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Tuesday, June 25, 2024

How Biden’s border restrictions could affect the labor market

How Biden’s border restrictions could affect the labor market

By Emily Peck, Axios Markets

The high job growth of the past few years was driven in large part by immigration, but now the Biden administration is looking to curb migrants’ entry into the country.

Why it matters: The strength in the job market helped underpin a surprisingly strong economy amid historic interest rate hikes. The big question now is whether the new border restrictions will slow either the job market or the economy overall.

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