Monetary Policy & Inflation | US
NFP Review: Foreign Workers Keep Wage Growth Low
- By Dominique Dwor-Frecaut
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- 5 min read
Summary
- Nonfarm payrolls (NFP) were much higher than expected, yet wage growth did not pick up.
- This could reflect the large increase in foreign-born workers.
- Longer term, liberal immigration policies may not be politically sustainable, as shown by the administration’s recent tightening of its refugee policies.
Summary
- Nonfarm payrolls (NFP) were much higher than expected, yet wage growth did not pick up.
- This could reflect the large increase in foreign-born workers.
- Longer term, liberal immigration policies may not be politically sustainable, as shown by the administration’s recent tightening of its refugee policies.
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