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Author:New-Schmidt, Addie 

Journal Article
Immigration and Changes in Labor Force Demographics

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.
FRBSF Economic Letter , Volume 2025 , Issue 28 , Pages 6

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