U.S. added just 73,000 jobs in July and numbers for prior months were revised much lower

[mathematic]

24. Oh absolutely, the LPR for immigrants is higher than native-born.

Anything that reduces future immigration or discourages current immigrants from staying will lower the laborforce participation rate.

I do think the immigration as a topic hasn't been able to communicate these kinds of impacts. It's been focused on individual impacts (ie, the injustice of summary deportation, etc) or too broadly, like "immigration is good for the economy".

I've tried to talk about the actual mechanics of immigration crackdowns on the economy. Like, if a workplace loses 10% of their workforce due to immigration crackdowns then they don't hire 10% native born workers (that do not exist--we are, or were, at full employment), they lay off some portion of their non-immigrant workforce to downsize their operations.

Immigrants also account for demand. An economy without immigrants is smaller, not just because it's less productive but because it's simply, well, "smaller". There are fewer people in the economy.

So we end up in this scenario where we're used to examining these economic statistics with certain population dynamics assumptions that no longer are true as of 2025.