Immigration has helped the hot US economy and labor market, but there's a risk of oversupply, Fitch says

Fri, 04/12/2024 - 10:29

Tech Insider

Economy

• Foreign-born workers are leading the increase in the US labor force, Fitch Ratings said.
• But a labor demand cooldown may cause an oversupply in the market, it cautioned.
• Jobs growth in the government sector is also fueling the labor market.

US labor momentum seems stuck in high gear, after March added yet another blowout jobs report.

Tags

economy, Markets, Immigration, us-economic-recovery, us-labor-market, fitch-ratings, recession-outlook, soft-landing, government-jobs

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Immigration has helped the hot US economy and labor market, but there's a risk …