Foreign-born employment remains near last month's high

Published On Oct 4, 2024, 5:55 PM

The latest jobs report from the Bureau of Labor Statistics indicates that foreign-born employment in the U.S. was just over 31.4 million in September, slightly down from August but still near record levels. This represents a year-over-year increase of about 1.2 million jobs. Meanwhile, native-born employment increased to approximately 130.6 million, although this is a decrease compared to the previous year. The rise in foreign-born employment reflects a long-term trend since 2010, interrupted briefly by the pandemic. Federal Reserve Chair Jerome Powell noted that fluctuations in immigration can influence job creation and the overall unemployment rate.