GET THEM OVER THE BORDER, SCATTERED, AND REGISTERED TO VOTE DEM BEFORE THE LEGALS CATCH ON AS TO WHAT IS HAPPENING!
Job Openings Decline in Sign of Cooler Demand for Workers
The red-hot labor market that warmed the economy in recent months, showed signs of cooling in November, with employers looking to fill fewer positions, fewer workers quitting, and the number of hires falling.
The number of vacant jobs fell to 8.79 million as of the last business day of November from an upwardly revised 8.85 million in the prior month, the Bureau of Labor Statistics said in its monthly report on the Job Openings and Labor Turnover Survey, or JOLTS.
This was close to the 8.75 million median expectation of economists surveyed by Econoday and below the 8.82 million median forecast of analysts surveyed by Bloomberg.
Openings fell in the federal government and transportation, warehousing, and utilities decreased in transportation, warehousing, and utilities. Leisure and hospitality openings also declined.
Openings were up in mining, construction, and durable goods manufacturing. Finance and real estate also saw a rise in openings.
A crucial measure of the labor market is the ratio of openings to unemployed workers. This was to 1.4 to one in November, down from 1.8 to one a year earlier. Typically, this is closer to one to one. At its high point in 2022, the ratio was two to one.
The quits rate is a measure of the share of workers voluntarily leaving their jobs. When it is rising, it is typically a sign of a strengthening labor market. In November, it fell to 2.2 percent from 2.3 percent. This is still an elevated level compared with the decade prior to the pandemic.
In November, the number of hires decreased by 363,000 to 5.5 million.
The Federal Reserve has been hoping that its interest rate hikes will cool off demand for labor without significantly increasing unemployment. The decline in openings is evidence of cooling demand.
U.S. Manufacturing Contracts For 14th Straight Month
The manufacturing sector continued to contract in December, a closely watched economic barometer from the Institute for Supply Management indicated on Wednesday.
The ISM purchasing managers’ index, or PMI, rose to 47.4 percent in December, slightly higher than the 47.2 percent analysts had forecast. In the prior month, the PMI came in at 46.7.
Despite the better-than-expected improvement, the figure remains below the 50 percent threshold dividing expansion and contraction for the sector. Levels above 48.7 tend to indicate expansions for the overall economy.
New orders fell 1.2 percent in December. Customer inventories fell to back to negative territory, although this can be seen as a promising development for future demand.
New orders fell 1.2 percentage points to 47.1. The prices paid gauge fell to a level slightly below its three month average. Prices rose 4.1 percent in 2023, according to ISM’s Timothy Fiore, and are expected to rise 3.1 percent this year.
Of the 17 industry sectors tracked by ISM, only primary metals expanded in December.
The survey reflects responses before the Fed’s December meeting and the dramatic shift in expectations for earlier and more frequent interest rate cuts next year.
“Anticipation of the U.S. Federal Reserve holding off on interest-rate changes will encourage more companies to spend on capital investments again. As budgets get approval after the start of the calendar year, this should help drive investment and increase manufacturing activity once again,” a respondent in computer and electronic products said.
Dem NJ Mayor: We Turned Away Migrant Bus Because It’s ‘Major Security Risk’ — Don’t Know If They’re Armed
While speaking to New York ABC affiliate WABC on Monday, Edison, New Jersey Mayor Sam Joshi (D) stated that he turned a bus full of migrants sent to the city back because local police “did not know if any of those 40 individuals were carrying weapons, they couldn’t be identified.” And this is “a major security risk. It’s a health risk. And we’re just not going to tolerate that.” Joshi, who plans to send migrants back to the border, also stated that he doesn’t want to pawn problems off on other mayors.
WABC New Jersey Reporter Toni Yates stated, “The town of Edison, however, has its own answer: A charter bus to send migrants back to the southern border. The bus that arrived the other night was simply ordered to leave.”
She then played a clip of Joshi saying, “Edison Township Police officers did not know if any of those 40 individuals were carrying weapons, they couldn’t be identified. And that is a major problem. That’s a major security risk. It’s a health risk. And we’re just not going to tolerate that.”
After mentioning other arrivals in Edison over the summer and how other mayors say “help and order” are key, Yates played a clip of Joshi stating that “The solution for me, as the Mayor of Edison, is not to pawn it off to another mayor.”
Follow Ian Hanchett on Twitter @IanHanchett
REPORT: Monthly Migrant Encounters in December Exceed 300K for First Time
For the first time ever, migrant encounters along the southern border exceeded 300,000 in a single month, according to a report citing unofficial CBP sources. The report states December was the highest month in history for migrant encounters along the southwest border.
U.S. Customs and Border Protection officials, including Border Patrol agents and CBP OFO officer, encountered 302,000 migrants along the southwest border in December, according to an official source speaking with Fox News on Tuesday. The reported encounters set a new single-month record for CBP encounters and mark the first time this number has exceeded the 300,000-migrant threshold.
If the numbers reported by Fox News are accurate, this brings the first-quarter total number of encounters to more than 785,000 migrants.
The majority of the 302,000 reported migrant encounters in December were migrants apprehended by Border Patrol agents after illegally crossing the border between ports of entry. During the first 28 days of December, that number exceeded 232,000, Breitbart Texas reported.
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The historic surge in migrant apprehensions is hitting the Del Rio and Tucson Sectors especially hard. During the first 21 days of December, Tucson Sector Chief Patrol Agent John Modlin reported his sector apprehended nearly 74,000 migrant apprehensions. This represents the largest single-month total for the Tucson Sector since the last year of the Clinton administration, when agents encountered 76,245 in March 2020. In contrast, during FY20, President Donald Trump’s last full year in office, Tucson Sector agents apprehended only 66,076 migrants.
Del Rio Sector Acting Chief Patrol Agent John Bernal reported the apprehension of more than 22,000 migrants during the week before Christmas — plus another 1,600 known gotaways.
During the first two months of Fiscal Year 24, which began on October 1, Del Rio Sector agents apprehended 81,159 migrants who illegally crossed the border between ports of entry. This represents an apprehension rate of approximately 1,330 migrants per day. The daily apprehension rate in December appears to be in the 2,500 to 3,000 migrants range.
On New Year’s Day, overcrowded NGO shelters and Border Patrol processing centers forced federal officials to release busloads of migrants directly onto the streets of Eagle Pass, Breitbart’s Randy Clark reported. “Most of the migrants huddled outside a local transportation company, hoping to make a quick exit from the small border city,” Clark wrote.
U.S. Customs and Border Protection will report official numbers for December in mid-January.
Bob Price is the Breitbart Texas-Border team’s associate editor and senior news contributor. He is an original member of the Breitbart Texas team. Price is a regular panelist on Fox 26 Houston’s What’s Your Point? Sunday morning talk show. He also serves as president of Blue Wonder Gun Care Products. Follow him on Twitter @BobPriceBBTX.
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