the Lone Star State from fortifying its border with Mexico.