AFPI chief economist Michael Faulkender provides insight on the U.S. economy on Kudlow.
A surge of both legal and illegal immigration under the Biden-Harris administration is drastically changing the general makeup of the U.S. jobs market.
The major uptick in the immigrant workforce has helped ease labor shortages but, at the same time, has pushed up the jobless rate among foreign-born workers and the overall workforce.
Figures from the Congressional Budget Office (CBO) show that the U.S. has seen a net gain of more than 9 million immigrants since the end of 2020.
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Construction workers on a job site in Miami, Florida. Construction laborers are the most-common occupation for migrants, per the Census Bureau survey, followed by maids and house cleaners, and then cooks. (Joe Raedle/Getty Images / Getty Images)
About 2.6 million of those immigrants are «lawful permanent residents,» which includes green-card holders and other immigrants who came through legal channels such as family or employment-based visas.
The remaining 6.5 million foreign nationals, referred to as «other foreign nationals,» are made up of those who crossed the southern border without prior authorization, with the CBO expecting that population to swell to 8.7 million by the end of 2026.
The Bureau of Labor Statistics estimates that nearly 30 million foreign-born workers — both authorized and unauthorized — were employed in 2023 compared to 131.1 million native-born workers, meaning foreign born workers accounted for about 23% of the workforce.
Illegal immigration is a hot button issue heading into this year's presidential election as critics say it puts downward pressure on low-paid wages with
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