Posted 3/12/2024, 6:32:00 PM
Undocumented Immigration Credited with Bolstering Labor Market, Curtailing Recession
- Undocumented immigration has helped boost the labor market and steer the US away from a recession, according to some experts
- A Brookings study found immigration numbers are higher than major agencies estimate due to undercounting of undocumented individuals
- This increased labor supply has kept employment growth strong without more wage and price inflation pressures
- Morgan Stanley's chief US economist cited undocumented immigration as a positive labor market force
- The influx of immigrant workers means the job market can sustain higher monthly gains without causing inflation