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9th Jul 2025 10:12USDaily Monitor

  • President Trump’s policies will slow the flow of immigration into the US, but not halt it entirely.
  • The idea that a big migrant exodus from the labor market is already underway is at odds with the data.
  • We continue to think labor demand will grow more slowly than supply, lifting the unemployment rate.

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Keywords for: 11 July 2025 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence