Losing immigration is a ‘true story’ for the economy and a larger supply shock than tariffs, the analysts say

• Protests on ice raids In the Los Angeles region, this weekend emphasizes the overall effects of immigration to the economy, legal or other way against undocumented workers in businesses. The collapse of the immigration represents a larger negative supply shock than Donald Trump tariffs, German bank said.

President Donald Trumps The mobilization of the National Security Troops of California Protesters emphasize that the raids on undocumented workers to protect immigration workers are the economic impact on a sudden decline in labor supply.

Protests in Los Angeles came to armored vehicles to attack the seller who gathered weapons in armed federal agents, tactical vests and helmets. This was the most end of similar high-profile transactions Enterprises around the country.

On Friday, the Department of Labor showed the monthly business report, the US employee as the number of foreign employees in May The biggest returns since 2020. The Biden administration income after an increase in immigration, helped economic activity.

According to the Deutsche bank analysis of the US Customs and Border Patrol, the number of matches on the southwestern border, and in the average of 200,000 in 200,000, in a period of 200,000 in 200,000, 12,000 people were divided into 12,000.

“Although everyone is aimed at the influence of tariffs, the real story for the US economy, more than 90% of the previous years, the growth of more than 2 million people with the participation of more than 2 million people, George Saravelos, George Saravelos, more than 90% compared to the head of the FX study in Corcsche Bank. “This represents a more sustainable negative supply shock for more economics than tariffs.”

While Trump points to the growth of the federal reserve as the reasons for reducing interest rates, the immigration blow is a central bank, which is cautious from the inflation effect of its tariffs, and is another reason to see.

The reason for this is not to be hired to absorb the supply of additional labor supply to the slower growing labor. In fact, this year, this year, this year, this year, in 2024, from 250,000 to 124,000 to 124,000 in 2024, was widely used around 4.2% since last summer.

Wall Street is the amount of hiring to keep a lower breakeven ratio or unemployment rate for business growth. By the end of this year, this PACE should fall from 170,000 to 170,000 and 210,000 to 90,000 months Morgan Stanleydeportations and which immigrant more slowly.

Deutsche Bank will have a wider impact on the collapse of immigration, including the financial markets, including the bugged dollar, including the financial markets.

“Last year, the United States has benefited from a golden pasta of high-employment and low wages due to high immigration numbers,” Saravelos “said. As shown in 2022 energy shock, a negative supply shock is a good news for a currency. “

This story was first displayed Fortune.com

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