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 A healthy US economy's secret ingredient: Immigrant workers, eager to fill jobs
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The influx of foreign-born adults in the United States has helped solve the mystery of how the economy has managed to prosper and add hundreds of thousands of jobs despite the Federal Reserve raising interest rates to fight inflation. Immigrants, whether living in the US legally or not, have filled the labor shortage and increased the supply of available workers, driving economic growth and creating more job openings. The availability of immigrant workers has eased the pressure on companies to raise wages and pass on higher labor costs to customers, resulting in lower inflation. Immigrants accounted for a record 18.6% of the labor force in 2023. However, the role of immigrants in the economy has become a contentious issue in the election-year debate over the control of the nation's Southern border.

#UsEconomy #ImmigrantWorkers #Jobs #Inflation #LaborShortage #Wages #SouthernBorder

https://apnews.com/article/immigration-jobs-economy-wages-gdp-trump-biden-fbd1f2ec89e84fdfaf81d005054edad0