Declining Immigration: The Hidden Factor Behind Economic Shifts and Labor Market Challenges

TL;DR
A significant decline in US immigration, especially at the southern border, is causing a major supply shock to the economy, potentially more impactful than tariffs, by slowing labor force growth and influencing monetary policy and currency value.
- Vanishing immigration is the 'real story' for the economy and a bigger supply shock than tariffs, analysts says Fortune
- Collapsing Immigration Makes US Jobs Data Harder to Read for Fed Bloomberg
- How Much Does Immigration Data Explain the Employment-Gap Puzzle? Liberty Street Economics
- Morgan Stanley cuts U.S. immigration forecast, citing slower labor force growth Investing.com India
- There is too much focus on jobs and not enough on big changes immigration TradingView
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