Wall Street Is Divided Over Whether Immigration Is Behind US Hiring Slowdown

The article discusses the diverging views among Wall Street economists regarding the reasons behind the recent slowdown in US job growth. Some economists believe that the slowdown is partly due to a decrease in immigration, which has led to labor shortages in certain sectors. However, other economists argue that the slowdown is primarily driven by factors such as rising interest rates, high inflation, and concerns about a potential recession. The article notes that this debate reflects a broader divide within the economic community on the role of immigration in the US labor market. While some economists believe that immigration can help alleviate labor shortages and support economic growth, others are more skeptical of the benefits of immigration. The article does not provide a definitive conclusion on the matter, but rather highlights the ongoing debate and the uncertainty surrounding the causes of the hiring slowdown in the US.