{"id":218474,"date":"2025-10-16T19:39:07","date_gmt":"2025-10-16T19:39:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/218474\/"},"modified":"2025-10-16T19:39:07","modified_gmt":"2025-10-16T19:39:07","slug":"more-from-waller-labor-supply-issues-masking-weakness-in-labor-demand","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/218474\/","title":{"rendered":"More from Waller: Labor supply issues masking weakness in labor demand"},"content":{"rendered":"<p data-v-4026719d=\"\">Let&#8217;s assume Miran&#8217;s numbers are right and 2 million people have left or been deported from the United States.<\/p>\n<p data-v-4026719d=\"\">A large number of those people were employed legally or illegally. Yet since Trump took the Presidency, there have only been 937K job additions in the non-farm payrolls report (through August). If you assume a +50K static rate, then there are at least a million jobs missing there.<\/p>\n<p data-v-4026719d=\"\">Now I don&#8217;t think that 2 million number is necessarily correct but Waller&#8217;s point stands: If you&#8217;re deporting a worker, that worker would normally be replaced.<\/p>\n","protected":false},"excerpt":{"rendered":"Let&#8217;s assume Miran&#8217;s numbers are right and 2 million people have left or been deported from the United&hellip;\n","protected":false},"author":2,"featured_media":218475,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-218474","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/218474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=218474"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/218474\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/218475"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=218474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=218474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=218474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}