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  • 4 months ago
President Donald Trump’s strict immigration policies have reduced the U.S. labor force by over 1.2 million immigrants between January and July, according to preliminary Census Bureau data analyzed by the Pew Research Center. Immigrants make up nearly 20% of the workforce, including 45% in farming, fishing, and forestry, 30% in construction, and 24% in services, AP News reported. The U.S. immigrant population is declining for the first time since peaking in 2023, driven by departures, underreporting, enforcement actions, and fewer illegal border crossings under Trump’s policies. Experts warn the decline in immigrant workers is straining the U.S. job market, as immigrants typically drive at least half of job growth, limiting the ability to create jobs. Moody’s Chief Economist warned that Trump’s immigration policies could drive U.S. inflation from 2.5% to nearly 4% by early next year.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Donald Trump's strict immigration policies have reduced the U.S. labor force
00:06by over 1.2 million immigrants between January and July,
00:11according to preliminary Census Bureau data analyzed by the Pew Research Center.
00:16Immigrants make up nearly 20% of the workforce, including 45% in farming, fishing, and forestry,
00:2330% in construction, and 24% in services, AP News reported.
00:28The U.S. immigrant population is declining for the first time since peaking in 2023,
00:34driven by departures, under-reporting, enforcement actions,
00:37and fewer illegal border crossings under Trump's policies.
00:41Experts warn the decline in immigrant workers is straining the U.S. job market,
00:46as immigrants typically drive at least half of job growth, limiting the ability to create jobs.
00:52Moody's chief economist warned that Trump's immigration policies
00:55could drive U.S. inflation from 2.5% to nearly 4% by early next year.
01:01For all things money, visit Benzinga.com.
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