US Immigration Rebounds But Remains Far From Plugging Labor Gaps
- Pandemic, visa-processing slowdown spurred new-worker dropoff
- Lack of labor triggered wage increases, adding to inflation
This article is for subscribers only.
Immigration to the US is rebounding after a sharp two-year slowdown, but the pickup is unlikely to plug the pandemic-induced gap in new arrivals amid persistent employee shortages in industries reliant on foreigners.
Nearly a year after the US reopened its borders, non-American workers are flowing in at a pace just under that last seen in 2019, an analysis by University of California at Davis economics professor Giovanni Peri showed.