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FILE PHOTO: U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S ...
As of 2023, according to estimates by the nonpartisan Economic Policy Institute (EPI), foreign-born labor accounted for record-high 18.6% of the US workforce. That same year, according to EPI, the ...
Immigration — both authorized and unauthorized — has helped the U.S. job market sustain a fiery run in recent months without reigniting inflation, economists and analysts say.
The rise in immigration has also been credited with helping to moderate inflation, [100] [99] though the impact is debated. [101] The Economist cites Giovanni Peri who says that immigrants tend to raise wages in communities that they move to as they allow for more specialization by taking lower-paying jobs, competing mostly with the last ...
That contributed to net immigration of 3.3 million people into the US in 2023, well above the 900,000 annual average from 2010 to 2019, according to the CBO. The agency’s estimates consider both ...
The Biden administration is quietly rushing to implement new policies that will loosen restrictions on migrants who entered the US illegally — a parting attempt to thwart President-elect Donald ...
Analysis by Oxford Economics estimated that 25% tariffs implemented across all sectors and predicted retaliatory tariffs would cause Canada's GDP to fall by 2.5% by early 2026, increase its inflation rate to 7.2% by mid-2025, and increase its unemployment rate to 7.9% by the end of 2025 due to an estimated 150,000 layoffs. [32]
And that 10% is an all-time high. The pandemic has exacerbated these issues, with millions of women exiting the workforce. As of April 2024, there are still 377,000 women missing from the labor ...