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NY Times: Immigration Rebound Eases Shortage of Workers, Up to a Point
February 6, 2023 1:38 pm
Category: Government (0.0 from 0 votes)
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(NYTimes)The flow of immigrants and refugees into the United States has ramped up over the past year, helping to replenish the American labor force after a decline that began with restrictions imposed under the Trump administration and that was compounded by the pandemic.
The Biden administration has been accelerating visa processing and broadly using humanitarian parole programs for migrants fleeing war and economic instability. Those efforts have driven a rebound in the foreign-born population — welcome news for the Federal Reserve, which has been concerned that a persistent shortage of workers could send wages higher and lead inflation to become entrenched.
Friday’s employment report for January, showing a blockbuster gain of 517,000 jobs, confirms that the economy continues to demand more labor.
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