It appears so, right here is one research from the Chicago Fed, by Kristin Butcher, Lucas Cain, Camilo Garcia-Jimeno, and Ryan Perry:
Commonplace estimates based mostly on the primary 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 fast 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 not too long ago displayed some uncommon actions and conclude that customary estimates of the foreign-born inhabitants might presently 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), mainly 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 love you to imagine.
