CNN reported on Oct 29, 2010 that immigrants have gained hundreds of thousands of jobs since the recession is said to have ended, while U.S.-born workers lost more than a million jobs, according to a study released Friday.
Native-born workers lost 1.2 million jobs in the year following June 2009, when economists say the recession officially ended, reported the Pew Hispanic Center, a division of the Pew Research Center.
In that same period of time, foreign-born workers have already gained 656,000 jobs, according to the center, which based its analysis on statistics from the U.S. Census Bureau and the U.S. Department of Labor.
The disparity is even more extreme for the two-year period ending June 2010. During that time, foreign-born workers lost 400,000 jobs, while U.S.-born workers lost 5.7 million, according to the Pew Hispanic Center. As a result, immigrants outperformed native-born workers on unemployment rates. The unemployment rate for immigrants was 8.7% in June, the most recent month cited in the study, compared to 9.7% for U.S.-born citizens. During the one-year period ended in June, the immigrant unemployment dropped by 0.6 percentage point, but it gained 0.5 point for native-born workers.
"[Immigrants] started taking an earlier and harder hit during this recession and it could be now that things could be turning up for them sooner," said Rakesh Kochhar, association director of research at the Pew Hispanic Center and co-author of the study.
One of the reasons why immigrants tend to outperform native-born Americans is because they're generally more flexible, said Kochhar. "They come here to work. They don't care necessarily whether it's in New York or L.A. or Dallas or Atlanta. They also tend to be more flexible in regards to the wages and the hours they put in." Visit CNN Money for the original article: http://money.cnn.com/2010/10/29/news/economy/jobs_immigrants/index.htm
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