New research presented at the Brookings Papers on Economic Activity indicates that the significant immigration surge in the U.S. from 2021 to 2024 boosted economic growth and job creation with minimal negative impact on native-born workers. The study estimates that this influx of approximately 6.5 million migrants accounted for a substantial portion of employment gains and increased GDP, while native workers saw modest wage increases and unchanged employment rates. However, the surge did contribute to a slight rise in rent inflation due to housing supply not keeping pace with the population increase. AI
RANK_REASON New research paper presented at an economic activity conference. [lever_c_demoted from research: ic=1 ai=0.0]
- Biden
- Brookings Papers on Economic Activity
- Federal Reserve Bank of Dallas
- Jennifer Hunt
- Madeline Zavodny
- Pia Orrenius
- U.S.
- Vance
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