#Latest news with #foreignbornBloomberg3 days agoBusinessBloombergCollapsing Immigration Makes US Jobs Data Harder to Read for FedA sharp decline in immigration is keeping a lid on the unemployment rate even as the economy slows. Government data out Friday showed the size of the workforce shrunk in May, in part because of the biggest back-to-back decline in the number of foreign-born workers in the labor force since 2020. That left the jobless rate unchanged at 4.2% even as the number of people out of work rose.
Bloomberg3 days agoBusinessBloombergCollapsing Immigration Makes US Jobs Data Harder to Read for FedA sharp decline in immigration is keeping a lid on the unemployment rate even as the economy slows. Government data out Friday showed the size of the workforce shrunk in May, in part because of the biggest back-to-back decline in the number of foreign-born workers in the labor force since 2020. That left the jobless rate unchanged at 4.2% even as the number of people out of work rose.
3 days ago
