Trump's immigration crackdown hits jobs hard |
President Trump's immigration policies are significantly impacting the job market, particularly for low-wage workers. Monthly hiring has dropped to an average of 29,000 jobs from June to August, a stark contrast to the 400,000 jobs added during the post-pandemic boom. Economists warn that the loss of foreign workers could lead to near-zero job growth in the coming years. Lee Branstetter, an economist at Carnegie-Mellon University, emphasized: “Immigrants are good for the economy,” highlighting their role in mitigating inflation. The Congressional Budget Office has downgraded its economic growth forecast, attributing it to the fallout from Trump's immigration policies. Goodwin Living's CEO, Rob Liebreich, noted the challenges of filling roles after laying off immigrant workers, stating, “We need all those hands.” |
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