- A sharp drop in immigration since 2024 — net international migration plunged from a 2024 peak to roughly 321,000 by mid‑2026 (and could be even lower) after the Trump administration's enforcement push.
- With fewer immigrant workers, foreign‑born unemployment fell while native‑born unemployment rose, because immigrants disproportionately worked in tough, lower‑paid jobs like construction, trucking and personal care.
- Employers say native workers won’t take many of those roles without much higher pay, producing patchy wage gains in some sectors but broader worries about slower growth and higher prices.
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