Analysis of The Impact of Immigration on the US Economy in 2023

Surge in Immigration Rescues US Economy

Policymakers attribute the 2023 economic growth to a significant rise in immigration and labor force, preventing a recession.

Key Points:

• Stock Markets and Profits Surged: The economy performed well with real GDP growth, low unemployment rates, and high stock market indices.
• Immigration Numbers Impact: Data from various sources show a notable increase in immigrant population and labor force participation.
• Role in Lowering Inflation: Increased workforce led to lower inflation rates and stable economic conditions.