The strong jobs market has been bolstered post-pandemic by strength in the immigrant workforce in America.
And as Americans age out of the labor force and birth rates remain low, economists and the Federal Reserve are touting the importance of immigrant workers for overall future economic growth.
Immigrant workers made up 18.6% of the workforce last year, a new record, according to Bureau of Labor Statistics data.
Despite the U.S. adding fewer-than-expected jobs in April, the labor force participation rate for foreign-born workers ticked up slightly, to 66%.
"We don't have enough workers participating in the labor force and our birth rate has dropped down 2% last year from 2022 to 2023.
Persons:
Jennie Murray, Phillip Swagel, Swagel
Organizations:
Federal, of Labor Statistics, Workers, National Immigration, Congressional
Locations:
America