Story perspectives

Immigration Policies Threaten U.S. Job Growth, Economists Warn

10/23/2025

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Summary

Story summary

U.S. Treasury Secretary Scott Bessent stated that slower job growth stems from reduced immigration and labor-market changes, not a weak economy.
He echoed Federal Reserve Chair Jerome Powell that U.S. President Donald Trump's immigration policies could constrain labor supply.
Economists warn these policies could yield near-zero job growth in coming years.
A study projects millions of net job losses and a significant drop in economic growth due to immigration restrictions.

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Story summary

U.S. Treasury Secretary Scott Bessent stated that slower job growth stems from reduced immigration and labor-market changes, not a weak economy.
He echoed Federal Reserve Chair Jerome Powell that U.S. President Donald Trump's immigration policies could constrain labor supply.
Economists warn these policies could yield near-zero job growth in coming years.
A study projects millions of net job losses and a significant drop in economic growth due to immigration restrictions.