Topic: March Jobs Report

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Stay Alarmed
Episode 1649 2:32:40 - 2:36:23

1649: Stay Alarmed

March Jobs Report, Immigration Economic Impact

The March jobs report showed strong hiring gains, which economists attribute to a surge in immigration boosting the "neutral payrolls growth" rate. Federal Reserve Chairman Jerome Powell previously identified a lower cruising speed for jobs, but "newcomers" are now seen as a primary driver of labor market expansion. Meanwhile, reports surfaced of Wisconsin using $700,000 in COVID relief funds to provide utility and gas assistance to illegal immigrants.