A record number of immigrants now make up 18.6% of the U.S. workforce, filling crucial roles in industries like technology, healthcare and agriculture. Economists say these workers are essential for growth, as the birth rate declines and more Americans retire. The government predicts immigrant workers will boost the economy by $7 trillion over the next decade.
The Fed's upcoming meeting will impact the stock market. Inflation remains high, and the strong job market means the Fed is unlikely to cut interest rates. This could hurt the stock market, but investors should focus on companies with strong cash flow. Defensive investments and industries related to AI, such as electricity providers, could also perform well.
The US economy added over 300,000 jobs in March, exceeding expectations. Healthcare, government, and hospitality sectors led the growth. Notably, leisure and hospitality jobs have recovered from pandemic losses. This growth may be driven in part by increased immigration, which helps balance the labor market and keep wage pressures low.
