Giovanni Peri and Reem Zaiour for Econofact and Marketwatch

A new memo by GMC Director Giovanni Peri and GMC Graduate Student Affiliate Reem Zaiour notes the effect of travel restrictions related to the COVID-19 Pandemic on immigrant arrivals in the United States. The data suggests that there has been two million fewer migrants than expected based on previous trends, where one million of those would have been college educated. This drop in foreign labor supply evidently seems to be a contributor of the current job shortage and could remain as an impediment as employment recovery as the economy heats up.

To read the entire memo, find it here on Econofact or here on Marketwatch.