Immigrant workers boost US job growth, prevent recession.
Immigrant workers boost US job growth, prevent recession.
Despite aggressive interest rate hikes by the Federal Reserve to combat inflation, the economy has thrived by adding many jobs each month, largely due to immigrants—both legal and undocumented—entering the workforce. This influx of foreign-born workers increased the labor pool, helping companies fill vacancies and sustain economic growth without significant wage increases that could fuel inflation. As a result, while inflation remains elevated, it has decreased from levels seen two years ago.
Photos by AP
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Despite aggressive interest rate hikes by the Federal Reserve to combat inflation, the economy has thrived by adding many jobs each month, largely due to immigrants—both legal and undocumented—entering the workforce. This influx of foreign-born workers increased the labor pool, helping companies fill vacancies and sustain economic growth without significant wage increases that could fuel inflation. As a result, while inflation remains elevated, it has decreased from levels seen two years ago.
Photos by AP
Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe
Visit our website at https://www.manilatimes.net
Follow us:
Facebook - https://tmt.ph/facebook
Instagram - https://tmt.ph/instagram
Twitter - https://tmt.ph/twitter
DailyMotion - https://tmt.ph/dailymotion
Subscribe to our Digital Edition - https://tmt.ph/digital
Check out our Podcasts:
Spotify - https://tmt.ph/spotify
Apple Podcasts - https://tmt.ph/applepodcasts
Amazon Music - https://tmt.ph/amazonmusic
Deezer: https://tmt.ph/deezer
Tune In: https://tmt.ph/tunein
#themanilatimes
#worldnews
#economy
#jobopportunity
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