On August 15, 2012 President Obama’s 2 year immigration amnesty for those illegal immigrants that came here under age 16 and are now residing in the US will go into effect. Currently 1.7 Million immigrants are eligible for this program. For two years immigrants will be able to obtain work permits and drivers licenses without fear of deportation.
For obvious reasons that Bureau of Labor and Statistics has no way of counting illegals working in the US. Thus I’ll happily do some math that you will never see reported my the news media.
Assuming that 1 Million of the 1.7 Million illegals living in the United States are eligible to work legally now, we have just added 1M more people to the ranks of the unemployed. As of August 3 12.8 Million peopl were unemployed and seeking work, now its going to be 13.8 Million. This changes the unemployment rate to 8.95% in which I’m sure hard working people that are here legally are now competing with.
What is even more staggering is when you extrapolate the U6 Numbers ( which combines unemployed and underemployed). In July this stood at 15% and for August this should be 16.25%.
It boggles the mind what our President will do to get votes!