Here’s How Immigration Will Boost the US Economy, From Strong Hiring to More Housing
- Migrants seen increasing pace of job growth, consumer spending
- More construction workers may also mean more completed housing
This article is for subscribers only.
The recent surge in immigration to the US has led many economists to boost their forecasts. Now they’re looking for more signs of its impact in the data.
Growth in employment has continually surprised to the upside in recent years, running at a pace formerly deemed as unsustainable. Economists have coalesced around population growth as a key explanation after a recent Congressional Budget Office report estimated higher immigration than previously thought.