Journal Article
Immigration and Changes in Labor Force Demographics
Abstract: Recent shifts in immigration flows have lowered the estimates of net international migration into the United States. New data indicate that net migration will be close to half a million people in 2025, down from 2.2 million in 2024. Estimates based on these data and on past trends for the U.S.-born population suggest that this could lead to a decrease in the working-age population and slower growth in the prime-age labor force. Continued low levels of immigration would lead to decreases in the total prime-age labor force.
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Bibliographic Information
Provider: Federal Reserve Bank of San Francisco
Part of Series: FRBSF Economic Letter
Publication Date: 2025-11-19
Volume: 2025
Issue: 28
Pages: 6