More immigrants means more potential workers, which over time might help solve the "structural labor shortage" that Fed Chair Jerome Powell"Although not yet in the official labor market statistics, this is another sign that after a 2020 and 2021 playing catch-up, the labor market may be coming into better balance," Jonathan Pingle, an economist at UBS, wrote in a note.
That included an influx of those on work visas , a rebound in foreign students, and refugees and asylum-seekers."There's no immediate reason to think the labor force participation and intentions of this most recent year of immigrants versus prior years would be different. They could be, but we don't have evidence of it," says Kathryn Edwards, an independent economic policy consultant.
"The next thing to watch will be whether the surge in immigration revises up the labor force participation rate when we get the January data in early February," Pingle notes.
Over 5 million Americans are unemployed. We don’t need to allow mass illegal migration to fill jobs and lower wages.🤷🏻♂️
Cannabis workers are not included in government figures. Between 250,000 and 300,000. Cannabis is illegal.