How immigrants are helping keep job growth hot while inflation cools
Publishing timestamp: 2024-06-17 11:40:30
Summary
Immigration has helped the U.S. job market sustain its strong performance without reigniting inflation. Recent spikes in immigration have kept the labor pool full, allowing for job gains without significant inflationary pressures. Economists credit immigration with helping the economy avoid recession and maintain positive GDP growth. However, the impact of immigration on the economy is a complex issue that could be influenced by the outcome of the upcoming presidential election.
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Keywords: jobs, jpmorgan drn, ed bastian, morgan stanley, laurence fink, edison international, bank of america corp, jerome powell, interest rates, elections, government and politics, joe biden, goldman sachs bdc inc, personnel, prices, brian moynihan, labor economy, blackrock inc, defense, citigroup inc, united states, david solomon, steelcase inc, duke energy corp, donald trump, goldman sachs group inc, microsoft corp, immigration, moody's corp, mark zandi, social issues, delta air lines inc, breaking news: politics, larry fink, exxon mobil corp, jamie dimon, politics, satya nadella, u.s. economy, blackstone inc, business news, economic events,
Source: https://www.cnbc.com/2024/06/17/immigrants-help-economy-job-growth-inflation.html