An analysis of Bureau of Labor Statistics data has revealed that in October, over 81% of native-born residents aged 25 to 54 were employed, nearing a record high seen in June 2023. This figure surpasses employment rates during the Trump administration and is a positive indicator of the current labor market.
Conversely, employment rates among foreign-born residents in their prime working years were also strong, with nearly 78% being employed in October. This data includes citizens, permanent residents, and undocumented immigrants, showcasing a robust labor force participation among this demographic.
The analysis, conducted by an economist at Yale University, highlighted the impact of a tight labor market on all workers, particularly native-born Americans. The recent years of a strong labor market have been beneficial for native-born workers, with employment rates showing resilience and growth.
These findings have become a focal point in the 2024 presidential campaign, with discussions around the employment trends of native-born versus foreign-born individuals. While overall employment among native-born Americans has seen a slight decline in the past year, the employment rates for foreign-born individuals have surged, indicating a dynamic and evolving labor market landscape.
By focusing on prime-age workers, the analysis aims to provide a clearer picture of employment trends, accounting for demographic shifts that may influence labor force participation rates. The data underscores the importance of a strong labor market in supporting native-born workers and driving overall economic growth.
