Immigration in America Is Fueling Record Economic Growth
Immigrants are crucial to the nation’s economic comeback, creating and filling essential jobs that will inject $7 trillion into the economy over 10 years
Washington, D.C. – As record job growth continues under President Biden, leading economic voices are highlighting the crucial role that immigrants are playing in the labor market. The data adds to a growing chorus of elected officials, industry leaders, and advocates that are calling for expanded work authorization and protections that would allow both newly arrived and long-settled immigrants to strengthen local economies and invigorate cities. Despite an enduring hyper partisan divide in Congress that has consistently left comprehensive immigration reform on the cutting room floor, immigrants continue to prove themselves essential to American prosperity by mitigating the fallout of a tight labor market and high inflation.
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New York Times: “Immigration is helping to meet hiring demand, and may explain data mysteries”
“Immigration has been robust over the past two years, creating a flood of potential workers that is both supercharging the job market and leading to surprises and quirks in closely watched economic data.”
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Semafor via Steven Rattner: “By adding millions of new workers to the labor market, the immigration surge has lifted payrolls and growth, and potentially helped keep a lid on consumer prices, according to recent research.”
