Lower Immigration And Zero Net Job Creation Dim U.S. Growth Prospects

Federal Reserve Chair Jerome Powell said the U.S. labor market has shown no growth and no net private‑sector job creation over the past several months. The Trump administration's immigration reductions are cited as slowing labor force growth, economic growth and job creation—a modest headwind that could complicate hiring recovery and Fed policy considerations.

Analysis

Federal Reserve Chair Jerome Powell said the U.S. labor market has shown no growth and no net private‑sector job creation over the past several months. The Trump administration's immigration reductions are cited as slowing labor force growth, economic growth and job creation—a modest headwind that could complicate hiring recovery and Fed policy considerations.