Business leaders: Solution to dire worker shortage is immigration reform

The Biden administration's Inflation Reduction Act is creating jobs, but the United States is experiencing a shortage of skilled workers, leading business leaders to call for an expansion of work permits for immigrants to fill the workforce gap.

azmirror.com

Relevant topic timeline:

8/23/2023

Wages for New Hires are Falling, But the Impact is Negligible – MishTalk

New hires are experiencing declining wages in various sectors such as technology and transportation, which could impact job hopping and take time to reflect in federal data, posing challenges for the Federal Reserve in managing inflation.

8/24/2023

Bidenomics falls flat for rural Americans

Despite signs of declining U.S. inflation, a majority of Americans, particularly those living in rural areas, are experiencing higher grocery prices under President Biden's economic policy, known as Bidenomics. Concerns about inflation and reliance on partisan news contribute to the perception of economic challenges, despite reports of a strong U.S. economy.

8/26/2023

There are almost 4 million more open roles than job seekers in the U.S. Here's why some economists think the immigration and labor crises are related

The United States is experiencing a high number of job openings, but a shortage of workers, leading to a debate on whether immigration policies should be more open to address this gap.

8/29/2023

Job vacancies, quits plunge in July in stark sign of cooling trend in the US labor market

The number of job vacancies in the US dropped in July, indicating a cooling labor market that could alleviate inflation, while fewer Americans quit their jobs and consumer confidence in the economy decreased, potentially impacting consumer spending; these trends may lead the Federal Reserve to delay a rate hike in September.

8/29/2023

Key US jobs data boost Fed's 'soft-landing' hopes

The US jobs data for July suggests a cooling employment market, with a drop in labor demand and easing of hiring conditions, which could help lower inflation without a significant rise in unemployment rates.

8/31/2023

Inflation is rising again, and Bidenomics is still to blame

President Biden's new spending initiatives, including the "Inflation Reduction Act," are likely contributing to an increase in inflation, counteracting his claims that inflation is under control and negatively impacting the financial situation of average Americans.

9/2/2023

What the August jobs report means for the Fed

The US job market is cooling down, with signs of weakening and a slowdown in momentum, which may allow the Federal Reserve to ease inflation pressure through weaker job creation and reduced demand.

9/3/2023

CNBC Daily Open: Why did the unemployment rate rise even as jobs were added?

The US added more jobs than expected in August, but the unemployment rate increased, indicating a looser job market and potentially relieving concerns about a hot labor market contributing to inflation.

9/20/2023

Immigration Surge Eases Labor Shortages, Cools Inflation Without Raising Unemployment

Immigrants have played a significant role in meeting the surging demand for workers in the US, helping to cool inflation and potentially avoiding a recession before the 2024 election by filling job vacancies and boosting the labor force participation rate.

Topics

Posted 8/24/2023, 4:50:43 PM

Business leaders: Solution to dire worker shortage is immigration reform

azmirror.com

Relevant topic timeline:

8/23/2023

Wages for New Hires are Falling, But the Impact is Negligible – MishTalk

8/24/2023

Bidenomics falls flat for rural Americans

8/26/2023

There are almost 4 million more open roles than job seekers in the U.S. Here's why some economists think the immigration and labor crises are related

The United States is experiencing a high number of job openings, but a shortage of workers, leading to a debate on whether immigration policies should be more open to address this gap.

8/29/2023

Job vacancies, quits plunge in July in stark sign of cooling trend in the US labor market

8/29/2023

Key US jobs data boost Fed's 'soft-landing' hopes

8/31/2023

Inflation is rising again, and Bidenomics is still to blame

9/2/2023

What the August jobs report means for the Fed

The US job market is cooling down, with signs of weakening and a slowdown in momentum, which may allow the Federal Reserve to ease inflation pressure through weaker job creation and reduced demand.

9/3/2023

CNBC Daily Open: Why did the unemployment rate rise even as jobs were added?

9/20/2023

Immigration Surge Eases Labor Shortages, Cools Inflation Without Raising Unemployment