The U.S. labor force growth is being driven entirely by immigration, according to economists and analysts. Since February 2020, the foreign-born labor force has grown by 11%, while the native-born labor force has remained unchanged. This trend has helped sustain job growth without reigniting inflation. Experts from Apollo Global, including Torsten Slok, and Brookings Institution, including Ian Seyal, emphasize the essential role of the foreign-born workforce as older workers retire and new workers begin their careers.
Nearly all the growth in the labor market has come from immigration. Nice chart from Torsten Slok at @apolloglobal. https://t.co/z8MkJuMWb8
“As the U.S. workforce continues to grow, and as old workers retire and new workers begin careers, the foreign-born workforce will remain essential,” argue @dany_bahar, Ian Seyal, and @gregcwright. https://t.co/Xe3NCrnid2
"The foreign-born labor force has grown 11% since February 2020, and the native-born labor force has remained unchanged over the same period." - Apollo Sløk https://t.co/OiFpVYYzsK
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. https://t.co/FwsGsKT7Ag
Immigration has not meaningfully driven economic growth - while net migration soars, our economy stagnates. If we want to drive growth, we need to roll back the regulatory state and encourage firms to invest in new technology, rather than relying on human quantitative easing. https://t.co/juqUcYMQqW https://t.co/OsdkRdnNKY
How immigrants are helping to keep job growth hot while inflation cools https://t.co/IaF9gn6vIE
Foreign-born U.S. labor force has grown 11% since February 2020; native-born labor force has remained unchanged over same period @apolloglobal https://t.co/rPX84loyX3
Growth in the Labor Force Coming Entirely From Immigration -Torsten https://t.co/SL26XZ6XbF https://t.co/nKNBupyJVr