It appears so, right here is one examine from the Chicago Fed, by Kristin Butcher, Lucas Cain, Camilo Garcia-Jimeno, and Ryan Perry:
Commonplace estimates primarily based on the principle family survey used to make clear labor markets—the Present Inhabitants Survey (CPS)—counsel that after a big drop in the course of the pandemic, latest speedy progress has introduced the foreign-born inhabitants again to, or above, ranges predicted by the pre-pandemic development. Nonetheless, we doc that the weighting elements used to make the CPS nationally consultant have just lately displayed some uncommon actions and conclude that normal estimates of the foreign-born inhabitants might at the moment be too excessive. We additionally present that latest labor market indicators are inconsistent with elevated foreign-born induced slack.
Ive additionally learn some privately-produced Zonda analysis, with a letter from the U.S. Census (neither on-line), principally supporting this conclusion, within the vary of 1.7 million to 2.2 million. So the present foreign-born inhabitants within the U.S. isn’t close to as unprecedented as some folks would really like you to consider.
