The economy is roaring. Immigration is a key reaso
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Posted On: 02/27/2024 8:46:32 AM
The economy is roaring. Immigration is a key reason.
Momentum in the job market picked up aggressively over the past year — all while Washington is deadlocked on a border deal.
By Rachel Siegel, Lauren Kaori Gurley and Meryl Kornfield
February 27, 2024 at 6:00 a.m. EST
Immigration has propelled the U.S. job market further than just about anyone expected, helping cement the country’s economic rebound from the pandemic as the most robust in the world!
That momentum picked up aggressively over the past year. About 50 percent of the labor market’s extraordinary recent growth came from foreign-born workers between January 2023 and January 2024, according to an Economic Policy Institute analysis of federal data. And even before that, by the middle of 2022, the foreign-born labor force had grown so fast that it closed the labor force gap created by the pandemic, according to research from the Federal Reserve Bank of San Francisco.
The truth is The USA needs Immigrants!
I received a letter just before I left office from a man. I don't know why he chose to write it, but I'm glad he did. He wrote that you can go to live in France, but you can't become a Frenchman. You can go to live in Germany or Italy, but you can't become a German, an Italian. He went through Turkey, Greece, Japan and other countries. But he said anyone, from any corner of the world, can come to live in the United States and become an American.
Ronald Reagan
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Momentum in the job market picked up aggressively over the past year — all while Washington is deadlocked on a border deal.
By Rachel Siegel, Lauren Kaori Gurley and Meryl Kornfield
February 27, 2024 at 6:00 a.m. EST
Immigration has propelled the U.S. job market further than just about anyone expected, helping cement the country’s economic rebound from the pandemic as the most robust in the world!
That momentum picked up aggressively over the past year. About 50 percent of the labor market’s extraordinary recent growth came from foreign-born workers between January 2023 and January 2024, according to an Economic Policy Institute analysis of federal data. And even before that, by the middle of 2022, the foreign-born labor force had grown so fast that it closed the labor force gap created by the pandemic, according to research from the Federal Reserve Bank of San Francisco.
The truth is The USA needs Immigrants!
I received a letter just before I left office from a man. I don't know why he chose to write it, but I'm glad he did. He wrote that you can go to live in France, but you can't become a Frenchman. You can go to live in Germany or Italy, but you can't become a German, an Italian. He went through Turkey, Greece, Japan and other countries. But he said anyone, from any corner of the world, can come to live in the United States and become an American.
Ronald Reagan
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twitter sharing button Tweetfacebook sharing button Shareemail sharing button Emailcopy sharing button Share
Investors Hangout: https://investorshangout.com/post/view?id=667...z8SwqJF1bN
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