"Immigration's Impact on the U.S. Economy: Boosting Jobs and Powering Growth"

1 min read
Source: NBC News
"Immigration's Impact on the U.S. Economy: Boosting Jobs and Powering Growth"
Photo: NBC News
TL;DR Summary

The surge in immigration since 2022 has been credited with boosting the U.S. job market without significantly impacting inflation. Economists believe that the influx of immigrants has helped fill job roles at pay levels that have kept overall price growth in check. This has allowed for strong job growth without causing inflationary pressures. The increase in the labor force due to immigration has been identified as a key factor in sustaining steady economic growth. Despite the political debate surrounding immigration, the majority of arriving immigrants are authorized to work in the U.S. and are contributing to both the demand for goods and services and the labor supply, with a minimal net effect on inflation.

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